Carolyn M. McAllister, Partner

Biography

Carolyn McAllister is a member of the firm’s Labor & Employment Group who focuses her practice in Employee Benefits. She helps employers navigate the complex, always-changing, legal requirements impacting employee benefits. She works with public and private companies, and tax-exempt organizations to solve compliance, design, risk and correction issues concerning their employee benefit plans.

During the coronavirus pandemic, Carolyn has helped plan sponsors of retirement and health and welfare plans to understand the impact of COVID-19-related legislative on their plans. She has given practical advice to ensure compliance with new guidance and timely communications with plan participants. 

Representative Experience

  • Counseling plan sponsors on the impact of coronavirus-related furloughs and layoffs on their retirement plans
  • Analyzing and discussing options for plan sponsors to reduce, suspend or delay employer contributions to retirement plans due to economic conditions caused by COVID-19
  • Advising employers on design and compliance issues relating to retirement plans, executive compensation, health and welfare plans and fringe benefits
  • Drafting and restating 401(k) plans, pension plans and nonqualified deferred compensation arrangements
  • Analyzing risks and compliance issues for employee benefit plans in mergers and acquisitions
  • Assisting employers during Department of Labor (DOL) investigations and Internal Revenue Service (IRS) audits of employee benefit plans
  • Preparing filings under the IRS and DOL correction programs for complex operational errors involving retirement plans

Services

  • Qualified Retirement Plans (401(k), 403(b) and Pension Plans)
  • Employee Benefits Plans in Mergers and Acquisitions
  • Employee Stock Ownership Plans (ESOPs)
  • Executive Compensation
  • Fringe Benefits
  • Health and Wellness Plans

Prior to attending law school, Carolyn trained as an electrical engineer and also worked as a staff accountant for financial institutions. She lived in Germany and acquired a working knowledge of the German language.

Legal Services

Education and Honors

  • University of Wisconsin Law School (J.D., magna cum laude, 2004)
    • Order if the Coif
  • Cornell University (B.S.E.E., 1997)
    • Major: Electrical Engineering

Bar Admissions

  • Wisconsin

Professional and Civic Activities

  • Milwaukee Bar Association (Member)
  • State Bar of Wisconsin (Member)
  • Metro Milwaukee Society for Human Resource Management (Member)
  • Wisconsin Retirement Plan Professionals, Ltd. (former Board Member, 2011-2015; former President, 2014, 2015)
  • Vineyard Community Church (Board Chair, 2019-Present; former Board Member, 2011-2014)
  • U.S. Peace Corps, providing training in business planning to nationals of Kyrgyzstan (1998)

Languages

  • German

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