Jim discussed two recent cases involving Social Security and Medicare tax payments due on nonqualified deferred compensation. The cases that Jim discussed were Davidson v. Henkel and Balestra v. U.S. These cases involved the responsibility of employers for complying with the “special timing rule” under which payroll taxes are due when the employee’s interest in the nonqualified deferred compensation first becomes vested.

The section meets monthly for a program on multiple topics such as employee benefits and executive compensation, pensions, profit-sharing plans, ESOPs, health coverage, disability plans, other standpoints, IRS, DOL, PBGC, SEC, ERISA, and state law.

Jim advises clients on legal issues involving employee benefit plans. He works closely with the ever-changing Internal Revenue Code and ERISA. In that work, he sees his role with clients as bringing simplicity to a complicated field so that the client’s employee benefit plan objectives may be satisfied. Jim has more than 28 years of experience representing clients in a wide variety of employee benefit plan matters involving 401(k) plans, group benefits and incentive arrangements. He received his B.B.A., summa cum laude, from Texas Tech University and his J.D., cum laude, from Southern Methodist University Dedman School of Law.