Timothy S. Klimpl

Of Counsel tklimpl@thsh.com 212-508-6782 LinkedIn

Timothy S. Klimpl

Of Counsel tklimpl@thsh.com 212-508-6782 LinkedIn

Biography

Timothy Klimpl, of counsel with Tannenbaum Helpern’s Employee Benefits and Executive Compensation practice, is also a member of the Firm’s Tax and Employment Law teams. Tim provides ERISA advice and related services to a variety of plan sponsors on employee benefit plans, including corporate, nonprofit, and governmental plans providing retirement, health, and other employee welfare benefits.

Tim also advises employers and senior-level employees in M&A transactions in equity and incentive compensation including stock options, restricted stock and “phantom equity," deferred compensation plans, and executive employment and severance agreements. Tim’s clients have included those in the financial, private equity, real estate, construction, clean energy, medical, fashion, talent acquisition, and legal industries.

Tim is a member of the Fairfield County Bar Association where he Chairs the Employment Law Committee and Co-chairs the Business Law Committee.

  • Advised employers on corrections of errors and failures in qualified retirement plans, including late contributions to 401(k) plans, delinquent Form 5500 filings, U.S. DOL ERISA investigations and obtaining Voluntary Correction Program (VCP) compliance statements for employers’ qualified retirement plans.
  • Advised on and prepared equity compensation plans and deferred compensation plans for employers, including the design and terms of incentive and equity compensation, including transaction bonuses and “golden parachute” 280G issues.
  • Provided compensation and ERISA support to seller clients in acquisitions by publicly traded strategic buyers and private equity funds.
  • Advised administrators of group health plans on questions and issues relating to the Patient Protection and Affordable Care Act (ACA), COBRA, HIPAA and related federal regulation of health plans.

College

  • B.A., Syracuse University S.I. Newhouse School of Public Communications (Cum Laude)

Law School

  • J.D., New York Law School
  • LL.M., Villanova University School of Law (Taxation)

Technology

  • Program Certificate, Blockchain Essentials, Cornell University (eCornell)
  • Shipman & Goodwin LLP
  • Carmody Torrance Sandak & Hennessey LLP
  • Norris McLaughlin
  • Holm & O'Hara LLP

Professional

  • Board Member, Fairfield County Bar Association
  • Connecticut Bar Association

Civic

  • Member, Town of New Canaan Parks & Recreation Commission
  • New York
  • Connecticut
  • U.S. District Court, Southern District of NY
  • U.S. District Court, Eastern District of NY
  • Best Lawyers in America®: Labor Law - Management (2024)
  • New Leader in the Law, New England Legal Awards (2023)
  • Super Lawyers® Rising Stars: Employee Benefits (New York Metro: 2018-2020; Connecticut: 2021-2023)
  • Presenter, Artificial Intelligence (AI) Use by Nonprofits: Legal and Ethical Considerations, Pro Bono Partnership, June 2024
  • Presenter, Implementing Employee Monitoring and Predictive Compliance Systems: How Far You Can Go in Predicting Misconduct with AI and What Crosses the Line, American Conference Institute’s Inaugural National Conference on AI Law, Ethics and Compliance, October 2023
  • Author, Previously Exempt Employers May Need to Take Action in 2024 under the MyCTSavings Program, CT Tax Alert, January 2024
  • Co-Presenter, Part II - SECURE 2.0 in Bite-Sized Chunks: What You Need to Know in 2024, Shipman & Goodwin, November 2023

Timothy Klimpl, of counsel with Tannenbaum Helpern’s Employee Benefits and Executive Compensation practice, is also a member of the Firm’s Tax and Employment Law teams. Tim provides ERISA advice and related services to a variety of plan sponsors on employee benefit plans, including corporate, nonprofit, and governmental plans providing retirement, health, and other employee welfare benefits.

Tim also advises employers and senior-level employees in M&A transactions in equity and incentive compensation including stock options, restricted stock and “phantom equity," deferred compensation plans, and executive employment and severance agreements. Tim’s clients have included those in the financial, private equity, real estate, construction, clean energy, medical, fashion, talent acquisition, and legal industries.

Tim is a member of the Fairfield County Bar Association where he Chairs the Employment Law Committee and Co-chairs the Business Law Committee.

  • Advised employers on corrections of errors and failures in qualified retirement plans, including late contributions to 401(k) plans, delinquent Form 5500 filings, U.S. DOL ERISA investigations and obtaining Voluntary Correction Program (VCP) compliance statements for employers’ qualified retirement plans.
  • Advised on and prepared equity compensation plans and deferred compensation plans for employers, including the design and terms of incentive and equity compensation, including transaction bonuses and “golden parachute” 280G issues.
  • Provided compensation and ERISA support to seller clients in acquisitions by publicly traded strategic buyers and private equity funds.
  • Advised administrators of group health plans on questions and issues relating to the Patient Protection and Affordable Care Act (ACA), COBRA, HIPAA and related federal regulation of health plans.

College

  • B.A., Syracuse University S.I. Newhouse School of Public Communications (Cum Laude)

Law School

  • J.D., New York Law School
  • LL.M., Villanova University School of Law (Taxation)

Technology

  • Program Certificate, Blockchain Essentials, Cornell University (eCornell)
  • Shipman & Goodwin LLP
  • Carmody Torrance Sandak & Hennessey LLP
  • Norris McLaughlin
  • Holm & O'Hara LLP

Professional

  • Board Member, Fairfield County Bar Association
  • Connecticut Bar Association

Civic

  • Member, Town of New Canaan Parks & Recreation Commission
  • New York
  • Connecticut
  • U.S. District Court, Southern District of NY
  • U.S. District Court, Eastern District of NY
  • Best Lawyers in America®: Labor Law - Management (2024)
  • New Leader in the Law, New England Legal Awards (2023)
  • Super Lawyers® Rising Stars: Employee Benefits (New York Metro: 2018-2020; Connecticut: 2021-2023)
  • Presenter, Artificial Intelligence (AI) Use by Nonprofits: Legal and Ethical Considerations, Pro Bono Partnership, June 2024
  • Presenter, Implementing Employee Monitoring and Predictive Compliance Systems: How Far You Can Go in Predicting Misconduct with AI and What Crosses the Line, American Conference Institute’s Inaugural National Conference on AI Law, Ethics and Compliance, October 2023
  • Author, Previously Exempt Employers May Need to Take Action in 2024 under the MyCTSavings Program, CT Tax Alert, January 2024
  • Co-Presenter, Part II - SECURE 2.0 in Bite-Sized Chunks: What You Need to Know in 2024, Shipman & Goodwin, November 2023
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