Sue Odom is a tax attorney who focuses her practice on the area of ERISA, employee benefits, and executive compensation. Sue has worked extensively with all types of employer-sponsored retirement and welfare benefit plans, including pension, profit sharing, 401(k), 403(b), and 457(b) plans, ESOPs, and health, accident, disability, Section 125, flexible spending, and other welfare plans. Her clients include large and small for-profit companies across all industry sectors, non-profit corporations, and governmental entities.
Sue is quick to quip, The life of a tax and employee benefits attorney is not a glamorous one. That said, Sue is very proud of the fact that:
•The IRS and U.S. Department of Labor have reviewed plans that Sue was responsible for maintaining and with respect to which she provided regular legal advice on administrative matters, and those governmental agencies found no identified compliance problems on audit.
•She regularly obtains favorable determinations on qualified plans and newly-formed tax-exempt organizations.
•With solid and proactive fiduciary and business advice, her clients are able to avoid the time and expense of employee benefits litigation.
•Sue has established close personal and professional working relationships with IRS and Department of Labor representatives. Due to the vast number of submissions and compliance matters she has handled over the years, she knows many of the representatives, understands the government processes, and is very comfortable resolving client matters on the phone and in meetings with the IRS and DOL. She also has partnered with leadership at the IRS and DOL as members of a planning committee for the University of South Carolina's Retirement and Benefits Management Seminar.
•She thinks outside the box and works with clients to find business solutions.
Sue firmly believes in handling legal matters as efficiently as possible. She helps to contain costs on these matters by working extensively with our clients' other service providers, including CPAs, auditors, actuaries, administrative firms, brokers and others, playing a leadership role to orchestrate these providers to ensure that the most efficient party is involved with the project.
•Best Lawyers in America - Employment Benefits (ERISA) Law; Tax Law (listed since 2013)
•Leadership Columbia Class of 2004
•American Jurisprudence Awards in ERISA, Partnership Tax, Corporate Tax, Estate and Gift Tax, Income Tax, Products Liability and Legal Research
•Arthur B. Custy Tax Award
Speaking & Writing
•“Top Hat Retirement Plan 'Traps for the Unwary'”
April 29, 2015
•2014 In-House Counsel Ethics Seminar
October 31, 2014
•Employee Benefits Alert: New Developments Impact Retirement Plans & More
December 11, 2013
•Employee Stock Ownership Plans: Innovative and Tax-Efficient Tools to Meet Business Planning Needs
January 7, 2014
•Tax Alert: US Supreme Court Rules Severance Pay Subject to FICA Taxes
March 26, 2014
•Tax Alert: New Executive Compensation Regulations Clarify Timing of Taxation
April 7, 2014
•Tax Alert: Attention Employers Using Pre-Approved Retirement Plans - It's Amendment Time Again!
April 15, 2014
•The Latest on Wellness Programs: EEOC Proposes Rule to Address Legal Hurdles Under the ADA
May 19, 2015
•2016 Deadline to Adopt Updated Pre-Approved Defined Contribution Retirement Plans
October 20, 2015
•Understanding Charities, Foundations, and Tax-Exempt Organizations
December 1, 2015
•(VIDEOS) New Changes to Tax and Benefits Law for 2016
January 4, 2016
•(VIDEOS) You need an employee benefits lawyer when... & Employee Stock Ownership Plans
February 2, 2016
•(Video) Solicitation of Charitable Contributions
February 23, 2016
•Another Win for Wellness: The Erosion of Voluntary Participation
February 25, 2016
•(Video) ERISA Litigation Lessons
March 14, 2016
•Tax Alert: Reminder about Political Activities of Nonprofits
March 18, 2016
•(VIDEO) The Latest Legal Developments Involving Wellness Programs
March 22, 2016
•(Video) Unique Executive Compensation Issues for Tax Exempt Organizations
April 4, 2016
•(Video) Compliance Issues Associated with Section 125 Plans
April 11, 2016
•(Video) Collective Investment Trusts as Retirement Plan Investment Options: Important Tax and ERISA Considerations
April 18, 2016
•An Employer's Compliance Checklist to the EEOC's Final Wellness Program Regulations
June 1, 2016
•Employee Benefit Trends
June 2, 2016
•Employee Benefits for the Generations
June 29, 2016
• New requirement for organizations intending to operate under Section 501(c)(4): Submit Form 8976
July 19, 2016
Sue is a leader in her field and regularly is invited to speak and write about employee benefits. Some of her recent presentations include:
• Hot Topics in Tax and Employee Benefits Law, SCACPA - CPAs in Business and Industry Conference - May 11, 2015
• Legal Considerations for Wellness Programs, SCHA Working Well Spring Meeting - April 29, 2015
• 4 Gotchas and 1 Gimme: Important Developments in Tax and Employee Benefits Law, CPAs in Business and Industry Conference, Columbia, SC - May 15, 2014
• Trends in Executive and Physician Compensation and Benefits NC/SC Healthcare Human Resources Associations Joint Conference, Wild Dunes Resort, Isle of Palms, SC - May 1, 2014
•Appearance on WIS Investigates: The Affordable Care Act in September, 2013
• A Year in the Life of a 401(k) Plan CPAs in Business & Industry Conference, The South Carolina Association of CPAs, Columbia, SC, May 21-22, 2012
• Plan Sponsor Perspectives on Health Care Reform 41st Annual Retirement and Benefits Management Seminar, University of South Carolina's Darla Moore School of Business, Columbia, SC, April 26-27, 2012
• Classifying Workers - Who is Eligible? 2012 National Institue of Pension Administrators Annual Forum & Expo, Las Vegas, NV, April 29-May 2, 2012
• The Classification of Workers and Impact on Benefit Plans 40th Annual Retirement and Benefits Management Seminar, University of South Carolina's Darla Moore School of Business, Charlotte, NC, April 28-29, 2011
• The Economy Takes a Swing at 401(k) Plans & The New 'Normal' for Plan Administration 2010 National Institute of Pension Administrators Annual Forum & Expo, Las Vegas, May 2-10, 2010
•“Employee Benefits: Legalities in Discrimination of Health Benefits 2010 SCACPA Industry Conference, Columbia, SC, October 11-12, 2010
Outside Nexsen Pruet
As a native of Troy, Michigan, Sue regularly is asked: “What brought you down to South Carolina?” Sue is quick to answer: “The sunshine.”
After graduating from Michigan State, Sue fearlessly followed the sunshine down to South Carolina to attend law school. This is in spite of her not knowing a single person residing in the State or ever having spent more than a couple family vacations here. Upon Sue's arrival in the heat of a Columbia, South Carolina summer, Sue fell in love with the State and knew that South Carolina is where she would spend the rest of her days.
Sue now calls Chapin, South Carolina her home, where she resides on Lake Murray with her husband and two children. The Odom family spends every moment they can outdoors boating and swimming in the pool, soaking in the sun.
Sue's love of the sun is only matched by her passion for music. Perhaps appropriately, her maiden and now middle name is “Guitar.”
Sue also thoroughly enjoys spending time with family and friends, going to college football games to cheer on the Gamecocks and the Spartans, traveling, camping and hiking. Ask Sue about her vacation travels sometime - she'll tell you about her adventures.