Proactive support for employers on workforce issues
DLA Piper provides a full range of business legal services with respect to employee benefits and executive compensation matters.
Our practice is broad based, covering the design and implementation of qualified retirement plans; compliance with regulatory requirements under ERISA, the Internal Revenue Code, and federal securities laws; ERISA litigation; complex pension fund investments; employee stock ownership plan transactions; welfare benefit plan issues; and the design, implementation, and administration of nonqualified deferred compensation and stock option plans.
The scope of our practice provides our lawyers with deep insights into all aspects of an employer’s benefit programs. Similarly, the firm’s experience in representing health care organizations provides additional insights in representing employers with respect to their group health plans.
Our clients include publicly traded, large privately held, small business, governmental, and tax-exempt entities, as well as internal and external plan fiduciary, financial institutions, trade associations, insurance companies, government retirement plans, health care organizations, and employee benefit and executive compensation consulting and administration firms.
- Advised Halma Holdings, a USD2 billion global group of safety equipment companies, on all day-to-day benefits administration in the US and globally including advising the retirement plan committee on ERISA and fiduciary governance matters as well as the current restatement of its retirement plan document. Our counselling includes questions regarding benefit claims, COBRA matters and recent CARES Act mandates.
- Represented New York University (NYU) in a series of high-profile class actions. Retirement plan participants brought an action on behalf of a class of over 20,000 staff seeking more than USD350 million in damages stemming from allegations that NYU violated ERISA in connection with the selection and maintenance of certain retirement plan offerings.
- Represented a multibillion-USD, multinational pharmaceutical and biotech company in connection with all benefits and executive compensation work. This work includes all representations for the pension committee, fiduciary work and tax-related issues.