As the popularity of cryptocurrency continues to grow, what do employee benefits lawyers need to know about this emerging investment option? McDermott Partners Andrew Liazos, Andrea Kramer and Brian Tiemann recently offered their perspectives about cryptocurrencies and how they relate to Employee Retirement Income Security Act of 1974 (ERISA) plans, individual retirement accounts (IRAs) and incentive awards in an American Bar Association virtual event.
Cryptocurrency for Employee Benefits Lawyers: What You Need to Know
By Andrew Liazos and Brian Tiemann on April 14, 2022
Tags: 401(k), bitcoin, blockchain, cryptocurrency, DOL, Employee Benefits, Employee Retirement Income Security Act of 1974, ERISA, Ethereum, I.R.C. § 408, I.R.C. § 409A, I.R.C. § 83(b) elections, individual retirement account, Internal Revenue Service, IRA, IRS, NFTs, nonfungible tokens, SEC, Treas. Reg. § 1.408 2(e), US Department of Labor, US Securities and Exchange Commission, virtual currencies
Andrew LiazosAndrew C. Liazos is the global chair of McDermott’s Benefits & Compensation Practice Group and has practiced at McDermott for over 25 years. Andrew focuses his practice on compensation and benefit matters, including related securities, M&A, IPO, private equity, international and litigation matters. Clients range from Fortune 500 companies to compensation committees to individual executives in employment and severance negotiations. Read Andrew Liazos' full bio.
Brian TiemannBrian J. Tiemann counsels public and private companies on a broad range of employee benefit matters, including matters related to pension plans, 401(k) plans and executive and incentive compensation. He advises plan fiduciaries with respect to their fiduciary duties, investment policies and alternative investments. He also advises multinational clients on global employee benefits matters, particularly with respect to global incentive compensation plans. Brian has extensive experience negotiating investment management agreements and service provider agreements. Read Brian Tiemann's full bio.
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