William L. Sollee, Jr. is a nationally-recognized expert on the regulation of qualified retirement plans and deferred compensation arrangements under the Internal Revenue Code and ERISA. Many of the most sophisticated corporations in the world – General Motors, Delphi, Chrysler, Ford Motor, Boeing, Xerox, Caterpillar, DuPont, Anheuser-Busch, Cisco, Bristol-Myers Squibb, and Mattel among others – have relied on Mr. Sollee to guide them through the Tax and ERISA standards governing qualified and nonqualified retirement plans and represent them before the IRS and other government agencies. He frequently provides advice on the application of Code section 409A and leads comprehensive Tax Code compliance reviews of qualified pension and 401(k) plans, a service he has now performed for plans with assets in the aggregate exceeding $250 billion.
Clients have benefited significantly from Mr. Sollee’s creativity and problem-solving ability over the years. Mr. Sollee’s benefit designs have been successfully adopted by Fortune 50 and other major corporations. Mr. Sollee’s ingenuity once even “saved” the New York State hospital financing system from collapse (if you believe the Times ).
Mr. Sollee also frequently advises pension sponsors regarding compliance with ERISA fiduciary standards, having developed particular expertise in designing administrative structures that reduce exposure to lawsuits challenging breach of fiduciary duty.