Biography

As the rules governing employee benefit plans grow increasingly complex, fiduciaries in companies of all sizes rely on Tim Snyder to keep them in compliance. A self-described “technician,” Tim is deeply familiar with the arcana of the various benefits codes — ERISA, DOL, PBGC — and he is regularly called upon to repair out-of-compliance plans to the satisfaction of the IRS. He understands how easily plans can slip out of compliance — often unwittingly — and he works closely with clients to address the concerns of their auditors and, where possible, help them self-correct.

Many of Tim’s clients are the management trustees of multi-employer (Taft-Hartley) plans, which adds another level of complexity to his technical skills — especially in the handling of withdrawal liability issues. He also works with the firm’s bankruptcy group in chapter 7 proceedings, closing down the benefit plans of companies in liquidation.

FOCUS:

  • Employee benefits practice, involving both the benefit provisions of the Internal Revenue Code and ERISA.
  • Representation of businesses and professionals in establishing, monitoring, and administering private and public employee benefit plans, whether single employer or multi-employer, including:
    • Defined benefit plans
    • 401(k) profit sharing plans
    • Section 403(b) and Section 457 plans
    • New comparability retirement plans
    • Non-qualified deferred compensation, health, disability and life benefits
    • COBRA, HIPAA, ADA and ADEA.
  • Termination and wrapping up of benefit plans, and dealing with the IRS, DOL, and PBGC.
  • Advising tax exempt organizations: establishing them and ensuring their compliance with Section 501(c)(3).

Education

  • Widener University Delaware Law School  (J.D., summa cum laude)
  • Widener University  (B.S.B.A.)

Bar Admissions

  • Delaware
  • Pennsylvania

Court Admissions

  • U.S. District Court for the District of Delaware
  • U.S. Court of Appeals for the Third Circuit
  • U.S. District Court for the Eastern District of Pennsylvania
  • U.S. Tax Court

Distinctions

  • The Best Lawyers in America®, Employee Benefits Law, 2005  - Present
  • Delaware Super Lawyers®, Employee Benefits/ERISA, 2009

Memberships and Affiliations

  • American Bar Association, Tax, Employment Law and Probate and Real Property Sections, Member
  • Delaware State Bar Association, Tax and Trusts and Estates Sections, Member
  • American Society of Pension Actuaries, Associated Professional Member
  • Wilmington Tax Group, Past President 
  • Widener University School of Law, Dean's National Advisory Council
  • Widener University School of Law, Law Firm Alumni Liason
  • Mental Health Association in Delaware, Director and President
  • International Foundation of Employee Benefit Plans, Member 
  • Babe Ruth and Little League Baseball, Certified Umpire