Mona Ghude assists both publicly-held and private employers with broad-based employee benefit, equity compensation and deferred compensation matters. She is vice-chair of the Employee Benefits and Executive Compensation Practice Group.
Mona’s experience spans a variety of industries, including manufacturing, services and retail industries, as well as special issues relating to union employees (such as withdrawal liability), foreign employees (with respect to participation in U.S. qualified and nonqualified plans) and issues resulting from employee classification (or misclassification). She has also represented high-level executives in negotiating and drafting employment, deferred compensation, change of control and severance agreements.
Mona also counsels on the legality of hedge fund offering documents from the perspective of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) and provides training to plan fiduciaries to help them meet their fiduciary obligations under ERISA and to avoid potential prohibited transaction issues under ERISA and the IRC.
Articles in the National Law Review database by Mona Ghude
Faegre Drinker’s Employee Benefits and Executive Compensation Group is a National Law Review Go-To Thought Leader for their in-depth analysis of employer-sponsored retirement plans, health and welfare plans and executive compensation concerns. Topics addressed include executive compensation reporting changes, how rehiring employees could prevent partial plan terminations, and the tax implications and the pitfalls associated with excessive executive compensation paid by tax-exempt organizations. Additionally, Faegre Drinker provided valuable guidance to 401k Plan Sponsors regarding how to help employees during the COVID-19 pandemic under the provisions of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), including changes in participant loan repayments, available increases in loan amounts, and changes in hardship distribution rules. Regular contributors from Faegre Drinker’s Employee Benefits and Executive Compensation Group include; Bruce L. Ashton, Mona Ghude, Christine M. Kong, Elizabeth Olson, Monica Novak and Fred Reish.