Carol McClarnon has more than 20 years of experience providing legal guidance on ERISA and tax compliance to both employers and employee benefit service providers. A member of Sutherland’s Tax Practice Group, Carol typically advises financial services companies on ERISA and tax issues that impact their retirement services and insurance product operations. In addition, she routinely works with securities counsel to perform legal analyses on cutting-edge annuity and retirement plan products that are under development.
Carol represents plan sponsors and service providers before the Internal Revenue Service (IRS) and the Department of Labor, obtaining prohibited transaction exemptions, private letter rulings and/or voluntary compliance relief. She works with the full range of retirement plans for both public and private employers. Carol has been active in the American Bar Association, where she served as a vice chair of the Employee Benefits Law Committee of the Tort and Insurance Practice Section and as a member of the Employee Benefits Committee of the Section of Taxation.
Sutherland represents retirement product and service providers before government regulators.
Sutherland represents retirement product and service providers in enforcement and regulatory matters before federal, state and industry regulators, including IRS, Treasury, DOL's Employee Benefit Security Administration (EBSA), PBGC, SEC, FINRA, and OCC.
Sutherland advises on hundreds of plan financial products and service arrangements.
Sutherland advises on the design and operation of hundreds of insurance, real estate and investment products; consulting and investment advisory, management and broker-dealer arrangements and plan service arrangements.
Sutherland advises on structuring retirement products and services to satisfy ERISA-prohibited transaction requirements.
Sutherland advises on the structuring of retirement products and services to ensure compliance with statutory and class exemptions.