Carolyn M. Trenda

Counsel

Related Content

Practices
Industries
Education
  • University of Notre Dame Law School, JD, 2002
  • University of Notre Dame, BA, History, Government and International Studies, cum laude, 1999
Admissions
  • Illinois
  • U.S. District Court for the Northern District of Illinois
Affiliations

Member, Business Law Section, Employee Benefits and Executive Compensation, American Bar Association

Member, Assistant Vice-Chair (2015-present), Subcommittee on Welfare Plan and EEOC, FMLA and Leaves Issues, Section of Taxation, Employee Benefits, American Bar Association

Member, Steering Committee Member (2015-present), International Pension and Employee Benefit Lawyers Association

Board of Advisors Member, Catholic Charities Archdiocese of Chicago, 2011-present; Legal Assistance Advisory Committee Member, 2008-present, Committee Co-Chair, 2016-present

Carolyn regularly advises public, private and non-profit employers on a range of employee benefits topics. She designs and assists clients with the ongoing administration of tax-qualified retirement plans including defined benefit pension plans, 401(k) plans, 403(b) plans, 457 deferred compensation plans, profit sharing plans and employee stock ownership plans (ESOPs). She routinely helps clients with health and welfare plan matters including plan design and COBRA and HIPAA related questions. She also works with employers to establish and maintain non-qualified, stock option and fringe benefit plans.

Specifically, Carolyn has assisted clients with restructuring retiree medical programs, merging and terminating employee benefit plans, evaluating executive compensation arrangements and negotiating vendor agreements and trust agreements. She often advises employers on employee benefits matters during mergers and acquisitions, including issues related to the compensation and benefits of transferred and terminated employees. She routinely obtains rulings and determinations from the IRS, the U.S. Department of Labor and other government agencies and guides clients through agency audits and the use of government sponsored compliance and correction programs.

Carolyn also counsels employers and employee benefit plan committees on ERISA fiduciary obligations. She frequently publishes articles and speaks on a variety of employee benefits subjects.

In 2001, Carolyn completed the University of Notre Dame Law School's Concannon Program of International Law. While earning her undergraduate degree, Carolyn was a member of the Phi Alpha Theta honor society.

Carolyn M Trenda
vCard
T: +1 312 849 8130F: +1 312 849 813177 West Wacker Drive
Suite 4100
Chicago, IL 60601-1818

Advice to a manufacturing client regarding the redesign and implementation of a retiree medical program. The changes included cost-sharing for current retirees and access-only for future retirees. Provide assessments on litigation risks for various groups affected by the changes. Health reimbursement arrangements and health savings accounts were included with a program of employee/retiree communication and education.

Conduct a compliance review of health and welfare documentation, update summary plan descriptions and coordinate with newly designed wrap plan documents. Separate programs developed for active and retiree groups.

Design and implementation of a new defined contribution retirement plan for an energy company and merged several existing plans into the newly created plan. Facilitated client interaction with the third party administrator and negotiated recordkeeping and trust agreements.

Ongoing representation of global manufacturer’s qualified retirement plans and welfare plans. As this client is continuously acquiring and selling various subsidiaries and plants, we advise them through the employee benefits issues that arise in these transactions, including negotiating the terms of the sale/purchase agreements and administrative/legal considerations regarding plan mergers or terminations.

Creation of equity option plans for growing technology companies.

Co-author, "New Rules on Mid-Year Changes to Contributions under Safe Harbor 401(k) Plans," Employee Benefit Plan Review, Vol. 68, No. 11, 2014
Co-author, "Focus on the Fiduciary – Investment Decisions in Light of New Legislative Safe Harbours and Developing Litigation," International Pension Lawyer, September 2008
Speaker, "Year-End Health and Welfare Plan Round-Up," Hot Topics in Employee Benefits, McGuireWoods Webinar, November 2016
Speaker, "HIPAA for the Rest of Us: What Do Non-Healthcare People Really Need to Know?," HIPAA Webinar Series, McGuireWoods LLP Healthcare Webinar, March 2016
Speaker, "Multi-National Mega Pension Funds: Who’s in Charge? The Rise of Pension Funds as a Form of Global Financial Institution," International Pension & Employee Benefits Lawyers Association 15th International Conference, May 2015
Speaker, "Multiemployer Plan Mass Withdrawal: Looming Liability for Employers," Bloomberg BNA Webinar, September 2014
Co-presenter, "The Pension Plan is Dead – Long Live the Pension Plan," International Pension & Employee Benefits Lawyers Association Benefits Without Borders Conference, June 2014
Speaker, "Pay or Play Under the ACA: What Employers Should be Prepared For in 2014 and Beyond," 12th Annual Business and Legal Issues in Dialysis and Nephrology Symposium, May 2014
Co-presenter, "Withdrawal Liability," American Conference Institute’s 7th National Forum on ERISA Litigation, May 2014
Speaker, "Pension Protection in the Draw-Down Phase: Approaches to Maintaining Pension Longevity," International Pension & Employee Benefits Lawyers Association’s 14th International Conference, May 2013
Panelist, "Ethical Considerations in Health and Welfare Benefit Plans” and “Employment Tax Audits of Fringe Benefit Plans," American Bar Association Joint Committee on Employee Benefits, Health and Welfare Benefit Plans, October 2011
Panelist, "Employees on the Move: Providing Pensions for Internationally Mobile Employees” and "Healthcare Benefits," International Pension and Employee Benefit Lawyers Association Annual International Conference, May 2011
Co-presenter, "Labor and Employment Issues Including 409A," 8th Annual Business & Legal Issues in Dialysis & Nephrology Symposium, McGuireWoods LLP Seminar, May 2010
Moderator, "Facing Defined Benefit Plan Challenges: Issues with Poorly Funded Plans," International Pension and Employee Benefit Lawyers Association Teleconference, December 2009