Sandra G. Rolitsky

Counsel

Cleveland
T +1.216.861.6165
F +1.216.696.0740

Overview

Sandra Rolitsky focuses her practice on employee benefits. With more than 20 years' experience advising employers about their benefit programs in the design and implementation phase, in the context of mergers and acquisitions, in the midst of IRS and Department of Labor audits, and in response to changes in law, her goal is to understand each client's objectives and provide advice and counsel toward meeting those objectives.

Sandra advises on a wide range of employee benefits and executive compensation issues, including the treatment of benefit arrangements in corporate transactions, the correction of qualified plans under IRS correction programs, Employee Retirement Income Security Act (ERISA) fiduciary compliance, and the application of Code 409A to deferred compensation plans and executive agreements.

Select Experience

  • Provided counsel to a publicly traded manufacturing company on all compensation and benefits aspects of a going-private transaction in which the company became a wholly owned affiliate of a private equity firm. The deal involved 150 employees, stock options, deferred compensation, qualified retirement plans, group health plans, and other compensation and benefits.
  • Counseled a state university in correcting its Code 403(b) plan for the failure to satisfy the "universal availability" requirement by which all employees, with limited exception, must be allowed to make elective deferrals if any employee is permitted to do so under the plan.
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Experience

  • Provided counsel to a publicly traded manufacturing company on all compensation and benefits aspects of a going-private transaction in which the company became a wholly owned affiliate of a private equity firm. The deal involved 150 employees, stock options, deferred compensation, qualified retirement plans, group health plans, and other compensation and benefits.
  • Counseled a state university in correcting its Code 403(b) plan for the failure to satisfy the "universal availability" requirement by which all employees, with limited exception, must be allowed to make elective deferrals if any employee is permitted to do so under the plan.
  • Counseled trustees of a multi-employer pension plan on the trust's investment in a hedge fund subject to the ERISA plan asset regulations (as a result of equity plan investors holding 25 percent of the fund). Negotiated a side agreement between the fund manager and the trustees to provide additional protections for the plan. 
  • Performed a Code 409A internal audit of a complex nonqualified deferred compensation program and identified areas for potential correction and follow-up.

Recognitions and Memberships

Prior Positions

  • Deloitte Consulting LLP, Washington Rewards Policy Center of Excellence: Manager (2007 to 2013) 
  • Calfee, Halter & Griswold LLP
    • Partner (2004 to 2007)
    • Associate (1999 to 2004)
    • Senior Attorney (1994 to 1999)  
  • The Huntington Trust Company: Assistant Vice President (1991 to 1994)

Admissions

  • District of Columbia
  • Ohio
  • Michigan

Education

  • J.D., University of Detroit Mercy School of Law, 1980; Articles Editor, University of Detroit Journal of Urban Law
  • B.A., Psychology, University of Michigan