Seth Safra > Proskauer Rose LLP > Washington DC, United States > Lawyer Profile

Proskauer Rose LLP
1001 PENNSYLVANIA AVE, N.W.
SUITE 600 SOUTH
WASHINGTON, DC 20004-2533
DISTRICT OF COLUMBIA
United States
Seth Safra photo

Work Department

LABOR & EMPLOYMENT

Position

Seth J. Safra is co-chair of Proskauer’s Employee Benefits & Executive Compensation Group. Described by clients as “extremely knowledgeable, practical, and strategic,” Seth advises clients on compensation and benefit programs.

Seth’s experience covers a broad range of retirement plan designs, from traditional defined benefit to cash balance and floor-offset arrangements, ESOPs and 401(k) plans—often coordinating qualified and non-qualified arrangements. He also advises tax-exempt and governmental employers on 403(b) and 457 arrangements, as well as innovative new plan designs; and he advises on ERISA compliance for investments.

On the health and welfare side, Seth helps employers provide benefits that are cost-effective and competitive. He advises on plan design, including consumer-driven health plans with HSAs, retiree medical, fringe benefits, and severance programs, ERISA preemption, and tax and other compliance issues, such as nondiscrimination and cafeteria plan rules.

Seth also advises for-profit and non-profit employers, compensation committees, and boards on executive employment, deferred compensation, change in control, and equity and other incentive arrangements. In addition, he advises on compensation and benefits in corporate transactions.

Seth represents clients before the Department of Labor, IRS and other government agencies.

Lawyer Rankings

United States > Labor and employment > Employee benefits, executive compensation and retirement plans: design

(Leading lawyers)

Seth SafraProskauer Rose LLP

The employee benefits and executive compensation team at Proskauer Rose LLP has multifaceted capabilities, advising clients on both complex matters that large organizations face on a day-to-day basis, as well as high value business transactions. The firm is well-known for having a strong geographic focus on the East Coast, particularly in Washington DC and New York. In Washington DC, Seth Safra acts as the practice head and the point of contact for many Fortune 500 companies.. Justin Alex is adept at advising clients on single-employer and multiemployer pension plans. Alex is also based in Washington DC. Working from New York, Michael Album focuses his practice on the full range of executive compensation matters. Robert Projansky, also working from New York, specializes in working on employee benefit matters within the entertainment industry. In New Orleans, Jennifer Rigterink is a specialist in employee benefit tax and ERISA issues. In New York, Katrina McCann regularly assists on retirement and welfare plans.

United States > Tax > Not-for-profit (Fortune 1000 private foundations, national trade associations, and charities)

Proskauer Rose LLP acts on behalf of a diverse client base of tax-exempt organizations, including prominent organizations in the sports and cultural sectors in addition to a significant number of education and healthcare industry groups. New York-based Amanda Nussbaum, who leads the firm’s tax department, also co-heads the not-for-profit group with Washington DC partner Seth Safra. Nussbaum’s practice covers issues in relation to cooperation with taxable entities, including joint ventures, partnerships, and for-profit subsidiaries, while Safra handles a range of employment and tax compliance issues. Core team members in the New York office include healthcare specialists Whitney Phelps and Jason Madden, who frequently work closely together. Katrina McCann, also in New York, is a further name to note.

United States > Labor and employment > Employee benefits, executive compensation and retirement plans: transactional

Proskauer Rose LLP is recognized for its ‘very strong’ capabilities in advising private equity entities, portfolio companies, and corporations from various sectors on a comprehensive range of benefits and executive compensation matters. The practice is led by Seth Safra from Washington DC, who specializes in retirement, health, and welfare plans, addressing ESOPs, ERISA compliance, and severance schemes. Andrea Rattner in New York is known for her guidance on transactional issues, including equity awards, change-in-control provisions, retention strategies, and post-transaction compensation planning. Ira Bogner, also in New York, offers expertise to asset managers on ERISA fiduciary concerns related to the formation of private funds. Colleen Hart in Los Angeles is adept at designing executive compensation arrangements for private equity clients and their portfolio companies, while David Teigman, based in New York, handles executive compensation and benefits in the context of M&A, securities transactions, and senior executive agreements. Paul Hamburger retired in August 2023.