Retirement Plan Liability Assessment for Board of Directors of Public Utility Company

Client Type: Private Company

We advised the Board of Directors of a public utility company in West Tennessee, solely from a retirement plan perspective, of potential liabilities related to rescinding bonuses provided to a company executive, as well as potential liabilities for withdrawing previously deposited funds from a trust established to fund benefits under a nonqualified compensation plan sponsored by the Company for its executives.

We advised the Board of Directors of a public utility company in West Tennessee, solely from a retirement plan perspective, of potential liabilities related to rescinding bonuses provided to a company executive, as well as potential liabilities for withdrawing previously deposited funds from a trust established to fund benefits under a nonqualified compensation plan sponsored by the Company for its executives.