Lori Troutman

Practices

Education and Clerkships

J.D., Louisiana State University Paul M. Hebert Law Center, 1993

B.A., Louisiana State University, 1990

Admissions

Texas

Profile

Lori Troutman is a counsel in the Employee Benefits and Executive Compensation Practice Group in the Houston office of Haynes and Boone. With 24 years of experience, she counsels clients with regard to design, drafting, and implementation of qualified retirement, welfare benefit, and employee benefit plans. Lori also has extensive experience in amending and terminating employee benefit plans and in advising on operational and compliance issues, including assistance with filing with the IRS and DOL correction programs.

Professional and Community Activities

  • National Charity League
  • First Junior Women’s Club

Growth

Lori Troutman

Haynes and Boone Hires Leading Employee Benefits Lawyer

Lori Troutman has joined the Houston office of Haynes and Boone as a counsel in the firm’s Employee Benefits and Executive Compensation Practice Group.

Selected Client Representations

  • Assisted clients with the design, implementation and administration of their qualified defined benefit and defined contribution plans (including 401(k) plans, 403(b) plans and employee stock ownership plans). In addition, assisted clients with master/ prototype plans. Advised clients regarding plan funding rules and cut-backs in accrued benefits.
  • Assisted clients with the design, implementation and administration of their welfare benefit plans, including group health, disability, life insurance, cafeteria plans, educational assistance, retiree welfare plans, domestic partner benefits and policies, Roth and traditional IRAs, HSAs, HRAs, VEBAs, adoption assistance, prepaid legal, severance and other welfare plans.
  • Assisted clients with compliance with the Internal Revenue Code, ERISA, COBRA, HIPAA, Medicare, FMLA and other related laws. Counseled clients with regard to designing, implementing and administering their claims procedures in accordance with related regulations and provided HIPAA training.
  • Assisted clients with planning and preparing efficient, compliant qualified retirement plan and welfare benefit plan documents and accurate, user-friendly summary plan descriptions, employee notices and other communications including preparing Committee Charters and implementing missing participant programs. Interfaced directly with employees and management as needed.
  • Reviewed and negotiated service provider contracts including trust (both qualified retirement plan and rabbi trusts), record-keeping, investment management and administrative service agreements. Negotiated welfare plan contracts with third party administrators and insurers.
  • Summarized Change in Control Agreements in connection with merger; reviewed Health Care Compliance provisions in Master Service Agreement.
  • Drafted Employment Agreements, Consulting Agreements and Separation Agreements; prepared and filed Section 83(b) Elections.
  • Drafted Deferred Compensation Plan, Award Agreement and Deferral Election.
  • Advised clients with regard to reporting and disclosure requirements, including Form 5500 filing requirements and preparation of delinquent filer voluntary compliance program submissions. 
  • Submitted defined benefit and defined contribution plans to the Internal Revenue Service for favorable tax qualification letters, private letter rulings and compliance statements under voluntary correction programs and to the Department of Labor under its voluntary correction programs.
  • Prepared Qualified Domestic Relations Order Procedures (QDROs) and Qualified Medical Child Support Order (QMCSOs) Procedures. Advised clients with regard to complying with the QDRO and QMCSO requirements. Interfaced directly with the attorneys for the employee and/or spouse as needed.
  • Advised clients with regard to the correction of errors and other noncompliance situations relating to qualified retirement plans, including communicating with the IRS in connection with requests under the Voluntary Compliance Program.
  • Monitored new legislation and regulatory initiatives that may affect my clients' interests. Interfaced with the IRS, DOL and PBGC on behalf of clients undergoing audits or questioning by those governmental agencies.
  • Advised tax exempt clients and clients with unions with regard to various employee benefit issues (such as symphonies and hospitals).

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