Dan Sherman
My name is Dan, and I work with non-qualified deferred compensation. My clients are organizations and executives who are interested in setting up a new SERP or want to change existing arrangements. This can be complicated. Sometimes it is complicated because of laws and regulations, and sometimes because it deal with tricky details. Frequently, it is both.
For employers: I help establish loan-regime split dollar agreements and non-qualified deferred compensation plans. The IRS and other agencies have many regulations surrounding these types of arrangements. I help organizations understand which interest rates apply, what vesting events are permissible, and how they can pay their executives.
For employees: These plans and arrangements can be confusing. I know the ins and outs of how they work and can explain the intricacies so that you can make informed decisions about your options.
Professional History at
Sherman & Patterson, Ltd.
2011—2023
- Drafting
- Drafted thousands of loan regime split dollar agreements and non-qualified deferred compensation plans for tax-exempt clients in every state.
- Process Optimization
- Recognized opportunities to leverage existing data and used that to optimize and accelerate our documentation process.
- Data Analysis
- Created dashboards with client snapshots integrating data from sources like the NCUA's Call Reports and the IRS's Form 990.
- Regulatory Compliance
- Helped clients plan to comply with changing laws and regulations, such as the excise taxes under 26 U.S.C. §4960 and the proposed regulations for 26 C.F.R. §1.457-11.
Education
- University of St. Thomas School of Law
- 2011 - Juris Doctor
- University of Minnesota
- 2008 - B.A. Economics