- Overview
- Experience
- News & Media
- Events
- Affiliations
Overview
Mark’s practice includes all aspects of employee benefits, including both tax and ERISA issues that arise in connection with employee benefit plans for both large and small clients. Mark advises employers on the design of their qualified pension plans, including 401(k), 403(b), and 457 plans. Mark also designs and drafts nonqualified deferred compensation plans, such as Supplemental Executive Retirement Plans, and assures compliance with IRC Section 409 A, which governs nonqualified arrangements. Mark also has experience in structuring golden parachute, change in control arrangements.
Mark provides assistance to employers with COBRA and HIPAA issues affecting health plans. Mark is also a frequent lecturer on how the Affordable Care Act affects employer health plans and is assisting employers with compliance for their plans.
Before coming to Carmody, Mark worked for 19 years as in-house counsel at a major life insurance company where he advised on the benefit plans sponsored by the company, including 401(k), cash balance, nonqualified, and welfare plans.
Experience
- Advising employees on retirement plan compliance with SECURE Act
- Successful IRS and Department of Labor correction filings for pension, 401(k) and 403(b) plans
- Secured a complete waiver of reporting penalties under the Affordable Care Act for an employer
- Drafted wrap plans for welfare benefit plans sponsored by employers
- Assisted employers with 280G golden parachute change in control calculations
- Revision of Summary Plan Descriptions for union and salaried pension and 401(k) plans
- Drafted and reviewed investment policies for 401(k) plans
- Advised municipality on transition out of a defined benefit plan arrangement
- Assisted employers on compliance with the Affordable Care Act mandates
- Advised on ERISA fiduciary compliance for retirement programs
News
- Withholding for Remote Employees Working in Other States (And Other Fun Scenarios)
- FAQs on the New COBRA Subsidy
Blogs
- Department of Labor Warns Against Crypto in 401(k) Plans
- The U.S. Supreme Court Clarifies ERISA’s Fiduciary Duties to Monitor All Plan Investment Options
- Important New Requirements for 401k Plans—Is Your Plan Compliant?
- Health Plan Reimbursement of Over-the-Counter COVID-19 Tests
- Prepare for the 2022 ACA Reporting Deadlines
- Increase in Plan Limits for 2022
- Vaccine Incentives and Surcharges in Health Plans: The HIPAA Police Weigh In
- Consolidated Appropriations Act of 2021-Retirement Plan Provisions
- COVID-19 Vaccines Go to Work
- Substantial Relief Provided to Employees with Unused Health Flexible Spending Accounts or Dependent Care Accounts Benefits under Recent Stimulus Bill
- Employee Benefits Cost-of-Living Adjustments for 2021
- SCOTUS Expands Exemptions to ACA Contraceptive Mandate For Employers With Moral or Religious Oppositions
- The Families First Coronavirus Response Act
- Supreme Court Will (Again) Review Affordable Care Act
- Federal Law Changes the Legal Landscape for Retirement Plans
Events
- The New Employee Benefits Landscape: What’s Changed and What’s Ahead
- 2021 Annual Labor & Employment Seminar
- Pay or Play - This Year, Getting It Wrong Could Be Very Costly
- Affordable Care Act, Labor & Wage Law Update and Connecticut's Data Security Law
- DOL Fiduciary Proposal Seminar
- Greater New Haven Chamber of Commerce Human Resource Council Retirement Panel
- Hot Topics in Employment Law
- Human Resources Roundtable Breakfast Series: ACA and ERISA Basics
- Human Resources Roundtable Breakfast Series
- COBRA: A Brief Review
- Human Resources Roundtable Breakfast Series: ACA Reporting and NLRB Employee Handbooks
- What the Affordable Care Act Means for Employers
Affiliations
- Connecticut Bar Association, Labor Section, Tax Section
- Waterbury Bar Association
Community
- Board Member, Wood Memorial Library, South Windsor, Connecticut
- United Way of Greater Waterbury, Past Board Member