Of Counsel tklimpl@thsh.com 212-508-6782 LinkedIn
Practice Areas
Areas of Focus
- Financial Services
Timothy S. Klimpl
Of Counsel tklimpl@thsh.com 212-508-6782 LinkedIn
Practice Areas
Areas of Focus
- Financial Services
Timothy S. Klimpl
Of Counsel tklimpl@thsh.com 212-508-6782 LinkedIn
Practice Areas
Areas of Focus
- Financial Services
Biography
Timothy Klimpl, of counsel with Tannenbaum Helpern’s Employee Benefits and Executive Compensation practice, is also a member of the Firm’s Tax and Employment Law teams. Tim provides ERISA advice and related services to a variety of plan sponsors on employee benefit plans, including corporate, nonprofit, and governmental plans providing retirement, health, and other employee welfare benefits.
Tim also advises employers and senior-level employees in M&A transactions in equity and incentive compensation including stock options, restricted stock and “phantom equity," deferred compensation plans, and executive employment and severance agreements. Tim’s clients have included those in the financial, private equity, real estate, construction, clean energy, medical, fashion, talent acquisition, and legal industries.
Tim is a member of the Fairfield County Bar Association where he Chairs the Employment Law Committee and Co-chairs the Business Law Committee.
Villanova University School of Law (LLM)
New York Law School (J.D.)
Syracuse University S.I. Newhouse School of Public Communications (B.A.)
- Honors: Cum Laude
Blockchain Essentials, Cornell University - eCornell (Program Certificate -Technology)
- Shipman & Goodwin LLP
- Carmody Torrance Sandak & Hennessey LLP
- Norris McLaughlin
- Holm & O'Hara LLP
- New York
- Connecticut
- United States District Court for the Eastern Districts of New York
- United States District Court for the Southern Districts of New York
- Best Lawyers®: Labor Law - Management (2024)
- Law.com's New England Legal Awards New Leader in the Law (2023)
- Super Lawyers® Rising Star, Employee Benefits (New York Metro: 2018-2020, 2024; Connecticut: 2021-2023)
Professional:
- Board Member, Fairfield County Bar Association
- Connecticut Bar Association
Civic:
- Member, Town of New Canaan Parks & Recreation Commission
- Advised employers on corrections of errors and failures in qualified retirement plans, including late contributions to 401(k) plans, delinquent Form 5500 filings, U.S. DOL ERISA investigations and obtaining Voluntary Correction Program (VCP) compliance statements for employers’ qualified retirement plans.
- Advised on and prepared equity compensation plans and deferred compensation plans for employers, including the design and terms of incentive and equity compensation, including transaction bonuses and “golden parachute” 280G issues.
- Provided compensation and ERISA support to seller clients in acquisitions by publicly traded strategic buyers and private equity funds.
- Advised administrators of group health plans on questions and issues relating to the Patient Protection and Affordable Care Act (ACA), COBRA, HIPAA and related federal regulation of health plans.
- Presenter, Artificial Intelligence (AI) Use by Nonprofits: Legal and Ethical Considerations, Pro Bono Partnership, June 2024
- Presenter, Implementing Employee Monitoring and Predictive Compliance Systems: How Far You Can Go in Predicting Misconduct with AI and What Crosses the Line, American Conference Institute’s Inaugural National Conference on AI Law, Ethics and Compliance, October 2023
- Author, Previously Exempt Employers May Need to Take Action in 2024 under the MyCTSavings Program, CT Tax Alert, January 2024
- Co-Presenter, Part II - SECURE 2.0 in Bite-Sized Chunks: What You Need to Know in 2024, Shipman & Goodwin, November 2023
Publications
- The DOL Establishes Salary Levels for 2024/2025 Overtime Pay Exemptions under the FLSA—and Has Substantially Increased Them
- New Jersey Employers Must Act Soon: Are you Ready for RetireReady NJ?
- The FTC Noncompete Ban is Dead and Noncompetes are Alive: Federal Court Has Blocked the Rule
- The Federal Trade Commission’s Noncompete Rule – Dead or Alive?
