Large and mid-sized employers who maintain employee benefit and executive compensation plans are likely to require the assistance of one or more professional advisors to assure their plans accurately reflect and support their organizational goals. These plans need to be properly documented, administered in accordance with those documents, and operated in compliance with applicable law. Sophisticated employers look for employee benefits counsel who will become their partners in legal compliance and provide effective advice to support their organizational goals.

Verrill’s Employee Benefits & Executive Compensation Group provides highly collaborative legal services oriented toward mid-sized and larger employers, whether they are for-profit or non-profit, in a wide range of industries. We are personally engaged in every client relationship, seeking to understand each client’s immediate needs, long-term goals, and risk tolerance so we can deliver practical advice within the framework of legal compliance.

We counsel employers in all relevant aspects of ERISA, the Internal Revenue Code, and other laws that govern the form and administration of retirement plans, health and welfare benefit plans, executive compensation arrangements, equity-based compensation programs, and fringe benefit plans. Our institutional client base includes community hospitals and regional health care systems; colleges and universities; employee-owned construction companies and publicly traded biotech companies; multinational banking and financial organizations; and churches and church-affiliated organizations. All our client relationships are characterized by collaboration and longevity. A service team typically includes at least two attorneys to promote highly responsive and reliable service. Whether interactions are weekly, monthly, or less frequent, we collaborate with our individual client contacts and seek to provide the one-on-one support that allows them to proceed with confidence.

The technical abilities of individual lawyers in the Employee Benefits & Executive Compensation Group, and of the group as a whole, have been recognized in The Best Lawyers in America, Chambers USA: America’s Leading Lawyers for Business, New England Super Lawyers and by Martindale-Hubbell. What sets us apart is our strong commitment to providing highly-accessible, value-added advice and building long-term relationships with our clients.

Firm Highlights

Blog

UPDATED: Summer Break - Massachusetts Employers Get Extension on Paid Family and Medical Leave Implementation

UPDATE: The Massachusetts Department of Family and Medical Leave announced that along with the start of contributions being delayed from July 1, 2019 to October 1, 2019, the following aspects of the program are...

Publication/Podcast

Verrill Voices: Live Interviews from the 2019 Annual Employment Law Update

This podcast, recorded live at Verrill Dana’s Annual Employment Law Update, not only dives into important topics for HR professionals and business leaders presented at the event, but also features live interviews conducted by...

Publication/Podcast

December 2018 Client Advisory

Click here to view as a PDF . This Client Advisory highlights important developments in the law governing employee benefit plans and executive compensation over the past year. It offers insight into what these...

Blog

Who is a Highly Compensated Employee?

Identifying an employer’s highly compensated employees is crucial to the administration of qualified retirement plans, as well as 403(b) plans that provide employer contributions. This post provides an overview of the rules for determining...

Blog

Revenue Procedure 2019-19: Enhancements to EPCRS are Great News for Plan Sponsors

Newly published Revenue Procedure 2019-19 modifies and supersedes prior IRS guidance regarding the Employee Plans Compliance Resolution System (EPCRS) to allow plan sponsors to self-correct an expanded number of problems that may affect retirement...

Blog

403(b) Plans Must Comply with the “Once In, Always In” Rule This Year

Tax-exempt employers whose 403(b) plans have failed to comply with the “once in, always in” eligibility rule in the past should be well on their way to compliance by now. IRS Notice 2018-95 granted...

Publication/Podcast

2019 Annual Employment Law Update Materials

On Thursday, January 31, members from Verrill Dana's Labor and Employment group, as well as some from the Employee Benefits & Executive Compensation group, conducted a full-day seminar full of employment law related topics...

Blog

Plan Sponsors: You Should Have a Model QDRO

ERISA Section 206(d)(3)(G)(ii) requires sponsors of qualified retirement plans to maintain written procedures for the administration of qualified domestic relations orders (“QDROs”), and the plan administrator has an obligation to ensure that a domestic...

News

61 Verrill Attorneys Honored as Best Lawyers, 12 as Lawyers of the Year

(September 3, 2019) – More than 60 Verrill attorneys were once again recognized as “Best Lawyers” by Best Lawyers® 2020 . In addition, 12 attorneys from the firm were named “Lawyer of the Year,&rdquo...

Blog

Recap of Change to Retirement Plan Rollover Rules for Plan Loan Offsets

The Tax Cuts and Jobs Act of 2017 (“2017 Tax Act”) includes a provision that changed the rollover rules for certain plan loan offset distributions and that may not be well known to retirement...