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Lydia H. Parker

Associate
+1.704.331.7516
Fax +1.704.353.3216
Ms. Parker is an associate in the Charlotte office and a member of the employee benefits practice group. She assists clients with the design and implementation of all types of employee benefits plans, and regularly advises clients on the wide variety of compliance issues that arise in the administration of their employee benefits plans. Ms. Parker has broad experience with both tax-qualified retirement plans, such as 401(k) plans, 403(b) plans and defined benefit plans and non-qualified plans. She also has worked extensively with clients on compliance issues related to both self-insured and fully-insured health and welfare benefits plans, including group health plans, severance plans, life insurance plans and disability plans. Her experience with health and welfare benefits plans includes advising on ACA, COBRA, HIPAA, ERISA and Code compliance. Ms. Parker also assists clients with the benefits and compensation aspects of mergers and acquisitions, the negotiation of administrative services agreements and other vendor contracts, governance and fiduciary issues and the administration of claims and appeals.

Speaking Engagements

  • "Affordable Care Act (ACA) Reporting Requirements,” Lorman Education Services, March 2017.
  • “Health and Welfare Plans: New Rules for 2016,” K&L Gates Benefits and Executive Compensation CLE Seminar, September 2016.
  • Drafted and revised plan documents, amendments, summary plan descriptions, summary annual reports and other participant notices for compliance with ERISA, the Internal Revenue Code and other applicable law.
  • Provided counsel regarding plan design changes, eligibility, vesting, contributions, distributions and plan loans.
  • Assisted clients with the correction of a wide range of qualified plan administrative errors under the Internal Revenue Service’s Employee Plans Compliance Resolution System.
  • Identified 401(k) plan contribution errors and prepared corrective filings under the Department of Labor’s Voluntary Fiduciary Correction Program.
  • Counseled clients regarding the design and implementation of executive and non-executive severance plans.
  • Provided due diligence on the selection of plan service providers.