Joe Yonadi is a partner in the Tax Strategy & Benefits Practice, where he counsels both for-profit and nonprofit clients on a variety of employee benefit matters, including providing counsel on executive compensation and employee benefit issues in mergers and acquisitions; working with his clients to utilize the IRS and DOL corrections programs for plan document and fiduciary corrections and finding practical resolutions in audits; assisting with the design of qualified retirement plans; and providing counsel with respect to the Affordable Care Act.
In addition, Joe maintains a robust executive compensation practice that includes assisting employers with their design and implementation of various nonqualified deferred compensation plans, short-term and long-term incentive plans, and equity programs. He works to provide practical advice in order to help his clients navigate around Internal Revenue Code Sections 409A, 280G and 162(m).
Joe also counsels clients with respect to their employee stock ownership plan issues. He advises sellers, lenders and trustees with respect to their ongoing ESOP compliance and fiduciary governance matters. In addition, he assists business owners with assessing the benefits of utilizing an ESOP as a succession planning tool.
Earlier in his career, Joe served as Senior Employment Counsel and Human Resources Legal Team Leader at a Fortune 300 global retail and manufacturing company headquartered in Cleveland, Ohio. There, he provided day-to-day legal counsel on the company’s global retirement, health and welfare, and executive compensation plans, as well as serving as ERISA counsel to the company’s plan administration and fiduciary investment committees.
That in-house experience provided Joe significant insight into data privacy and cybersecurity, as he led the domestic and global legal support for the company’s newly created global privacy and data security department. Building on that experience, Joe assists clients with their employee, consumer and HIPAA privacy policies and procedures, and provides counsel on creating standard privacy and data security contract terms for third-party vendor management programs, negotiating commercial contracts containing sensitive personally identifiable information, and training on data security, privacy and incident response. Joe also provides proactive legal counseling by assisting clients with understanding their true risks through performing data security and privacy risk assessments.
Qualified Retirement Plan and Fiduciary Responsibility
Health and Welfare Plans – Strategies and Funding
Mergers and Acquisitions of Employee Benefit Plans
Data Privacy and Cybersecurity