Shipman & Goodwin LLP

  • Established in 1919
  • Firm Size 188
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old Employee Benefits

Shipman & Goodwin’s Employee Benefits practice has earned a reputation for quality service that attracts a diverse and sophisticated clientele that includes public and private companies, municipalities and nonprofit entities.

The employee benefits arena is governed by ERISA, the Internal Revenue Code, and a host of complex regulations and rulings released by various federal agencies. In this environment, creating and effectively maintaining benefit plans and programs can be a challenging task for any employer. Our employee benefits attorneys interpret and apply these laws to help our clients develop a benefit structure tailored to their needs.

We work actively with employers to design, draft and assist in the ongoing administration of 401(k) plans, profit sharing plans, traditional defined benefit, cash balance and money purchase pension plans, tax-sheltered 403(b) annuity plans, employee bonus plans and severance plans. Our attorneys advise on tax law requirements (including correction of operational errors in plan administration through IRS correction programs) and ERISA fiduciary and investment implications. We also have extensive experience counseling employers with respect to the treatment of benefit plans in corporate transactions.

In addition, our attorneys advise employers on issues relating to health and welfare plans, including insured and self-insured medical plans, "VEBA" and "OPEB" trusts, cafeteria plans, wellness programs and incentives, flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and high deductible/health savings account (HSA) arrangements—including tax and ERISA implications and compliance with COBRA and HIPAA rules.

We also counsel companies that provide services in the employee benefits industry, such as third-party administrators, prototype sponsors, trustees and other fiduciaries.

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Peer Reviews

4.6/5.0 (365 reviews)
  • Legal Knowledge

    4.6/5.0
  • Analytical Capability

    4.6/5.0
  • Judgment

    4.6/5.0
  • Communication

    4.6/5.0
  • Legal Experience

    4.6/5.0
  • 5.0/5.0 Review for Andrew Davis by a Partner on 03/05/14 in Environmental Law

    Andrew Davis is an attorney of the highest caliber. He understands the business objectives of his clients and works with them to achieve those objectives. He is skilled in explaining complex legal and technical concepts in a manner that is easy for... Read more

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  • 5.0/5.0 Review for Joseph Stephen III by a Associate/Assistant General Counsel on 09/19/13 in Private Equity

    I am Assistant Vice President and Senior Counsel with a Fortune 500 company and have used Dormer on various M&A and private equity transactions. Dormer is an experienced business lawyer, highly knowledgeable about venture capital and private equity... Read more

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Diversity

Shipman & Goodwin is committed to diversity and inclusiveness within the firm, the legal profession and the community. We value the unique backgrounds and distinct contributions of all individuals; our deep commitment is reflected in our efforts to promote understanding, advancement and empowerment.

Our firm management, Diversity Committee and other key members of the firm collaborate to emphasize action. We support ongoing initiatives to recruit, mentor and retain a diverse team of attorneys and staff. We sponsor organizations and develop events that share perspectives and raise awareness of diversity issues facing organizations and the community. We serve as leaders and partner with others to increase diversity in the legal profession.

 

Our Policy

 
One of our core values and objectives is to foster a diverse and inclusive workplace and to develop the outreach initiatives needed to ensure that such values and objectives are shared by everyone at our firm. Diversity, to us, means recognizing, accepting and including differences, such as race, gender, and sexual orientation. Our Strategic Plan recognizes that our continued success depends upon our ability to recruit, hire, train, mentor and retain excellent and diverse attorneys and staff. Maintaining an inclusive organization where all feel welcomed and empowered to succeed enables us to provide the breadth of experience and perspective that best serves our ever more diverse clientele and community.
 

 

Commitment

 
We have a tradition of supporting diversity initiatives both within and outside of the Firm. Among the first large Connecticut law firms to have a woman partner, we have been a leader in addressing and advancing women’s causes in the legal profession, and continue to have the highest percentage of female partners among large firms in Connecticut. We assisted in the formation of the Connecticut Lawyers Group on Minority Hiring and Retention in the late 1980s and were an original signatory of the Statement of Sixteen Connecticut Law Firms Regarding the Hiring and Retention of Minority Lawyers in January 1991. The principles of that Statement helped guide us in developing our hiring, mentoring and retention programs and policies to attract and retain diverse legal and non-legal personnel.

In 1993, we established our Diversity Committee, comprised of partners, associates and staff. The Diversity Committee’s original and ongoing mission includes three essential initiatives: (i) to act as a study group and to conduct programs to educate the Firm concerning diversity issues and to suggest diversity policies to implement at the Firm; (ii) to sponsor Firm-wide outreach activities and events, as part of our effort to increase the number of diverse attorneys at the Firm; and (iii) to act as a resource on diversity matters for the Management, Hiring, and Associates Committees, as well as other groups in the Firm. For 15 years, the Diversity Committee has pursued these initiatives and the Firm’s commitment to diversity and inclusiveness.

Together with other members of the Lawyers Collaborative for Diversity and diversity-based law school and bar organizations such as the South Asian Bar Association of Connecticut, the George W. Crawford Black Bar Association, the Black Law Students Association at the University of Connecticut School of Law, the Connecticut Hispanic Bar Association, the Lambda Law Society at the University of Connecticut School of Law, and the Connecticut Asian Pacific American Bar Association, we continue to work to make Connecticut an attractive environment for all lawyers and law students within which to thrive.

 

Diversity Team

 

Women at the Helm

Women attorneys and clients prosper at the firm. Nearly half our associates, 30 percent of our partners and many of our most valued clients are women. To celebrate this array of accomplished women, we are proud to present the Women at the Helm Breakfast Series. Our goal is to bring together diverse and talented women to share ideas and inspiration. At each seminar, a dynamic woman in business, government, medicine, education or the arts will share her insights and experience.

 

 

 

 

 

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