Distinctive clients, discreet needsBakerHostetler designs customized benefits and compensation programs for hundreds different types of clients with thousands of unique situations. We develop plan documents for businesses with bargaining employees—from large multinational corporations or privately held businesses to smaller entrepreneurial ventures.
How we work togetherWe work together with clients to develop and maintain creative programs that meet the business objectives of management—including the key strategic objective of attracting and maintaining a productive workforce.
Our employee benefits and executive compensation team includes benefits, litigation, business, employment, bankruptcy, securities, and tax attorneys who provide comprehensive counsel to meet distinct client needs. We work successfully with all levels of management, from the boardroom to the production floor, and with our clients' human resources, legal departments, corporate offices and bargaining unit representatives.
Recently, the world's largest producer and distributor of laboratory equipment and furniture, engaged BakerHostetler to review its employee benefits functions and operations worldwide. Our employee benefits attorneys worked with labor and employment attorneys in all of our offices to help the client reduce benefits costs and improve procedures.
Comprehensive servicesOur employee benefits and executive compensation team has extensive knowledge of the complex web of intertwining federal and state laws, as well as courtroom litigation experience and administrative experience dealing with governmental agencies. We have represented client interests before the U.S. Department of Labor, the Internal Revenue Service, the National Labor Relations Board, the Equal Employment Opportunity Commission, the Pension Benefit Guaranty Corporation, the Securities and Exchange Commission, and others. Our team works effectively with attorneys in our national Litigation Group, with clients' legal departments or other counsel.
Defense of benefit plan fiduciariesWe have significant experience in defending fiduciaries concerning challenges of their stewardship and management of plan assets. We provide counsel and representation to pension plan investment managers, financial institutions, those with accounting responsibilities and others who come under scrutiny as a result of plan asset losses.
Complex class action litigationWe represent businesses in complex class action litigation involving such matters as retiree health care, or complicated, systematic pension benefit calculation cases with thousands of affected participants.
Confidential workforce adjustment counselDuring challenging economic times, when workforce reorganization, reassignment or reduction is required, many clients take advantage of our client-attorney protected counsel—an aspect of our counseling service that cannot, by law, be provided by consulting or accounting firms.
We help mitigate the risk of employee law suits under the ADA, the ADEA, or the Older Workers Benefits Protection Act. Our depth of experience also extends to benefits and pension issues related to both voluntary and involuntary separation programs.
Qualified plan complianceWe routinely assist clients in establishing the following—designing, amending, qualifying and terminating:
Special pension plansWe represent management, labor and governmental interests in the negotiation, establishment and administration of public pension plans, church plans, multiemployer (Taft-Hartley), and exempt organization plans.
Private equity We counsel numerous private equity issuers, from venture capital funds to REITs and real estate operating companies where ERISA plans or other benefit plan investors are involved.
A team of nearly 20 benefits professionals across the U.S., working closely with our employment law and tax law practices.
Recognized national leadership at designing Qualified Separate Lines of Business (QSLOB) plans for customized plan management in large corporations.
Significant experience defending plan fiduciaries against challenges to their management of plan assets.
Design customized benefits and compensation programs for hundreds of clients with thousands of unique situations.
Chambers USA lists three team members as leading practitioners in this area of law.