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| Phone: (203) 351-8028 |
Fax: (203) 327-2669 |
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Richard Chargar is the managing partner in the firm’s Stamford office and co-chair of the Employee Benefits and Executive Compensation practice group.
Mr. Chargar advises clients on all aspects of executive compensation, including deferred compensation, supplemental executive retirement plans, equity-based compensation (including accounting treatment and securities laws issues), split-dollar life insurance, and employment and severance agreements. He counsels on the design implementation and administration of qualified retirement plans and welfare plans.
Mr. Chargar also has experience advising clients on the employee benefits aspects of mergers and acquisitions, including the employee benefits provisions of purchase agreements, change of control and golden parachute issues, due diligence, treatment of sellers’ plans, and integration of acquired employees and plans into acquirers’ plans.
Mr. Chargar advises clients on fiduciary and plan asset issues, including prohibited transaction and unrelated business taxable income issues. In addition, he advises banks and brokerage firms on sponsoring IRAs and prototype retirement plans, including the legal and tax implications associated with the operation and administration of such plans. |
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Publications:
“Financial and Economic Crisis – Law Firms: Liquidity Issues for Plan Fiduciaries Relating to Securities Lending or Stable Value Funds,” The Metropolitan Corporate Counsel, July 2009 |
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Client Advisories:
"Key Issues 401(k) Plan Fiduciaries Need to Know," June 01, 2009.
"Economic Stimulus Bill has Sweeping Impact on Employee Benefits," March 02, 2009.
"The Effect of the 2008 Economic Downturn On Pension Plans," November 14, 2008.
"IRS Permits Extended Claims Periods for Flexible Spending Account Plans," June 03, 2005.
"Required Automatic Rollovers of Small Benefit Cash-Outs," November 10, 2004.
"Congress Passes New Legislation Governing Nonqualified Deferred Compensation," October 19, 2004.
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Bar Admissions:
Connecticut, 1978
New York, 1976
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| Education:
Syracuse University College of Law, J.D., 1975
New York University School of Law, LL.M., Taxation, 1980
Syracuse University, M.S., Accounting, 1975
University of Pennsylvania - Wharton, B.S., Economics, 1972
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Office Location:
400 Atlantic Street
Stamford, CT 06901
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