Pitfalls abound for employers seeking creative ways to compensate their executives, provide severance, and keep benefits affordable. We advise on compliance with section 409A deferred compensation compliance and help employers provide affordable benefits packages that maintain employee morale while complying with ERISA, COBRA, HIPAA, GINA, the Affordable Care Act, and changing state insurance regulations.
Representative Experience
In two separate class actions, in which Pierce Atwood separately represented Unum Life Insurance Company and Sun Life Assurance Company, the U.S. Court of Appeals for the First Circuit held that using Retained Asset Accounts (RAAs) to pay death benefits claims on group life insurance policies does not violate the Employee Retirement Income Security Act (ERISA), where the policies either require or permit payment by RAA.
More