David J. Paik

David J. Paik is a partner in the Employee Benefits and Executive Compensation Group in the firm's Los Angeles office.

Areas of Practice

Mr. Paik concentrates in the areas of qualified retirement plans, equity compensation, executive compensation, and welfare benefits. His clients range from start-up enterprises to mature, publicly traded companies.

Mr. Paik helps clients design, establish, and administer tax qualified retirement plans (such as defined benefit plans, profit-sharing plans, 401(k) arrangements, and ESOPs), and non-qualified plans (such as incentive stock option plans, non-qualified stock option plans, stock appreciation rights, stock purchase plans, deferred compensation plans, and supplemental executive retirement plans), as well as health and welfare benefit plans. He also advises clients with regard to employee benefits in the context of mergers and acquisitions. Mr. Paik has helped develop tax planning techniques that utilize various benefit arrangements, such as stock options and ESOPs.

Mr. Paik has extensive experience in resolving qualification defects in qualified retirement plans through the use of the Internal Revenue Service's Employee Plans Compliance Resolution System. He also has experience in assisting clients with Internal Revenue Service and Department of Labor audits.

Mr. Paik provides fiduciary advice with respect to prohibited transactions, the investment of plan assets, and breaches of fiduciary duties. He also has experience dealing with the Department of Labor with regard to these matters.

Education

• J.D., Indiana University, 1991
• B.A., University of Pittsburgh, 1986

Memberships

• Member, California State Bar Association, Taxation
• Member, Los Angeles County Bar Association Tax Section, Employee Benefits Committee
• Certified Public Accountant in Pennsylvania

Articles

• It's Time to Establish a Deferred Compensation Insurance Plan, August 16, 2005

Labor & Employment Law Blog Articles

• "403(b) Plan Employers Must Act Soon", May 15, 2008
• "IRS Extends Deadlines for IRC 409A", October 5, 2006
• "IRS Suspends Section 409A Reporting and Withholding Requirements for 2005", December 9, 2005