Mamta K. Shah

Client Work

• Counseled board of directors of a public company on plan governance matters with respect to $500 million 401(k) plan, $360 million pension plan, health and welfare plans, and nonqualified deferred compensation plans.
• Counseled management of companies on strategic planning with respect to retirement benefits, including post-acquisition harmonization of employee benefit plans, mergers, spin-offs, plan terminations, and plan formations. Examples include:
  • Designed lump sum plant shutdown benefits in overfunded $500 million pension plan.
  • Designed loan rollover features under 401(k) plans in connection with transfer of employees to unrelated third parties.
  • Consolidated 401(k) plans of multiple subsidiary companies into parent company’s $900million 401(k) plan in an eight-way merger.
  • Redesigned public company’s $400 million 401(k) plan and its supplemental savings plan in connection with the freeze of its $350 million pension plan and its SERP.
  • Designed lump-sum window program for privately-held company’s $400 million pension plan.
  • Counseled management of private company on partial termination and reportable event issues in connection with reductions in force and facility closings.
• Represented boards of directors as well as CEOs and other executives in negotiation of employment agreements of CEOs and other executives (e.g., 409A, 162(m), and 280G).
• Counseled publicly-held aerospace company with 25 operating companies on coverage testing of 25 separate 401(k) plans and related remediation.

Publications & Presentations

Publications

• Co-author, “DOL Clarifies Deadlines for Lifetime Income Illustration Disclosure Requirements Which Take Effect on September 18, 2021,” Troutman Pepper, August 9, 2021.
• Co-author, “Cybersecurity Security Best Practices for Retirement Plan Administration,” Troutman Pepper, April 29, 2021.
• Co-author, “DOL Issues Guidance on Federally Funded COBRA Premium Subsidy — FAQs and Model Notices Provide Clarification for Employers,” Troutman Pepper, April 15, 2021.
• Co-author, “COVID-19 Resource Guide for Human Resources Professionals: 100% Federally Funded COBRA is Almost Here — What You Need to Know,” Troutman Pepper, March 25, 2021.
• Co-author, “COVID-19 Resource Guide for Human Resources Professionals: Employee Benefits Considerations for Reopening in 2020,” Employee Benefit Plan Review, September 2020.
• Co-author, “Benefits Considerations for Onboarding Furloughed and Laid Off Employees,” Troutman Pepper, 2020.
• Co-author, “Revised Summary of CARES Act and FFCRA Tax Credit and Payroll Tax Relief,” Troutman Pepper, July 14, 2020.
• Co-author, “COVID-19 Resource Guide for Human Resources Professionals: Action Items and Implementation Guidelines Relating to Employee Benefit Plans,” Troutman Sanders, May 15, 2020.
• Co-author, “UPDATE: COVID-19 Employee Benefits FAQs for Employers: Focus on Retirement Plans,” Troutman Sanders, April 3, 2020.
• Co-author, “CARES Act Relief for Retirement Plans,” Troutman Sanders, March 31, 2020.
• Co-author, “COVID-19 Employee Benefits FAQs for Employers - Focus on Retirement Plans,” Troutman Sanders, March 24, 2020.
• Co-author, “Planning Opportunities After the Supreme Court’s Decision in Intel Corp. Investment Policy Committee et al. v. Sulyma,” Troutman Sanders, March 12, 2020.

Presentations

• Speaker, “COVID-19: A Year Later. Where Do We Go From Here?” Troutman Pepper, March 23, 2021.
• Panelist, “Global Webinar: Managing your Greatest Asset - Perspectives on HR Challenges Near and Far,” 100 Women in Finance, August 3, 2020.
• Panelist, “New IRS Final Regulations for Hardship Distributions Under 401(k) and 403(b) Plans,” Strafford webinar, December 12, 2019.

Boards

• Coalition of Women’s Initiatives in Law – NY Chapter

Professional Activities

Mamta has provided pro bono advice to nonprofit entities in the implementation, termination and design of their retirement plans.