Mark’s practice includes all aspects of employee benefits, including both tax and ERISA issues that arise in connection with employee benefit plans for both large and small clients. Mark advises employers on the design of their qualified pension plans, including 401(k), 403(b), and 457 plans. Mark also designs and drafts nonqualified deferred compensation plans, such as Supplemental Executive Retirement Plans, and assures compliance with IRC Section 409 A, which governs nonqualified arrangements. Mark also has experience in structuring golden parachute, change in control arrangements.
Mark frequently represents employers whose plans have compliance issues before both the IRS and Department of Labor.
Mark provides assistance to employers with Affordable Care Act, COBRA and HIPAA issues affecting health plans.
Before joining Carmody, Mark worked for 19 years as in-house counsel at a major life insurance company where he advised on the benefit plans sponsored by the company, including 401(k), cash balance, nonqualified, and welfare plans.
Connecticut Bar Association, Labor Section, Tax Section
Advising employees on retirement plan compliance with SECURE Act.
Successful IRS and Department of Labor correction filings for pension, 401(k) and 403(b) plans.
Secured a complete waiver of reporting penalties under the Affordable Care Act for an employer.
Drafted wrap plans for welfare benefit plans sponsored by employers.
Assisted employers with 280G golden parachute change in control calculations.
Revision of Summary Plan Descriptions for union and salaried pension and 401(k) plans.
Drafted and reviewed investment policies for 401(k) plans.
Advised municipality on transition out of a defined benefit plan arrangement.
Assisted employers on compliance with the Affordable Care Act mandates.
Advised on ERISA fiduciary compliance for retirement programs.