Summary: Our employee benefits team provides comprehensive ongoing counsel to a publicly traded bank and financial services firm with over $1.5 billion market cap. We advise on complex retirement and welfare plans covering 3,000+ participants and $200+ million in assets, including sophisticated employer stock arrangements.
The Challenge: Our client needed comprehensive employee benefits counsel across a complex corporate structure including multiple subsidiaries and joint ventures. The engagement required expertise in sophisticated retirement plan management involving publicly traded employer securities, self-insured medical plan administration, and multiple-employer welfare plan coordination. The client also needed ongoing support for incentive compensation design, M&A transaction diligence, and ERISA compliance guidance for their benefit brokerage operations and clients.
Our Strategy: We assembled a dedicated employee benefits team to provide ongoing comprehensive counsel across all aspects of the client's employee benefit programs. Our approach focused on managing the complexities of a 401(k) plan with publicly traded employer securities while ensuring compliance across multiple plan types and corporate entities. We developed specialized expertise in the client's self-insured medical plan operations and created efficient multiple-employer welfare plan structures for subsidiary coordination. Our team integrated seamlessly with the client's M&A activities, providing essential diligence and transition support while delivering ongoing ERISA guidance for their benefit brokerage operations.
The Result: We successfully established a comprehensive employee benefits counsel relationship supporting over 3,000 plan participants and $200+ million in retirement plan assets. Our ongoing guidance ensures optimal compliance and administration across complex plan structures involving publicly traded employer stock while supporting the client's growth through M&A activities. The relationship demonstrates our ability to serve as trusted ongoing counsel for sophisticated financial services organizations with complex, multi-subsidiary benefit plan needs and substantial fiduciary responsibilities.
