Practice Areas
Representative Matters: Employee Benefits
These are some of the customized employee benefits plans created by our attorneys:
- A 457(f) plan for a nonprofit corporation that allowed key executives to defer up to $50,000 per year in a Rabbi Trust to augment their qualified retirement plans.
- A stock option plan containing incentive stock options, non-qualified stock options and a stock bonus component that allowed employees to exercise their stock options without paying any cash.
- A 457(b) plan designed for a nonprofit association that enabled key employees to defer taxes by contributing a portion of their salary to the 457(b) plan in addition to the amount they contributed to the association’s 401(k) plan.
- A cafeteria plan designed for a successful privately held business that worked in concert with the company’s health insurance program and allowed employees to select the benefits they most needed from a group of options.
- A “group-based” profit sharing plan for a law firm with more than 80 lawyers designed to provide larger retirement benefits to certain key attorneys and long-term staff employees.
News
March 21, 2023
Michelle Chapin’s Article on the Use of Arbitration Causes in Trusts is Published by the MSBA’s Estate & Trust Law Section
Michelle Chapin, a Principal in Paley Rothman’s Estate Planning department, authored an article titled "(Un)Enforceability of Arbitration Clauses in Maryland Trusts" in the MSBA's Estate & Trust Law Section Newsletter Volume 29 Issue 1.
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Sec. Deb Haaland – First Native American in the Cabinet
Sec. Deb Haaland is the first Native American to serve in the President’s cabinet and has been instrumental in bringing attention and action to the horrific incident rate of...
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