Large and midsized employers that 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 midsized and larger employers, whether they are for-profit or nonprofit, 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

Publication/Podcast

Courts Expand on Rules Regarding the Protection of Retirement Plan Assets

Blog

New IRS Determination Letter Program for 403(b) and 401(a) Plans

On November 7, 2022, the IRS issued Revenue Procedure 2022-40 , which allows certain tax-exempt employers (such as schools, charities, and churches) to apply for IRS determination letters on their individually designed section 403(b...

Publication/Podcast

2021 Year End Employee Benefit Plan Amendments

Health and Welfare Plans Employers that made available COVID-19 relief and benefit enhancements in 2020 – such as the increased carry over limit and extended grace period for health flexible spending accounts – need...

Matter

Advised Fortune 500 Company on Group Health and Welfare Benefit Plans

We were engaged by a Fortune 500 manufacturing company to provide legal and compliance services regarding its group health and welfare benefit plans. During the course of our representation, we have advised the company...

News

39 Verrill Attorneys Named 2022 Super Lawyers and Rising Stars

Blog

ERISA Section 404(c) Protection: A Refresher for Fiduciaries

The Employee Retirement Income Security Act (“ERISA”) imposes both (i) significant responsibilities on fiduciaries of participant-directed individual account plans, including 401(k) plans, and (ii) personal liability for losses suffered by a plan if those...

Publication/Podcast

Amending Your Retirement Plans this Year for SECURE Act and CARES Act Changes

This post was updated on September 29, 2022. On August 3, 2022, the IRS extended the deadline for retirement plan sponsors to adopt amendments necessary to comply with the Setting Every Community Up for...

Matter

Comprehensive Benefit Plans Representation of Seller in Strategic Acquisition

We represented the largest physician network in Massachusetts in the employee benefits and executive compensation aspects of its acquisition by one of the largest health care companies in the United States. After several rounds...

News

77 Verrill Attorneys Recognized by Best Lawyers® 2023, Including Six Named Lawyers of the Year

Blog

Proposed Changes to Massachusetts Paid Family & Medical Leave Regulations

The Massachusetts Department of Family and Medical Leave has proposed changes to the regulations governing the state’s paid family and medical leave program. The proposed changes are intended to clarify the requirements related to...

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