College of Business > Faculty > A to Z listing of Faculty > Andrew Strimaitis
1 E. Jackson Blvd.DePaul Center 6000 Chicago, IL 6060
LLM, University of FloridaJD, Loyola UniversityBBA, Loyola University
Andrew Strimaitis is a partner in the Compensation & Employment Group of
Barack Ferrazzano Kirschbaum & Nagelberg. He advises on a wide range of benefits
issues including design, implementation, operation and termination of
tax-qualified retirement and welfare benefit plans. Andy regularly advises
clients with respect to ERISA’s fiduciary duty and prohibited transaction rules.
He also has helped clients correct benefit plan defects through Department of
Labor and Internal Revenue Service voluntary correction programs and has
assisted clients with negotiating settlements with regulatory authorities. Andy
has substantial experience drafting and advising on executive and incentive
compensation plans and nonqualified deferred compensation plans, including
advising on the operation of Code Sections 409A (nonqualified deferred
compensation), 162(m) ($1.0 million deduction limit on compensation) and 280G
(change in control). He also advises employers on employee benefits and
executive compensation matters arising in connection with mergers and
acquisitions, as well as the employee benefits transition and integration issues
associated with such transactions.
Andy is the Vice Chair of the Board of Trustees at Merit School of Music. In
addition, he has served as a volunteer attorney for Project SALUTE, a pro bono
legal project that provides assistance on federal benefits issues to U.S.