Charles M. Russman
Charles M. Russman assists clients with employee benefits, executive compensation, and data privacy matters.
Clients seek Charles’s advice and assistance with all types of employee benefit and executive compensation. 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 assisting clients in this important and growing aspect of compensation. With the rise of the Patient Protection and Affordable Care Act (ACA), health and other welfare plans became a major part of his practice. 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) – whether it is design and implementation, drafting documents, or correcting errors. With employee benefits come fiduciary duties, something Charles has been helping clients understand and comply with for years. New laws have created an opportunity for Charles to help clients with new benefit trends and additional and changing compliance requirements, as well as an increasing number of investigations and audits from the IRS, DOL, and PBGC. Unionized employers with multiemployer benefits (retirement or welfare) have sought his assistance with lowering costs and increasing options for their employees. Clients also seek his assistance with COBRA and HIPAA compliance questions and concerns arising from corporate transactions.
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).
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.
Michigan Super Lawyers Rising Star, Employee Benefits (2021)
Named among The Best Lawyers in America® for Employee Benefits (ERISA) Law by Best Lawyers (2023)
State Bar of Michigan
International Association of Privacy Professionals
Jewish Bar Association