- Are Your Employees Exempt Under Federal Law? Not If Their Salaries Are Below the New Minimum
- The Bill Comes Due – Workers’ Rights Poster Must Be Distributed July 1
- Second Circuit Casts Doubt on Overly Restrictive Arbitration Clauses in ERISA Plans
Timothy Klimpl, of counsel with Tannenbaum Helpern’s Employee Benefits and Executive Compensation practice, is also a member of the Firm’s Tax and Employment Law teams. Tim provides ERISA advice and related services to a variety of plan sponsors on employee benefit plans, including corporate, nonprofit, and governmental plans providing retirement, health, and other employee welfare benefits.
Tim also advises employers and senior-level employees in M&A transactions in equity and incentive compensation including stock options, restricted stock and “phantom equity," deferred compensation plans, and executive employment and severance agreements. Tim’s clients have included those in the financial, private equity, real estate, construction, clean energy, medical, fashion, talent acquisition, and legal industries.
Tim is a member of the Fairfield County Bar Association where he Chairs the Employment Law Committee and Co-chairs the Business Law Committee.
Villanova University School of Law (LLM)
New York Law School (J.D.)
Syracuse University S.I. Newhouse School of Public Communications (B.A.)
- Honors: Cum Laude
Blockchain Essentials, Cornell University - eCornell (Program Certificate -Technology)
- Shipman & Goodwin LLP
- Carmody Torrance Sandak & Hennessey LLP
- Norris McLaughlin
- Holm & O'Hara LLP
- New York
- Connecticut
- United States District Court for the Eastern Districts of New York
- United States District Court for the Southern Districts of New York
- Best Lawyers®: Labor Law - Management (2024)
- Law.com's New England Legal Awards New Leader in the Law (2023)
- Super Lawyers® Rising Star, Employee Benefits (New York Metro: 2018-2020, 2024; Connecticut: 2021-2023)
Professional:
- Board Member, Fairfield County Bar Association
- Connecticut Bar Association
Civic:
- Member, Town of New Canaan Parks & Recreation Commission
- Advised employers on corrections of errors and failures in qualified retirement plans, including late contributions to 401(k) plans, delinquent Form 5500 filings, U.S. DOL ERISA investigations and obtaining Voluntary Correction Program (VCP) compliance statements for employers’ qualified retirement plans.
- Advised on and prepared equity compensation plans and deferred compensation plans for employers, including the design and terms of incentive and equity compensation, including transaction bonuses and “golden parachute” 280G issues.
- Provided compensation and ERISA support to seller clients in acquisitions by publicly traded strategic buyers and private equity funds.
- Advised administrators of group health plans on questions and issues relating to the Patient Protection and Affordable Care Act (ACA), COBRA, HIPAA and related federal regulation of health plans.
- Presenter, Artificial Intelligence (AI) Use by Nonprofits: Legal and Ethical Considerations, Pro Bono Partnership, June 2024
- Presenter, Implementing Employee Monitoring and Predictive Compliance Systems: How Far You Can Go in Predicting Misconduct with AI and What Crosses the Line, American Conference Institute’s Inaugural National Conference on AI Law, Ethics and Compliance, October 2023
- Author, Previously Exempt Employers May Need to Take Action in 2024 under the MyCTSavings Program, CT Tax Alert, January 2024
- Co-Presenter, Part II - SECURE 2.0 in Bite-Sized Chunks: What You Need to Know in 2024, Shipman & Goodwin, November 2023
- The DOL Establishes Salary Levels for 2024/2025 Overtime Pay Exemptions under the FLSA—and Has Substantially Increased Them
- New Jersey Employers Must Act Soon: Are you Ready for RetireReady NJ?
- The FTC Noncompete Ban is Dead and Noncompetes are Alive: Federal Court Has Blocked the Rule
- The Federal Trade Commission’s Noncompete Rule – Dead or Alive?
- Are Your Employees Exempt Under Federal Law? Not If Their Salaries Are Below the New Minimum
- The Bill Comes Due – Workers’ Rights Poster Must Be Distributed July 1
- Second Circuit Casts Doubt on Overly Restrictive Arbitration Clauses in ERISA Plans