Alan B.Cabral

Alan has been advising clients on employee benefits for 20 years. He has experience in advising clients regarding the tax qualification requirements for defined benefit and defined contribution plans, as well as fiduciary responsibility, prohibited transactions, contractual arrangements with third-party providers, health reform, reporting requirements, Department of Labor and IRS audits, multi-employer pension plan withdrawal liability, funding requirements under the Pension Protection Act, participant communications, and benefit claims. Alan serves as both co-counsel and sole counsel for his Taft-Hartley and public sector benefit plan clients, and has extensive, long-term experience in acting as fund co-counsel in the context of board meetings, caucuses, and subcommittee meetings.

Alan has extensive experience with plan investments. He reviews document sets for private equity, hedge fund, and pooled real estate investments, and has negotiated numerous side letters to clarify terms and provide additional protections for pension fund clients. He has also negotiated with numerous financial institutions with respect to pension fund investments in separate accounts and group trusts; amounts involved in each investment transaction typically range from $25 million to $200 million. Alan also has extensive experience negotiating securities lending agreements on behalf of private and public-sector pension funds.

In addition to advising clients regarding day-to-day matters, Alan regularly assists clients with strategic projects. He advised a client in the establishment of new multi-employer pension, and health and welfare trusts. The project included the merger of 14 single-employer pension plans into the new pension plan; conducting detailed analysis and due diligence of each single employer plan; drafting plan documents, declarations of trust, summary plan descriptions, and all plan administrative forms; negotiating agreements with new service providers; negotiating merger agreements with each employer; managing asset transfers from each single-employer plan; and maintaining communications with all participating employers to facilitate transition to the new multi-employer plans.

Alan also assists his health plan clients in developing ways to control costs. Prescription drugs are making up an ever-increasing portion the employee benefit spend. In this regard, Alan has assisted a client with the development of a prescription drug cost containment policy that allows the plan to closely monitor and review high-cost drugs before they are added to the plan formulary.

In the exceptionally collegial environment of Seyfarth, Alan appreciates having the opportunity to work with some of the largest and most sophisticated employee benefit plans.