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  • Overview
  • Experience
  • News & Media
  • Events
  • Affiliations

Overview

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 provides assistance to employers with COBRA and HIPAA issues affecting health plans. Mark is also a frequent lecturer on how the Affordable Care Act affects employer health plans and is assisting employers with compliance for their plans.

Before coming to 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.

Experience

  • 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

Affiliations

  • Connecticut Bar Association, Labor Section, Tax Section
  • Waterbury Bar Association

Community

  • Board Member, Wood Memorial Library, South Windsor, Connecticut
  • United Way of Greater Waterbury, Past Board Member

Events

Time to Turn Out the Lights? Lawyers’ Ethical Path to Retirement or Closing a Law Firm

12:00pm The Greater Bridgeport Bar Association

What You Need To Know About Cannabis & Ethics in Connecticut

12:30pm Fairfield County Bar Association