| Biography:
Steven D. Weinstein is a partner in Proskauer's Employee Benefits and
Executive Compensation Law Group. Steven has been practicing in the employee
benefits field since 1984, representing clients sponsoring single employer and
Taft-Hartley pension and welfare plans. Steven has had extensive experience
advising clients in all aspects relating to pension plan tax qualification and
plan administration, including drafting of plan documents and employee communications;
providing advice relating to corporate acquisitions and mergers; and negotiating
investment management agreements, trust agreements and other plan-related contracts.
In the tax-qualified plan area, Steven has assisted clients concerning the rules
relating to discrimination testing, participation, vesting, cash or deferred
arrangements, plan limitations, and plan distributions.
Steven also counsels a wide array of clients on issues relating to fiduciary
responsibility in connection with the administration and operation of employee
benefit programs, including advice relating to the investment of plan assets,
including the rules governing investment diversification, determination of plan
assets, foreign indicia of ownership, prohibited transactions, and exclusive
benefit and prudence. He also has extensively advised employers in connection
with the implementation of all phases of reduction-in-force programs, including
the drafting of severance plan and related documents and employee communications
required to affect these programs.
Steven has a particular expertise in connection with advising financial services
clients with respect to both their own benefit plans and their obligations under
third party plans for which they provide services. For example, he has advised
many large broker-dealers and insurance companies in connection with all aspects
of their benefit programs, including the offering of their own financial products
under their tax-qualified retirement plans.
Steven also has had significant experience assisting clients in the implementation
and ongoing operation of non-qualified retirement plans and other types of executive
compensation, including stock option and stock appreciation rights plans and
supplemental executive retirement and excess benefit plans. Steven also has
advised clients in connection with executive employment agreements and change
in control or severance arrangements.
Steven graduated (with honors) from the University of Pennsylvania School
of Law in 1984, after receiving a bachelor of arts degree from the State University
of New York at Albany. Steven is a member of the New York State Bar and the
Employee Benefits Committee of the U.S. Chamber of Commerce.
|
