Charles M. RussmanCharles Russman Clark Hill
Charles M. Russman
Charles also helps clients maintain appropriate record retention and document destruction policies, an important and often overlooked aspect of the data privacy. He has been certified by the International Association of Privacy Professionals (IAPP) as Certified Information Privacy Professional in the United States and Europe (CIPP/US and CIPP/E) as well as a Certified Information Program Manager (CIPM). With an ANSI/ISO accreditation, they are considered the gold standard for privacy certification.
Clients seek his advice and assistance with virtually every type of employee benefit and executive compensation, which is where his practice began. He started his practice by working with clients to bring executive compensation plans into compliance with Code Section 409A, an area of practice he continues to enjoy working in. With the rise of the Patient Protection and Affordable Care Act (ACA), health and other welfare plans became a major part of his practice (along with everyone else’s). This has resulted in his helping clients with annual filings, compliance concerns and working with insurance agents and companies to help clients obtain compliant coverage that works for the business and its employees. Charles also works with clients on their retirement plans (401(k)s, pension plans, 457 plans and 403(b) plans) from helping to design and draft documents to correction of errors and from questions about fiduciary duties to help with IRS, DOL and PBGC investigations, audits and filings. Unionized employer with multiemployer benefits (retirement or welfare) have sought his assistance with lowering costs and increasing options for their employees. Charles has helped clients with their multiemployer pension plan withdrawal liability, including negotiation, arbitration and litigation.
Charles also helps financial institutions and other business with consumer-driven accounts. He provides counsel and drafting expertise about their customer-facing Individual Retirement Accounts (IRAs), Health Savings Accounts (HSAs) and Educational Savings Accounts (ESAs). He also helps other businesses properly integrate HSAs, Flexible Spending Accounts (FSAs) and Health Reimbursement Accounts (HRAs).