People: Jonathan D. Karelitz, Partner

Photo of Jonathan D. Karelitz, Partner

Jonathan D. Karelitz

Partner

Chicago
Direct: (312) 460-5527
Fax: (312) 460-7527
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Jon Karelitz is a partner in the Employee Benefits and Executive Compensation Department of Seyfarth Shaw LLP.  He helps employers develop and manage legally compliant compensation and benefit programs that are aligned with business and employee relations goals.  He partners with his clients to craft practical solutions to strategic and operational challenges regarding retirement plans, group health plans, and executive compensation arrangements.

Retirement Plans.  Mr. Karelitz helps clients implement and administer pension and 401(k) plans.  He has worked on cutting edge pension de-risking projects, including one of the largest pension buyouts in U.S. history.  He also advises clients on the effects of reductions-in-force, spin-offs and other corporate events on existing retirement plans.  Mr. Karelitz routinely assists clients with the correction of plan operational errors, and has represented clients in numerous IRS and DOL audits.

In addition, Mr. Karelitz advises investment committees and plan fiduciaries on the legal implications of all types of managed investments and financial instruments.  He also helps plan administrators respond to participant claims and appeals, and uses project management tools and technology to efficiently manage high-volume claim loads.

Executive Compensation.  Mr. Karelitz helps employers hire, incentivize and discharge key employees.  This work includes negotiating and drafting employment and severance agreements.  Mr. Karelitz also helps clients navigate the complex tax rules governing non-qualified deferred compensation arrangements and performance-based compensation.  In addition, he drafts executive compensation proxy disclosure materials and advises clients regarding compliance with related SEC rules.

Health & Welfare Plans.  Mr. Karelitz advises employers regarding the design and day-to-day administration of group health and welfare plans, including compliance with the evolving landscape of health care reform laws.  He also trains management and HR employees on legal obligations and best practices for the protection of employee health information, as required under HIPAA.

Other Activities.  Mr. Karelitz is a former member of the executive board of the Jewish Council for Youth Services (JCYS), where he chaired the board’s HR committee.  He is also a past programming chair and a member of the steering committee for the Chicago chapter of the Worldwide Employee Benefits Network (WEB).  He currently participates in several initiatives and committees at Northwestern University and the Francis W. Parker School.

Jon Karelitz is a partner in the Employee Benefits and Executive Compensation Department of Seyfarth Shaw LLP.  He helps employers develop and manage legally compliant compensation and benefit programs that are aligned with business and employee relations goals.  He partners with his clients to craft practical solutions to strategic and operational challenges regarding retirement plans, group health plans, and executive compensation arrangements.

Retirement Plans.  Mr. Karelitz helps clients implement and administer pension and 401(k) plans.  He has worked on cutting edge pension de-risking projects, including one of the largest pension buyouts in U.S. history.  He also advises clients on the effects of reductions-in-force, spin-offs and other corporate events on existing retirement plans.  Mr. Karelitz routinely assists clients with the correction of plan operational errors, and has represented clients in numerous IRS and DOL audits.

In addition, Mr. Karelitz advises investment committees and plan fiduciaries on the legal implications of all types of managed investments and financial instruments.  He also helps plan administrators respond to participant claims and appeals, and uses project management tools and technology to efficiently manage high-volume claim loads.

Executive Compensation.  Mr. Karelitz helps employers hire, incentivize and discharge key employees.  This work includes negotiating and drafting employment and severance agreements.  Mr. Karelitz also helps clients navigate the complex tax rules governing non-qualified deferred compensation arrangements and performance-based compensation.  In addition, he drafts executive compensation proxy disclosure materials and advises clients regarding compliance with related SEC rules.

Health & Welfare Plans.  Mr. Karelitz advises employers regarding the design and day-to-day administration of group health and welfare plans, including compliance with the evolving landscape of health care reform laws.  He also trains management and HR employees on legal obligations and best practices for the protection of employee health information, as required under HIPAA.

Other Activities.  Mr. Karelitz is a former member of the executive board of the Jewish Council for Youth Services (JCYS), where he chaired the board’s HR committee.  He is also a past programming chair and a member of the steering committee for the Chicago chapter of the Worldwide Employee Benefits Network (WEB).  He currently participates in several initiatives and committees at Northwestern University and the Francis W. Parker School.

Education

  • LL.M., John Marshall Law School (2007)
    with honors
  • J.D., Indiana University School of Law (2005)
    CALI Award in Employee Benefits Law
  • B.A., Northwestern University (2002)

Admissions

  • Illinois

Affiliations

  • Worldwide Employee Benefits Network, Chicago Chapter (Programming Committee)
  • National Association of Stock Plan Professionals

Presentations

  • Panelist, First 100 & Beyond: Seyfarth's Strategy & Planning Summit For Businesses, presented by Seyfarth Shaw LLP, Chicago, IL (May 25, 2017)
  • “Wellness Programs and the EEOC,” 2017 HR Conferences, Management Association of Illinois (March 16, 2017)
  • “Employer Mandate Reporting,” American Payroll Association Statewide Conference (August 21, 2014)
  • “The Windsor Decision and Employee Benefits: What You Should Know,” American Payroll Association (April 24, 2014)
  • “Designing an Effective Retirement Plan for Your Business,” CPA Leadership Institute web video (March 19, 2014)
  • "The Windsor Decision and Employee Benefits: What You Should Know," HR with Purpose, Management Association of Illinois (March 11, 2014)
  • “DOMA Decision & Employee Benefits: What You Should Know,” Management Association of Illinois, Chicago, IL (November 7, 2013)
  • “Managing Pension Risk in an Uncertain Economy,” WEB Chicago Chapter - Breakfast Meeting (February 27, 2013)
  •  “Legislative Update,” Worldwide Employee Benefits Network, West Suburban Chapter (December 2010)
  •  “Default Investment Alternatives Under Participant Directed Individual Account Plans,” Chicago Bar Association Employee Benefits Committee (October 2006)

Publications

Community Involvement

  • Director of Jewish Council for Youth Services (JCYS)