Steven D. Weinstein is a partner in the Employee Benefits & Executive Compensation Group. He has been practicing in the employee benefits field since 1984, representing clients sponsoring single employer and Taft-Hartley pension and welfare plans.
Steven advises clients in all aspects of 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.
In addition, Steven 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 extensive experience 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 has significant experience assisting clients in the implementation and ongoing operation of non-qualified retirement plans and other types of executive compensation, including supplemental executive retirement and excess benefit plans. He also advises clients in connection with executive employment agreements and change in control or severance arrangements.