Attorney Steve Bowers joins Saxton & Stump’s growing ERISA practice

MALVERN, Pa., July 16, 2021 —  Philadelphia attorney L. Stephen Bowers has joined Saxton and Stump’s Employee Benefits and Executive Compensation team, bringing substantial experience advising employers on benefits law, including matters pertaining to the Employee Retirement Income Security Act of 1974 (ERISA). The team now includes three dedicated attorneys led by Sarah K. Ivy, who partner with clients to design, structure and implement retirement, welfare and deferred compensation plans that comply with federal and state tax and employment laws.

“As businesses across the U.S. are launching their post-pandemic recruiting strategies, structuring benefits packages is a crucial tool allowing them to attract and retain top talent,” said CEO James W. Saxton. “While regulatory agencies such as the IRS are increasing enforcement, Steve joins us at a time when maintaining compliance is a critical focus for our clients. His experience in this complex area of law adds even more depth to our robust team.”

Saxton & Stump’s Employee Benefits and Executive Compensation team collectively brings nearly 50 years of experience advising clients across all industries. They provide guidance to for-profit and non-profit organizations with respect to compliance with complex employee benefits regulations including the Consolidated Omnibus Budget Reconciliation Act (COBRA), the Health Insurance Portability and Accountability Act (HIPAA) and the Affordable Care Act (ACA). The team assists with the design and documentation of executive compensation arrangements including severance agreements and structuring employee stock ownership plans (ESOPs). They also advise clients on employee benefits issues that arise in mergers and acquisitions (M&A) and other types of corporate transactions.

Bowers most recently practiced at White and Williams LLP and Cozen O’Connor in Philadelphia. Before entering private practice, Bowers was an investigator for the Employee Benefits Security Administration of the U.S. Department of Labor where he assisted with civil and criminal investigations of single or multi-employer plans and service providers. Bowers earned his J.D. from Boston University School of Law and his B.A. in English Language and Literature from the University of Scranton.

A uniquely deep team of benefits attorneys

Ivy joined Saxton & Stump in 2019 to launch the firm’s Employee Benefits and Executive Compensation group. She is frequently invited to present on employee benefits topics and brings more than 20 years of experience analyzing federal regulations and their implications for qualified retirement plans such as 401(k), 403(b), profit-sharing and pension plans, welfare benefits plans, non-qualified deferred compensation plans and equity-based compensation plans. Prior to joining Saxton & Stump, Ivy worked as an executive compensation, employee benefits and ERISA attorney with various law firms including Stevens & Lee, P.C., Fox Rothschild LLP and McNees Wallace & Nurick LLC. Most recently, she was a partner with FisherBroyles, LLP in Philadelphia.

In 2020, tax attorney Richard S. Calabrese, Jr. joined the team, bringing four years of experience, including as a tax associate at the “Big 4” firm, PricewaterhouseCoopers, LLP. Calabrese is a Certified Public Accountant (CPA) and earned his LL.M. degree from Villanova University in taxation. He focuses on corporate and business tax matters and assists clients with developing equity/profit incentive award agreements.

Saxton & Stump’s Employee Benefits and Executive Compensation team collaborates with the firm’s Business and Corporate, Mergers & Acquisitions and Labor and Employment groups to bring individualized solutions for clients. To enhance the firm’s legal services, Saxton & Stump founded Granite HR Consulting in 2018 to provide additional human resources support. The firm recently announced new branding, a new website and a new era led by Managing Director Kristen Evans who is passionate about connecting human resources efforts to strategic initiatives that drive business growth.

Saxton & Stump’s strategic growth outlook

With 121 professionals, including 65 attorneys, the firm continues to grow and based on their strategic plan for 2021, will continue to expand its current team of lawyers and professionals, focusing on bringing additional resources to support client needs.

Saxton & Stump provides solutions for complex legal issues and partners with clients to create a roadmap for their success. The firm is committed to empowering clients by delivering five-star service and results-focused advice.

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