Timothy Goodman's practice focuses on assisting employers with executive compensation and employee benefit plans. Employers turn to Tim for advice in the areas of qualified and nonqualified retirement plans (including 401(k), 403(b), 457(b), and 457(f) plans), welfare plans (including cafeteria, dependent care, health FSAs, HRAs, HSAs, parking, and tuition and education plans), severance, and executive compensation. This includes advising employers on responding to benefit claims, answering questions regarding the extension of health coverage under COBRA and state law, assisting them with Form 5500, drafting employee communications, USERRA, complying with the HIPAA privacy and security rules, and worker classification. Employers also turn to Tim for advice on executive compensation and deferred compensation programs.

Tim also advises employers by updating them on legislation (such as the American Recovery and Reinvestment Act, the Pension Protection Act, the American Jobs Creation Act, the Veterans Benefits Improvement Act, and the Sarbanes-Oxley Act). This includes advising employers on the impact of section 409A on nonqualified deferred compensation plans and the COBRA subsidy requirement under the economic stimulus bill. In addition to advice, Tim works with employers on benefit issues that arise in M&A transactions and employer securities in retirement plans. Employers regularly have Tim assist them with plan drafting and design, including plan formation, IRS qualification, administration, merger, and termination of employee benefit plans.