People: Jake R. Downing, Partner

Photo of Jake R. Downing, Partner

Jake R. Downing

Partner

Chicago
Direct: (312) 460-5581
Fax: (312) 460-7581
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Mr. Downing is a Partner in the Employee Benefits & Executive Compensation Department of Seyfarth Shaw LLP.  Mr. Downing advises employers on a broad range of employee benefit matters.  Mr. Downing has experience counseling clients on qualified and nonqualified retirement and welfare plan matters regarding plan design and administration, fiduciary responsibility, claims procedures, disclosure requirements, and general ERISA compliance. 

He has assisted clients in drafting benefit plans and amendments including defined contribution plans, defined benefit plans, executive employment agreements, equity incentive plans, directors compensation plans, and health and welfare plans.  He has also reviewed administrative service agreements with third-party providers to determine whether such agreements adequately represent the client’s best interests.

He has conducted compliance audits on behalf of clients in order to proactively assess any potential liabilities, and he has experience representing clients before the IRS and U.S. Department of Labor. Such experience includes working with these agencies to correct: (1) tax qualification errors, (2) Code Section 409A errors, (3) the improper withholding and remittance of FICA taxes on non-qualified deferred compensation, and (4) breaches of fiduciary duty.

In addition, Mr. Downing has particular expertise in advising clients on the international tax and benefits issues arising from a mobile and multinational workforce.

Mr. Downing is a Partner in the Employee Benefits & Executive Compensation Department of Seyfarth Shaw LLP.  Mr. Downing advises employers on a broad range of employee benefit matters.  Mr. Downing has experience counseling clients on qualified and nonqualified retirement and welfare plan matters regarding plan design and administration, fiduciary responsibility, claims procedures, disclosure requirements, and general ERISA compliance. 

He has assisted clients in drafting benefit plans and amendments including defined contribution plans, defined benefit plans, executive employment agreements, equity incentive plans, directors compensation plans, and health and welfare plans.  He has also reviewed administrative service agreements with third-party providers to determine whether such agreements adequately represent the client’s best interests.

He has conducted compliance audits on behalf of clients in order to proactively assess any potential liabilities, and he has experience representing clients before the IRS and U.S. Department of Labor. Such experience includes working with these agencies to correct: (1) tax qualification errors, (2) Code Section 409A errors, (3) the improper withholding and remittance of FICA taxes on non-qualified deferred compensation, and (4) breaches of fiduciary duty.

In addition, Mr. Downing has particular expertise in advising clients on the international tax and benefits issues arising from a mobile and multinational workforce.

Education

  • J.D., Loyola University, Chicago, School of Law (2006)
    magna cum laude
  • Tax Certificate, Loyola University, Chicago, School of Law (2006)
  • B.A., University of Minnesota (2001)

Admissions

  • Illinois

Affiliations

  • American Bar Association
  • Loyola University Chicago School of Law Alumni Association
  • University of Minnesota Alumni Association (Chicago Chapter)

Publications