Rhoads & Sinon maintains an independent trustee/independent fiduciary practice as a component of its Employee Benefits & Executive Compensation practice group.
This practice focuses on middle market companies, needing professional, independent fiduciary services for benefit plans and transactions.
The firm’s independent fiduciary practice is headed by Drake D. Nicholas who has practiced in the ERISA/fiduciary area for over 25 years. Mr. Nicholas primarily accepts engagements on either a single transaction or on a continuing/recurring basis.
Because of his extensive legal background in representing employers, management and other ERISA fiduciaries, Mr. Nicholas is able to provide comprehensive services as an independent fiduciary for a particular transaction requiring compliance with ERISA and other governmental regulations.
Our independent trustee/fiduciary practice is committed to providing the level of interest and attention that a particular transaction requires in order to serve the interests of the plan and its participants including performance of proper due diligence, negotiating on behalf of the plan and taking the right steps to assure that the transaction is fair to the plan and its participants.
Mr. Nicholas has served as an independent trustee in leveraged and non-leveraged ESOP transactions. The most recent transactions on which he has served as independent trustee were acquisitions valued at $12 million and $35 million, respectively.
Mr. Nicholas also serves in an independent fiduciary capacity in transactions requiring the services of an independent fiduciary pursuant to Department of Labor guidelines and requirements.
5.0/5.0 by a Partner on 12/09/09
5.0/5.0 by a Partner on 06/09/14
5.0/5.0 by a Associate/Assistant General Counsel on 05/03/10
5.0/5.0 by a Deputy General Counsel on 07/25/12
5.0/5.0 by a Partner on 05/04/12
5.0/5.0 by a Sole Practitioner on 08/20/11
5.0/5.0 by a Government Counsel on 07/25/12
5.0/5.0 by a Member on 06/20/13
5.0/5.0 by a Judge on 07/08/13
5.0/5.0 by a Partner on 02/17/12
Rhoads & Sinon is committed to enhancing the diversity of our workplace through the recruitment, hiring, retention, training, professional development and advancement of a diverse group of attorneys and employees on the basis of demonstrated merit and performance.
We also strive to maintain and promote an inclusive culture in which individual differences are respected, appreciated, recognized and valued as qualities that strengthen our working environment and contribute to our ability to serve our clients.