Compensation and benefits arrangements — for current, former and retired employees — have long played an important role in the employer-employee relationship. In today’s changing economic and regulatory climate, however, employers must develop innovative approaches that balance current business and financial realities with the need to remain an employer of choice.
Troutman Sanders’ employee benefits and executive compensation lawyers provide employers with practical and creative legal counsel. Together with our enrolled employee plan agents, we advise clients on the complex issues arising in connection with the design, administration, defense and termination of employee compensation and benefit plans and arrangements. We craft solutions that address a myriad of governing laws, including ERISA and certain tax, employment and securities laws.
Our experience extends across the full spectrum of employee compensation and benefits, including the following:
Our clients include publicly traded and privately held businesses of all sizes, as well as tax-exempt entities and governmental employers in numerous business and industry segments, including aerospace, energy, financial services, healthcare, insurance, manufacturing and telecommunications. We also work extensively with boards of directors, compensation and investment committees, plan fiduciaries, plan administrators and other benefits consultants. We strive to develop long-term personal relationships with our clients to assist us in understanding their business and competitive landscape, as well as their culture, values and business objectives. This informs our counseling and enables us to add valuable insight and historical knowledge and context.
Our extensive experience and long-term relationships with clients have given us a first-hand look at the evolution of businesses, and the employee benefits and compensation challenges they face. We have partnered with our clients on employee compensation and benefit plan matters throughout the various business cycles: from start-up to going public (and going private again), in good economic times and bad, during bankruptcies, reorganizations, mergers and acquisitions, and in the midst of hiring and right-sizing. At all times, we deliver our services effectively and efficiently.