People: Steven R. Lifson, Partner

Photo of Steven R. Lifson, Partner

Steven R. Lifson

Partner

Chicago
Direct: (312) 460-5828
Fax: (312) 460-7828
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Mr. Lifson is a partner in the Employee Benefits & Executive Compensation Department of Seyfarth Shaw LLP.  His practice is concentrated primarily in the areas of employee benefits law, with special emphasis on employee stock ownership plans (ESOPs).  Mr. Lifson is past Chairperson of the firm’s Defined Contribution Plan Practice Group, and he currently serves on the firm’s Welfare Plan Committee.  Mr. Lifson teaches various courses in employee benefits and executive compensation as part of the graduate program at The John Marshall Law School, in Chicago, Illinois.

Employee Benefit Plans (ERISA).  Mr. Lifson has extensive experience in the design, implementation and administration of employee benefit plans of all kinds.  He regularly serves as counsel to plan sponsors and ERISA fiduciaries.  Mr. Lifson has supervised compliance audits of qualified retirement plans, health and welfare programs, and executive compensation arrangements.  He has made presentations before Boards of Directors, Compensation Committees, and plan fiduciaries regarding ERISA fiduciary compliance.  Mr. Lifson has represented clients in audits and proceedings before the Department of Labor and Internal Revenue Service.

Employee Stock Ownership Plans. Mr. Lifson has considerable experience with ESOPs and ESOP transactions. He regularly advises clients regarding plan design aspects, how to structure and implement ESOP transactions, and administration matters.  Mr. Lifson is a member of The ESOP Association and the National Center for Employee Ownership.  He speaks regularly at the national conventions of The ESOP Association and the National Center for Employee Ownership.

Mr. Lifson is a partner in the Employee Benefits & Executive Compensation Department of Seyfarth Shaw LLP.  His practice is concentrated primarily in the areas of employee benefits law, with special emphasis on employee stock ownership plans (ESOPs).  Mr. Lifson is past Chairperson of the firm’s Defined Contribution Plan Practice Group, and he currently serves on the firm’s Welfare Plan Committee.  Mr. Lifson teaches various courses in employee benefits and executive compensation as part of the graduate program at The John Marshall Law School, in Chicago, Illinois.

Employee Benefit Plans (ERISA).  Mr. Lifson has extensive experience in the design, implementation and administration of employee benefit plans of all kinds.  He regularly serves as counsel to plan sponsors and ERISA fiduciaries.  Mr. Lifson has supervised compliance audits of qualified retirement plans, health and welfare programs, and executive compensation arrangements.  He has made presentations before Boards of Directors, Compensation Committees, and plan fiduciaries regarding ERISA fiduciary compliance.  Mr. Lifson has represented clients in audits and proceedings before the Department of Labor and Internal Revenue Service.

Employee Stock Ownership Plans. Mr. Lifson has considerable experience with ESOPs and ESOP transactions. He regularly advises clients regarding plan design aspects, how to structure and implement ESOP transactions, and administration matters.  Mr. Lifson is a member of The ESOP Association and the National Center for Employee Ownership.  He speaks regularly at the national conventions of The ESOP Association and the National Center for Employee Ownership.

Education

  • LL.M., John Marshall Law School (1993)
    with honors
  • J.D., University of Illinois College of Law (1987)
  • B.A., Boston University (1982)
    cum laude

Admissions

  • Illinois

Courts

  • U.S. District Court for the Northern District of Illinois

Affiliations

  • Chicago Bar Association
  • Illinois State Bar Association
  • American Bar Association
  • Chicago Estate Planning Counsel
  • The ESOP Association
  • The National Center for Employee Ownership

Publications

  • Co-Author, "Professor’s Letter Questions 401(k) Plan Fees, Reminds Companies of Their Fiduciary Obligations," One Minute Memo, Seyfarth Shaw LLP (July 25, 2013)
  • “Design and Drafting Considerations for Executive Compensation Clawback Policies Required by the Dodd-Frank Act and Other Federal Statutes,” New York University Review of Employee Benefits and Executive Compensation (2011)
  • Presentation on Dodd-Frank Act requirements at the Ninth Annual Employee Benefits Symposium, The John Marshall Law School (2011)
  • “Dividend Deductions for Public Companies with 401(k) Plans,” The Journal of Employee Ownership Law and Finance, The National Center for Employee Ownership (2010)
  • Chapter titled “Voluntary Programs Available to Correct Defects in Qualified Plans” in Administrative Issues for ESOP Companies, The Journal of Employee Ownership Law and Finance, The National Center for Employee Ownership (2007)
  • “Practical Planning Ideas for Distributions from IRAs and Qualified Plans,” The John Marshall Law Review (Spring 2004)
  • “Blackout Notice Rules under Sarbanes-Oxley Act,” Illinois Bar Journal Newsletter (2003)