Kenneth N Sacks’ employee benefits practice encompasses design, implementation and administration of a broad range of benefit plans including qualified plans (pension, profit sharing, 401(k), Keogh, ESOPs), nonqualified deferred compensation plans (including 409A), executive compensation plans and welfare plans. He is skilled in the areas of federal tax and ERISA, and often renders services to firms as special benefits counsel.
Mr. Sacks has represented employers of all sizes in many diverse industries, although his general area of concentration is with larger plan sponsors. He has an active practice in the area of plan design, qualification and termination, as well as counseling on ERISA fiduciary matters, and has represented clients before the Internal Revenue Service, Department of Labor and Pension Benefit Guaranty Corporation. In addition to representation of corporations and tax exempt entities, Mr. Sacks also represents trustees or other plan fiduciaries, plan committees, plan participants, and, on plan funding and reporting matters, interfaces with plan actuaries. Mr. Sacks is also experienced with benefits issues involved in corporate mergers and acquisitions where he has represented clients on both the purchaser and seller side. As an active member in several national level employee benefits organizations, he is a frequent lecturer on employee benefits topics.
Mr. Sacks provides U.S. (federal state & local) and international tax advice and planning for multistate and multinational corporations, as well as for local and small businesses, general and limited partnerships, limited liability companies (LLCs), individuals, trusts and estates.
Reported Decision: Matter of Jacques Jugeat, Inc., State of New York – State Tax commission, December 14, 1982.
Worldwide Employee Benefits Network, New York City Chapter, Board of Directors and President
New York State Bar Association, Tax Section Committee on Employee Benefits
“Nonqualified Deferred Compensation Plans Increase in Popularity,” Journal of Pension Planning and Compliance, Summer 1995
“Choosing the Right Small Business Retirement Plan,” The Practical Tax Lawyer, Fall, 1991
“Intercompany Federal Income Tax Allocation Agreements,” Journal of Corporate Taxation, Spring 1986
“Terminating a VEBA with Excess Assets,” Journal of Taxation, April 1985
LLM, Taxation, New York University Law School
J.D., Seton Hall Law School
B.S.B.A., Georgetown University
Certified Public Accountant, New Jersey
U.S. Tax Court
U.S. Court of Appeals
U.S. District Court, Eastern New York District
U.S. District Court, Southern New York District
U.S District Court, Northern New Jersey District