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Employee Benefits

The largest practice of its kind in Puerto Rico, regularly called on to counsel clients on everything from retirement plans to executive compensation issues

Overview

The McConnell Valdés Employee Benefits Practice group is the largest of its kind in Puerto Rico. Our team of attorneys - some of which are exclusively dedicated to this practice - offers clients timely and cogent counsel on a highly regulated and complex field.

As federal and Puerto Rico employee benefits laws and regulations change, we take a proactive approach in advising clients on everything from executive compensation issues to retirement plans. – so that they can attain critical business and human resources goals.

More than 100 clients have turned to us for guidance on U.S. and Puerto Rico employee retirement plans. We help them choose and create retirement plans that fit their particular circumstances.

Our clients are prominent manufacturers, retailers, financial service professionals, hospitals and medical service providers, venture capitalists, educational institutions, regulated utilities, not-for-profit and government organizations. We work closely with them to identify issues that impact their benefit programs – and craft solutions that fulfill their benefit needs.

We represent our clients interests through lobbying efforts and by assisting in the drafting of laws and regulations such as the retirement plan provisions in the Puerto Rico Internal Revenue Code of 2011.

What We Do

The McConnell Valdés Employee Benefits team:

  • Drafts documentation that governs retirement plans, ensuring that they meet criteria for favorable tax treatment and comply with legal requirements
  • Amends employee benefit plans
  • Assists clients with terminating benefit plans
  • Drafts and implements a full range of executive compensation packages
  • Advises clients on employee benefits and executive compensation aspects arising from corporate transactions such as mergers and acquisitions, as well as workouts and reorganizations
  • Advises clients on Puerto Rico and federal tax issues affecting employee benefit plans.
  • Counsels clients on ERISA issues
  • Provides tax advice on employment matters such as severance and settlement payments

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