Bonita L. Hatchett-Bodle is Of Counsel with Parker, Brown, Macaulay & Sheerin. Bonita has 23 years of large law firm benefits practice with AmLaw 100 Law Firms, serving as ERISA and benefits counsel to national corporations, public sector entities, growth and middle-market companies, jointly-trusteed funds, as well as entrepreneurs in every major industry group, including a national retailer, educational institutions, philanthropic organizations and individuals on employee benefits matters. Bonita has served as the Qualified Plans Vice Chair of the American Bar Association Section of Real Property, Trust and Estate Law as well as a professor of Employee Benefits Law.
Bonita provides advice on all aspects of compliance with ERISA, as well as the tax-qualification and other requirements of the Internal Revenue Code of 1986, as amended (the Code) applicable to qualified defined benefit and defined contribution plans, nonqualified plans, health and welfare arrangements, executive compensation, and other arrangements. She establishes and advises compensation and benefits committees, prepares the policies and procedures, provides ERISA fiduciary advice, analyzes prohibited transactions and individual, class and statutory exemptions.
She also regularly designs and writes union and non-union tax-qualified multi-formula plans established under Sections 401(a), 401(k), 403(b), 457(b)/(f) of the Code, nonqualified plans subject to Section 409A of the Code, health and welfare arrangements, severance and executive compensation plans, other compensatory arrangements, and service provider agreements. Bonita advises plan sponsors on regulatory changes and amends employee benefit plans to comply with current law, to reflect discretionary design changes and pursuant to collective bargaining.
Bonita regularly prepares regulatory submissions to the IRS, the DOL and the PBGC and negotiates with the regulatory agencies on behalf of employers and multiemployer plans to prevent the assessment of penalties and excise taxes and to prevent the disqualification of plans. She corrects plan operational failures under regulatory amnesty programs. She has also served as an employee benefits counsel to the employer trustees of multiemployer plans and public sector pension plans and has represented employers in connection with withdrawal liability and other disputes arising under multiemployer plans.
Bonita negotiates service provider agreements, investment management agreements, subscription agreements, other investment instruments and represents employers and investment advisors in connection with regulatory examinations. She also represents employers in the employee benefits aspects of corporate transactions, designs the employee benefits strategy, conducts benefits due diligence, provides advice on benefits integration issues and coordinates and monitors service provider performance.
GEORGETOWN UNIVERSITY LAW CENTER
Master of Laws (LL.M.) and
Certificate in Employee Benefits Law
RUTGERS UNIVERSITY SCHOOL OF LAW
UNIVERSITY OF MICHIGAN
Bachelor of Arts
Illinois and New Jersey