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. Prior to joining the firm, Lori was a Compliance Manager in the HR Department at Schlumberger and counseled management with regard to operational and compliance issues on their employee benefits.

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

  • Assist 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). Assist clients with master/ prototype plans. Advise clients regarding plan funding rules and cut-backs in accrued benefits.
  • Assist 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.
  • Assist clients with compliance with the Internal Revenue Code, ERISA, COBRA, HIPAA, Medicare, FMLA and other related laws. Counsel clients with regard to designing, implementing and administering their claims procedures in accordance with related regulations and provide HIPAA training.
  • Assist 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. 
  • Review and negotiate service provider contracts including trust (both qualified retirement plan and rabbi trusts), record-keeping, investment management and administrative service agreements. Negotiate welfare plan contracts with third party administrators and insurers.
  • Summarize Change in Control Agreements in connection with mergers. Review Health Care Compliance provisions in Master Service Agreement.
  • Draft Employment Agreements, Consulting Agreements and Separation Agreements; prepare and file Section 83(b) Elections.
  • Draft Deferred Compensation Plan, Award Agreement and Deferral Election. 
  • Advise clients with regard to reporting and disclosure requirements, including Form 5500 filing requirements and preparation of delinquent filer voluntary compliance program submissions. 
  • Submit 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 Fiduciary Correction Program.
  • Prepare Qualified Domestic Relations Order Procedures (QDROs) and Qualified Medical Child Support Order (QMCSOs) Procedures. Advise clients with regard to complying with the QDRO and QMCSO requirements.
  • Advise 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.
  • Monitor new legislation and regulatory initiatives that may affect my clients' interests. Interface with the IRS, DOL and PBGC on behalf of clients undergoing audits or questioning by those governmental agencies. 
  • Advise tax exempt clients and clients with unions with regard to various employee benefit issues (such as symphonies and hospitals).

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