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

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 developments...

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...

Blog

DOL Proposes New Electronic Disclosure Rules for Retirement Plans

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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...

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...

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...

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

Final Regulations on 401(k) Hardship Withdrawals

In September, the Treasury Department issued final regulations governing hardship withdrawals from 401(k) plans. The final regulations update the existing 2004 regulations to reflect recent statutory changes made to the hardship withdrawal rules under...

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

39 Verrill Attorneys Named 2019 Super Lawyers and Rising Stars

Verrill Attorney Karen Frink Wolf Again Named One of New England’s Top 100 Attorneys and Top 50 Women Attorneys (December 11, 2019) – The 2019 edition of New England Super Lawyers and Rising Stars...