Jay regularly represents clients in all aspects of employee benefits and executive compensation matters and related fiduciary and tax concerns.
Jay has extensive experience with qualified and non-qualified employee benefit plans as well as executive compensation. He represents clients before the IRS, the Department of Labor, and the Pension Benefit Guaranty Corporation. He has extensive experience handling retirement plans (401(k), profit sharing, 403(b), and defined benefit pension plans) and the employee benefits aspects of mergers and acquisitions, the fiduciary issues pertaining to plan assets, and other commercial transactions. Jay is equally experienced in handling the unique employee benefit requirements of non-profits and educational institutions. In addition, he has designed, drafted, and implemented all types of executive compensation arrangements, including deferred compensation plans, top hat plans, SERPS, and equity-based compensation plans. Jay advises clients on a regular basis regarding welfare benefit programs, including retiree medical benefits, self-insured programs, and cafeteria plans, to comply with the changing law in this area and to protect the client from unwanted claims and expenses. Additionally, he regularly advises clients on Sections 409A and 280G of the Internal Revenue Code. He also counsels in connection with retiree medical benefits issues and the resolution of disputed claims for welfare and retirement plan benefits.
Jay was appointed by the U.S. Department of Labor to the 2025 ERISA Advisory Council, on which he serves as one of three employer representatives. The 15-member council provides advice to the Secretary of Labor on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act of 1974. Jay is also a fellow in the American College of Employee Benefits Counsel and is consistently recognized as a Super Lawyer by his peers. Additionally, he is an adjunct professor at the Temple University Beasley School of Law, teaching a course in qualified plans in the Tax LL.M. program.
Jay earned his undergraduate degree from The Wharton School at the University of Pennsylvania (B.S. economics, cum laude, 1977), his law degree from Rutgers School of Law Newark (J.D., 1980), and his master of laws from New York University Law School (LL.M. taxation, 1984).