CHICAGO (November 3, 2010) — Today, McDermott Will & Emery’s Employee Benefits, Compensation, Labor & Employment Practice Group launched its Employee Benefits Blog, which offers timely insights and analysis on employee benefits and human resources developments in their changing legislative and regulatory landscapes. In particular, blog posts describe changes that affect businesses in the areas of:
- Executive Compensation and Benefits including executive pay and governance, nonqualified deferred compensation, golden parachutes, equity programs, and other issues affecting the executive suite. The blog covers executive compensation developments following new legislation, such as the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act and its requirements relating to new Say on Pay and Say on Parachutes provisions, enhanced proxy disclosure, expanded claw back provisions for executive pay, and enhanced Compensation Committee independence.
- Health and Welfare Benefits including health, life, disability, and other welfare and fringe benefit plans for active employee and retiree populations. The blog provides timely developments and insights that relate to the Health Care Reform Act, such as emerging legal questions around grandfathered plans, covered dependents, early retiree reimbursements, and new benefit claim and appeal procedures.
- Retirement Benefits and Funding including pension, 401(k), 403(b), employee stock ownership, cash balance and other tax-qualified retirement plans. The blog distills information on regulatory and legislative developments that require plan administrative changes or plan sponsor consideration, such as new regulatory guidance on Roth 401(k) conversions and on new fee disclosure requirements for participants in account-based retirement plans.
The Employee Benefits Blog is sponsored by the firm’s Employee Benefits, Compensation, Labor & Employment Practice Group, which is headed by David Rogers, in McDermott’s Washington, D.C. office. The blog editors are McDermott partner Diane Morgenthaler and counsel Maureen O'Brien, both based in Chicago.
Mr. Rogers notes, “With the continuing stream of complex and technical employee benefits legislation and regulation, and with the increased globalization of workforces, employee benefit plan administration has become increasingly difficult. Employers and plan fiduciaries must constantly reexamine and redesign employee benefit programs in light of the latest government guidance or case law. This blog distills complex information to assist our clients on an ongoing basis.”
"Making the right strategic decisions about employee benefits and executive compensation issues is imperative to our clients. The Employee Benefits Blog will be one way we can keep our clients current on the leading legal issues challenging employers,” added Ms. Morgenthaler, who recently led a leading employee benefits professional organization. “Outstanding client service is the basis of our practice and a daily priority for McDermott lawyers. Our blog continues our commitment to client service and excellence.”
McDermott lawyers are pioneers in the field of employee benefits. The Firm has been advising clients on a variety of employee benefits and executive compensation matters for more than 70 years. McDermott represents more than 38 Fortune 500 companies and 10 Fortune 100 companies in employee benefits matters on a regular basis. Due to the fact that McDermott’s attorneys are highly specialized and focus their practices in one or two primary practice groups, the Firm can help clients work through complex problems with a level of employee benefits and international proficiency and efficiency not found at most law firms.
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, the Firm has offices in Boston, Brussels, Chicago, Düsseldorf, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C., and a close strategic alliance with MWE China Law Offices in Shanghai.