![]() ![]() Regularly advise on investments in hedge funds, private equity funds, real estate funds and other types of investments. Review and negotiation of investment arrangements for multibillion-dollar pension trust.HIPAA-compliance matters related to business associates and issues that arose in transmission of electronic protected health information related to its group health plan for 65,000 participants.Executive compensation and employee benefit matters in connection with bankruptcy filing for certain subsidiary operating companies, including designing incentive compensation agreements with executives at subsidiaries and spinning off a portion of 401(k) plan to a company being sold out of bankruptcy.A full range of sophisticated advice was needed for the project including plan design, compliance, drafting, negotiating and reviewing the terms of the annuity contract and preparation and adoption of a pension plan amendment. An annuity lift-out program where the company Master Pension Plan purchased an annuity contract from an assurance company for approximately 130 million USD to fund retirement benefit payments for certain retirees.The plan was very well received by plan participants with an over 80% acceptance rate. Voluntary early retirement incentive programs during 2019 including design modifications, compliance with IRS regulations, drafting appropriate plan amendments to the pension plan and assisting with issues that arose while the incentive program was being implemented.Advised a large public utility with the following:.State Teachers Retirement System of Ohio.School Employees Retirement System of Ohio.and Dryvit Systems, Inc., Rust-Oleum Corporation, DAP Products, Inc., and Zinsser Co., Inc. RPM International Inc., and related companies, including Tremco Incorporated, Carboline Company, Day-Glo Color Corp.and Nestlé Holdings, Inc., and related companies, including Nestlé Prepared Foods Co., Nestlé Purina Petcare Company and Nestlé Healthcare Nutrition, Gerber Products Company, Gerber Life Insurance Co. Clearstead Advisors LLC (formerly known as Hartland & Co.).CW Industrial Partners LLC (formerly CapitalWorks, LLC).Multi-employer withdrawal liability claimsĪ list of Calfee's representative Employee Benefits and Executive Compensation practice clients include the following:.Discrimination claims under ERISA Section 510.Disputed benefit claims (administrative proceedings and litigation).Phantom and synthetic equity arrangements.Assistance in obtaining appraisals and financing.Defined benefit and multi-employer plan liabilities.Arrangements with 3(38) and 3(21) fiduciary managers and advisors.Investments in private equity funds, hedge funds, real estate funds, collective investment trusts, infrastructure funds.Investment Management Agreements for separate accounts.Pharmacy Benefit Management (PBM) arrangements.Coverage and nondiscrimination testing support.Pension, profit sharing, stock bonus plans and 403(b) plans. ![]() Public disclosure and reporting requirements for publicly held companies.Supplemental executive retirement plans.Non-qualified deferred compensation (Section 409A).Equity and phantom equity compensation plans.News – Best Lawyers in Litigation – ERISA (National Tier 2, Regional Tier 1 Cleveland) and Employee Benefits (ERISA) Law (Regional Tier 1 Cleveland). News – Best Lawyers ® “Best Law Firms” RankingsĬalfee was selected for inclusion in the 2023 "Best Law Firms" rankings by U.S. The team has a strong knowledge of benefit plans and amazing ability to link things together." I value responsiveness, and they have delivered that on a consistent basis. I have been impressed by the team and have strong confidence in its work and capabilities. They are thorough, creative and responsive. My company is extremely satisfied with the work Calfee has done for us. The lawyers' timeliness, as well as their knowledge of our business make them a critical partner to us. The team knows our business well after years of service. The lawyers have represented our interests very well in discussions and negotiations with third parties. Well equipped to advise clients on compliance with fiduciary rules and other regulations."Ĭlients interviewed by Chambers USA researchers commented, "The firm is very responsive and offers hands-on involvement from partners. Noted capabilities in ESOPs, ERISA litigation and M&A-related issues. Chambers USA researchers stated the team is a "Respected group that works with a range of clients, including nonprofit organizations, public entities and private corporations. Chambers USA 2022 Band 2 Ranking in Employee Benefits & Executive Compensation (Ohio)Ĭalfee's Employee Benefits and Executive Compensation group is consistently recognized by Chambers USA. ![]()
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