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Seyfarth Shaw LLP

620 8TH AVENUE, 32ND FLOOR, NEW YORK, NY 10018-1405, USA
Work +1 212 218 5500
Fax +1 212 218 5526
Atlanta, Boston, Chicago, Hong Kong, Houston, London and 9 more

Richard Schwartz

Work (212) 218-5516
Seyfarth Shaw LLP

Work Department

Employee Benefits & Executive Compensation Department


Mr. Schwartz is a partner in the Employee Benefits & Executive Compensation Department of Seyfarth Shaw LLP. His practice involves all aspects of employee benefits law, including plan design of both pension and welfare plans under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. A significant part of his practice involves the special tax and ERISA rules that apply to tax-exempt, nonprofit organizations. Mr. Schwartz's experience includes the following: • Designs and implements "top-hat" plans, non-qualified deferred compensation arrangements, and severance plans developed in connection with reductions-in-force. • Advises clients with respect to tax-qualified plans, and has significant experience negotiating and resolving tax qualification defects, fiduciary breaches, and delinquent filling issues under the Internal Revenue Service and Department of Labor voluntary compliance programs. • Advises employers on employee benefit implications of corporate affiliations, particularly in the health care industry, such as affiliations among hospitals, physicians and management service organizations. • Counsels clients on corporate matters relating to tax-exempt and nonprofit organizations. Mr. Schwartz regularly lectures around the country and authors articles on various aspects of ERISA and employee benefits law. He has appeared as a guest commentator discussing portability of health insurance and other benefits issues on Court TV's Legal Café.


LL.M., New York University School of Law (1990); J.D., Boston University School of Law (1986); B.A., Queens College (1983) City University of New York

United States: Labor and employment

Employee benefits, executive compensation and retirement plans: design

Within: Employee benefits, executive compensation and retirement plans: design

According to one client, the ‘down-to-earth’ team at Seyfarth Shaw LLP has ‘a level of knowledge and professionalism that far exceeds all expectations’. A standout mandate for the practice included Richard Schwartz advising David Yurman Enterprises on certain 401(k) and executive compensation agreements; senior counsel Richard Loebl and associate Chelsea McCue in New York were also involved in this matter. Chicago-based Jonathan Karelitz and Jennifer Neilsson act as outside counsel in relation to RR Donnelley’s employee benefit plans, while New York-based Randell Montellaro provides ongoing advice to Northwell Health on a range of issues including 403(b) plans, 457(b) plans and required submissions to the IRS and DOL. Schwartz and Howard Pianko (also based in New York) provide ongoing qualified and non-qualified retirement and executive compensation plan advice, as well as benefit plan consolidation advice to multi-hospital system the University Hospitals Health System. Chair Robert Flanagan and Diane Dygert (chair-elect as of 2019) jointly head the practice from the Chicago office.

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