Stephen Penrod

Stephen Penrod Email and Phone Number

Trusted Employee Benefits Attorney, Advisor and Counselor | Enhancing Client Experience through Innovative Benefits & Executive Compensation Solutions @ Thompson Hine LLP
cleveland, ohio, united states
Stephen Penrod's Location
Greater Cleveland, United States
Stephen Penrod's Contact Details

Stephen Penrod personal email

n/a
About Stephen Penrod

Trusted employee benefits attorney, advisor, and counselor, possessing extensive experience in the strategy, design, compliance, and communication of qualified and nonqualified plans in both manufacturing and legal environments. Proven success in leading cross-functional and international teams on executive compensation, compensation strategy, payroll, and global benefits projects with a solution-oriented mindset. A seasoned professional with a unique blend of hands-on legal experience, complex problem-solving skills, and a personable, empathetic approach as a team leader.Strategy & Leadership• Team Leadership & Development• Compensation Strategy• Global Benefits • M&A Due Diligence & IntegrationCompliance & Legal Expertise• ERISA & Internal Revenue Code• Contract Negotiation• Vendor & Account Management• Plan Strategy and DesignCommunication & Collaboration• Cross-Functional Collaboration• Presentations & Training• Effective Communication• Workflow Documentation & Process Improvement

Stephen Penrod's Current Company Details
Thompson Hine LLP

Thompson Hine Llp

View
Trusted Employee Benefits Attorney, Advisor and Counselor | Enhancing Client Experience through Innovative Benefits & Executive Compensation Solutions
cleveland, ohio, united states
Website:
thompsonhine.com
Employees:
790
Stephen Penrod Work Experience Details
  • Thompson Hine Llp
    Counsel
    Thompson Hine Llp Nov 2024 - Present
    Cleveland, Ohio, United States
    Counsels employers on the administration of qualified and nonqualified retirement and welfare benefit plans and on Employee Retirement Income Security Act (ERISA) and Internal Revenue Code compliance. • Negotiates purchase agreements, analyzes due diligence documentation, and integrates the employee benefits provisions raised in 400+ corporate acquisitions, dispositions, and mergers.• Mitigates benefit plan risks for numerous clients of various sizes with complex qualified, non-qualified and executive compensation issues and questions through training, counseling and legal analysis becoming a trusted advisor for business, legal and human resources clients.• Analyzes regulatory and case law changes, drafts client bulletins, and presents continuing legal education (CLE) seminars on legal updates and risk mitigating strategies given recent legal and regulatory changes.• Conducts frequent employee training for numerous clients on the Health Insurance Portability and Accountability Act (HIPAA).• Engages the Internal Revenue Service, the Department of Labor, the Pension Benefit Guaranty Corporation and the Department of Health and Human Services on behalf of clients through filings such as Forms 5310, 5500 and through plan audits while negotiating favorable results for the clients.
  • Myers Industries
    Director, Total Rewards
    Myers Industries Feb 2023 - Oct 2024
    Akron, Ohio, United States
    Collaborative leader of a four-person team responsible for administration, strategy and design, and communication of Executive Compensation, Compensation Strategy, Benefits Management, and Payroll Administration across multiple businesses and entities at a growth-oriented, publicly traded company. • Reduced payroll issues from several per day to occasional inquiries by implementing improved process workflows, accomplished through the establishment of a payroll committee to review processes, create documentation, and update audit procedures.• Discovered, corrected, and implemented processes to prevent issues with benefit plan administration using the Employee Plans Compliance Resolution System of the Internal Revenue Service (IRS).• Collaborated cross-functionally with Legal, Finance and external advisors to facilitate approval of long-term incentive plan and employee stock purchase plan with over 96% approval vote from shareholders.• Reduced the company cost of an employee move by 62%+ by leveraging a prior relocation relationship.• Oversaw equity analysis of compensation programs using both external market and internal equity data points.• Delivered presentations at every meeting of the Compensation and Management Development Committee of the Board of Directors, covering topics such as incentive plan improvements, executive compensation updates, benefits plan changes.• Integrated Total Rewards programs for 200+ employees during the acquisition of Signature Systems Group.• Onboarded, trained, and developed the entire Total Rewards team, who were new to their roles, resulting in a seamless transition and enhanced team performance.
  • Thompson Hine Llp
    Partner - Employee Benefits & Executive Compensation
    Thompson Hine Llp Jan 2015 - Feb 2023
    Counseled employers on the administration of qualified and nonqualified retirement and welfare benefit plans and on Employee Retirement Income Security Act (ERISA) and Internal Revenue Code compliance. As a partner this role included managing increasingly complex issues and strengthening client relationships. • Negotiated purchase agreements, analyzed due diligence documentation, and integrated the employee benefits provisions raised in 400+ corporate acquisitions, dispositions, and mergers.• Acted as in-house benefits counsel for 2 Fortune 500 companies becoming an integral part of numerous cross-functional teams.• Mitigated benefit plan risks for numerous clients of various sizes with complex qualified, non-qualified and executive compensation issues and questions through training, counseling and legal analysis becoming a trusted advisor for business, legal and human resources clients.• Analyzed regulatory and case law changes, drafted client bulletins, and presented continuing legal education (CLE) seminars on legal updates and risk mitigating strategies given recent legal and regulatory changes.• Conducted frequent employee training for numerous clients on the Health Insurance Portability and Accountability Act (HIPAA).• Engaged the Internal Revenue Service, the Department of Labor, the Pension Benefit Guaranty Corporation and the Department of Health and Human Services on behalf of clients through filings such as Forms 5310, 5500 and through plan audits while negotiating favorable results for the clients.• Spearheaded the Engagement Committee, implementing office initiatives that significantly boosted employee morale and strengthened connections within the firm.• Analyzed benefit plan options and advised on permissible resolutions during multiple union negotiations.
  • Thompson Hine Llp
    Associate - Employee Benefits & Executive Compensation
    Thompson Hine Llp Aug 2009 - Dec 2014
    Counseled employers on the administration of qualified and nonqualified retirement and welfare benefit plans and on Employee Retirement Income Security Act (ERISA) and Internal Revenue Code compliance.
  • The Timken Company
    Manager - Total Rewards & Principal - Global Retirement Income Benefits
    The Timken Company Jan 2006 - Apr 2009
    Led the strategic planning, implementation and communication of Global Total Rewards Benefits, including health, welfare and retirement benefits, cash and equity compensation, and global relocation and assignment management. • Presented Total Rewards design recommendations to senior management and provided education and training for all levels of the organization.• Increased overall 401(k) plan participation from 67% to 74% (an increase of over 1,000 participants) through annual communications campaigns and plan design changes.• Reduced overall fees paid by participants and the company by over 32% by negotiating the renewal of a three-year defined contribution plan services agreement that included performance guarantees. • Decreased administrative errors and inefficiencies by ~75% with global benefits vendors through the implementation of performance guarantees and ongoing minimum standards of operation.• Reduced pooled insurance contract costs over 5% or $15K with future projected cost savings of between $170K-$345K per year by analyzing plan information for facilities in 15 countries and leading a cross-functional global team in interviewing, assessing and choosing two preferred multinational pooling partners.• Supported business units with over 30 acquisition, divestiture and plan design decisions and communications by performing due diligence reviews, evaluating potential liability and implementing a strategy for their integration.• Led a team of global stakeholders in the creation and implementation of a global governance structure for the coordination of all non-U.S. benefits and compensation which reduced corporate liability and increased the speed and efficiency of benefits and compensation decisions.• Performed a Code Section 409A compliance review of all global benefit plans, including executive compensation plans and presented large and small group and one-on-one meetings with officers and senior management to explain the changes.
  • Jones Day
    Associate - Employee Benefits/Executive Compensation Group
    Jones Day Sep 2000 - Dec 2005
    Counseled employers on the administration of qualified and nonqualified retirement and welfare benefit plans and on the compliance of such plans with the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.• Designed, drafted and revised qualified and nonqualified employee benefit plan documents, amendments and employee materials (such as summary plan descriptions) and designed, prepared and negotiated employment, severance, deferred compensation, option and change of control agreements for clients.• Advised employers with employee benefits issues raised in over 50 corporate acquisitions, dispositions, and mergers.• Extensive experience with legal research and the drafting of legal opinion memorandums and various government filings related to employee benefit plans including over 25 filings with the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC).

