People: Joy Sellstrom, Senior Counsel

Joy Sellstrom

Senior Counsel

Chicago
Direct: (312) 460-5923
Fax: (312) 460-7923
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Ms. Sellstrom has focused her practice on employee benefits and executive compensation for over 20 years and advises large multi-national public and private companies on all aspects of employee benefits for active employees and retirees. Ms. Sellstrom assists clients in the design, funding, and administration of their health and welfare programs and is currently Chairperson of the firm’s Welfare Plan Committee. She has recently helped clients establish consumer-driven health arrangements, including HRAs, for both active employees and retirees and has assisted clients in the implementation of funding mechanisms for their health programs (e.g. VEBAs and 401(h) accounts). She also advises clients on HIPAA privacy and security compliance, domestic partner issues, and third party vendor agreements.

In addition to advising clients on health and welfare issues, Ms. Sellstrom has substantial experience with qualified and nonqualified retirement plans, voluntary and involuntary separation programs, and executive compensation arrangements. With respect to defined contribution, defined benefit and hybrid plans, she regularly assists clients with day-to-day compliance issues and fiduciary matters (including the investment of plan assets). Her practice includes structuring severance arrangements (and waivers) in case of a reduction in force and restructuring non-qualified deferred compensation arrangements in accordance with the new 409A rules. Frequently, she has assisted management in structuring the appropriate committees to handle employee benefit plan design and administration, thereby relieving the board of directors of certain fiduciary obligations.

Ms. Sellstrom has focused her practice on employee benefits and executive compensation for over 20 years and advises large multi-national public and private companies on all aspects of employee benefits for active employees and retirees. Ms. Sellstrom assists clients in the design, funding, and administration of their health and welfare programs and is currently Chairperson of the firm’s Welfare Plan Committee. She has recently helped clients establish consumer-driven health arrangements, including HRAs, for both active employees and retirees and has assisted clients in the implementation of funding mechanisms for their health programs (e.g. VEBAs and 401(h) accounts). She also advises clients on HIPAA privacy and security compliance, domestic partner issues, and third party vendor agreements.

In addition to advising clients on health and welfare issues, Ms. Sellstrom has substantial experience with qualified and nonqualified retirement plans, voluntary and involuntary separation programs, and executive compensation arrangements. With respect to defined contribution, defined benefit and hybrid plans, she regularly assists clients with day-to-day compliance issues and fiduciary matters (including the investment of plan assets). Her practice includes structuring severance arrangements (and waivers) in case of a reduction in force and restructuring non-qualified deferred compensation arrangements in accordance with the new 409A rules. Frequently, she has assisted management in structuring the appropriate committees to handle employee benefit plan design and administration, thereby relieving the board of directors of certain fiduciary obligations.

Education

  • J.D., Loyola University, Chicago, School of Law (1984)
  • Nijenrode University, The Netherlands, Diploma of (1980)

  • B.S., University of Florida (1981)

Affiliations

  • American Bar Association
  • Chicago Bar Association
  • Illinois State Bar Association
  • The 6 O'Clock Club (Women's Networking Group)

Publications

  • "Do You Take Debit Cards?" America Bar Association's Employee Benefits Committee Newsletter (Summer 2007)
  • "Qualifying Retiree Prescription Drug Coverage," BNA Tax Management Website (March 2005)