Larry R. Goldstein

Senior Counsel

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  • University of Michigan Law School, JD, cum laude, 1973
  • Indiana University, AB, with Distinction, Phi Beta Kappa, 1970
  • Illinois

Board of Trustees, 2002-present; Board of Directors, 1992-1999, 2000-2004; Secretary, 1993-1997, North Suburban Synagogue Beth El

Larry concentrates his practice in the area of employee benefits. He counsels employers as to the design and administration of pension, profit-sharing and welfare benefit plans, and as to compliance with the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, including such areas as COBRA administration; structuring investment management agreements; identification of potential prohibited transactions; avoidance of multiemployer pension plan withdrawal liability; determination of required minimum distributions; alternative investments; and filings under the Internal Revenue Service’s Employee Plans Compliance Resolution System.

Additionally, Larry is involved with lawyers in other practice areas of the firm when benefits-related issues arise, including healthcare, labor and employment, mergers and acquisitions, bankruptcy, estate planning and data privacy and security.

Larry R Goldstein
T: +1 312 849 8216F: +1 312 920 369277 West Wacker Drive
Suite 4100
Chicago, IL 60601-1818

Legal due diligence of alternative investments by large pension plan as part of restructuring of its investment portfolio.

Representation of a privately-held company and its shareholders as to employee benefits matters in connection with sale to publicly-traded corporation, including change-in-control agreements, avoidance of golden parachutes and development of employee recognition fund to share sales proceeds with employees.

Representation of a pension fund administrator in connection with application to Department of Labor for prohibited transaction exemption under expedited procedure, to permit in-kind redemption of mutual funds managed by affiliate of administrator.

Representation of a municipality in connection with obtaining initial favorable determination letters from Internal Revenue Service for pension plans in existence for many years.

Creation of a group trust to enable pension plan to avoid potential unrelated business income tax on distributions from investment in real estate fund.

Representation of a liquidating trustee in connection with termination of seven Section 401(k) plans of affiliated bankrupt debtors.

Creation of and obtaining income tax exemption for a trust organized as voluntary employee beneficiary association to provide death benefits to members of union.

Representation of purchaser of hotel in major metropolitan area as to employee benefits and related employment-law matters.

Establishment of qualified separate lines of business to satisfy minimum coverage requirements for qualified retirement plans sponsored by U.S. subsidiaries of foreign parent corporation.

Representation of university in connection with creation of “rabbi trust” for nonqualified deferred compensation arrangement for its president.

Co-author, "New Flexibility For Defined Benefit Plan Sponsors," Law 360, February 21, 2013
Speaker, "Cybersecurity Basics for Employee Benefit Plan Fiduciaries," Hot Topics in Employee Benefits, McGuireWoods Webinar, November 10, 2016
Speaker, The Final Regulations Under the ACA Employer Health Coverage Mandate, McGuireWoods Complimentary Webinar, February 26, 2014
ERISA and Cybersecurity, Password Protected, June 6, 2016