Stephen Penrod Skills

Mergers And Acquisitions Deferred Compensation Employee Benefits Legal Writing Contract Negotiation Due Diligence Project Management Legal Compliance Legal Research Employee Relations Mergers Corporate Governance

Stephen Penrod Education Details

Frequently Asked Questions about Stephen Penrod

What company does Stephen Penrod work for?

Stephen Penrod works for Thompson Hine Llp

What is Stephen Penrod's role at the current company?

Stephen Penrod's current role is Trusted Employee Benefits Attorney, Advisor and Counselor | Enhancing Client Experience through Innovative Benefits & Executive Compensation Solutions.

What is Stephen Penrod's email address?

Stephen Penrod's email address is st****@****ine.com

What is Stephen Penrod's direct phone number?

Stephen Penrod's direct phone number is +193744*****

What schools did Stephen Penrod attend?

Stephen Penrod attended Cleveland State University College Of Law, The College Of Wooster.

What skills is Stephen Penrod known for?

Stephen Penrod has skills like Mergers And Acquisitions, Deferred Compensation, Employee Benefits, Legal Writing, Contract Negotiation, Due Diligence, Project Management, Legal Compliance, Legal Research, Employee Relations, Mergers, Corporate Governance.

Who are Stephen Penrod's colleagues?

Stephen Penrod's colleagues are Robert Johnson, Nancy Brooks, Angelique Mccready, Ernst, Lisa, Jonathan Hawkins, Jeff Moreno, Jessica Lowy.

Not the Stephen Penrod you were looking for?

Free Chrome Extension

Find emails, phones & company data instantly

Find verified emails from LinkedIn profiles
Get direct phone numbers & mobile contacts
Access company data & employee information
Works directly on LinkedIn - no copy/paste needed
Get Chrome Extension - Free

Aero Online

Your AI prospecting assistant

Download 750 million emails and 100 million phone numbers

Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.