Summary: Our employee benefits team provided comprehensive ongoing counsel to a publicly traded bank and financial services firm with over $2.8 billion market cap. We advised on complex retirement and welfare plans across a sophisticated corporate structure including multiple subsidiaries and joint ventures, delivering integrated solutions for all employee benefits matters.
The Challenge: Our client required comprehensive employee benefits counsel across a complex multi-entity corporate structure encompassing insurance, brokerage, and financial services subsidiaries and joint ventures. The engagement demanded expertise in sophisticated retirement plan management involving publicly traded employer securities, self-insured medical plan administration, and multiple-employer welfare plan coordination across various corporate entities. The client also needed ongoing support for incentive compensation design, M&A transaction support, vendor contract negotiations, and ERISA compliance guidance for their benefit brokerage operations serving both internal and external clients.
Our Strategy: We assembled a dedicated employee benefits team to provide comprehensive ongoing 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 to coordinate benefits across subsidiaries. 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 and negotiating favorable vendor contracts.
The Result: We successfully established a comprehensive, ongoing employee benefits counsel relationship supporting a sophisticated publicly traded financial services organization with over $2.8 billion market cap. Our integrated approach 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 major financial services organizations with complex, multi-subsidiary benefit plan needs, substantial fiduciary responsibilities, and diverse service offerings requiring sophisticated employee benefits expertise across multiple disciplines.
