W. Waldan Lloyd received his law degree from the University of Utah in 1974.  He is admitted to practice before the Utah State and Federal Courts, the United States Tax Court and the Tenth and Eleventh Federal Circuit Courts of Appeals.  He is a member of the Utah State Bar Association, the American Bar Association, the Utah State Bar Tax Section, the American Bar Association Sections on Taxation and Labor and the Taxation Subcommittee on Employee Benefits.  He is a Charter Fellow of the American College of Employee Benefits Counsel.  He is also chair of the ESOP Subcommittee and vice-chair of the Fiduciary Responsibility and Litigation Subcommittees of the ABA Section of Taxation Employee Benefits Committee.  He is a past director and president and current steering committee member of the Western Pension and Benefits Conference (WPBC), Salt Lake Chapter, a past member of the WPBC Joint Program Committee, and co-chaired the WPBC 2002 Annual Meeting.  He was a six-year member of the EP:EO Council for the Dallas Key District of the Internal Revenue Service and chaired the Council for two years.  He was also a member of the TE/GE Council for the Central Mountain Area of the Internal Revenue Service and chaired the Council for two years.   He currently chairs the IRS Pacific Coast Area TE/GE Council.

Mr. Lloyd chairs the firm’s Employee Benefits Section and is a shareholder of the firm.  His clients include sole proprietors, professional corporations, closely held corporations, public corporations, charitable and other tax-exempt entities and governmental entities.  Mr. Lloyd drafts and advises on all forms of retirement plans, as well as VEBAs, welfare benefit programs, cafeteria plans, and COBRA compliance.  Clients’ plans range in size from single participant plans to those covering tens of thousands of employees.

Mr. Lloyd also provides consulting on ERISA compliance matters, including: acting as an independent trustee; advising plan trustees in connection with plan transactions, including those involving decisions to accept tender offers, to purchase publicly traded securities on a leveraged basis, and to sell plan assets; defending plan fiduciaries accused of fiduciary breaches; representing plan participants with claims against fiduciaries for violations of ERISA; representing plans and plan fiduciaries with respect to employee benefit claims; plan mergers and spin-offs; leveraged ESOP buy-outs; applications for prohibited transaction exemptions; IRS plan audits, DOL investigations, and PBGC audits of plan terminations.

Mr. Lloyd frequently lectures on pension and welfare benefit-related issues, and has spoken to numerous professional groups and associations, including the American Bar Association, American Law Institute (ALI-ABA), American Academy of Actuaries, American Society of Pension Professionals & Actuaries, the Conference of Consulting Actuaries, the Society of Actuaries, the Southwest Benefits Association, the National Business Institute, the Utah State Bar, the Western Benefits Conference, the West Florida Pension and Benefits Association, the American College of Trust and Estate Counsel (ACTEC), the Utah Association of Financial Planners, the Utah Association of CPAs, and the American Academy of Matrimonial Lawyers.

MEMBERSHIPS

• U.S. District Court, District of Utah
  – Utah Supreme Court
  – 10th Circuit Court of Appeals
  – 11th Circuit Court of Appeals
• Utah State Bar Association
  – Section of Taxation
• American Bar Association
  – Section of Taxation
  – Section of Labor
  – Employee Benefits Committee
• American College of Employee Benefits Counsel (Charter Fellow)
• Western Pension and Benefits Conference (Steering Committee)

EDUCATION

• University of Utah
  (B.A., 1971, J.D., 1974)
• Johns Hopkins University

PRACTICE AREAS
Employee Benefits & ERISA
Tax & Estate Planning