Russell G. Gully

Russell G. Gully

  • 214.969.1511
    214.880.3187
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Partner

  • Thompson & Knight LLP
    One Arts Plaza
    1722 Routh Street, Suite 1500
    Dallas, TX 75201 USA
    214.969.1511
    214.880.3187
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Russell Gully counsels employers and fiduciaries in all areas of employee benefits, including tax and ERISA issues relating to the design and administration of qualified and nonqualified deferred compensation plans and group health plans. His expertise includes the review and preparation of retirement and health plan documents and assistance with benefit plan implementation. Russell also counsels employers on employee benefits issues arising from business mergers and acquisitions.

Experience

  • Representation of publicly held and privately owned employers in connection with the design and administration of their 401(k) plans, defined benefit pension plans, and nonqualified deferred compensation plans

  • Representation of not-for-profit organizations, including churches, in connection with the design and administration of their defined benefit pension plans, 403(b) programs, and nonqualified deferred compensation plans

  • Representation of employers in connection with the freezing, de-risking, and termination of their defined benefit pension plans

  • Representation of employers in connection with the obligations of the Affordable Care Act

  • Representation of employers in connection with the obligations of their group health plans to provide COBRA continuation coverage and to comply with the HIPAA portability, privacy and security rules

  • Representation of employers in connection with the implementation and ongoing administration of their welfare benefit plans, cafeteria plans, spending account plans, retiree health reimbursement arrangements (HRAs), voluntary employees' beneficiary associations (VEBAs), and occupational injury benefit plans

  • Representation of employers negotiating with the Internal Revenue Service over corrections under the Employee Plans Compliance Resolution System (EPCRS) in connection with qualified plan matters

  • Representation of employers in connection with benefit plan audits by the Internal Revenue Service, Department of Labor, and Pension Benefit Guaranty Corporation

  • Representation of employers in connection with the administration and consolidation of 401(k) plans and other benefit plans following business mergers and acquisitions

Published Case

  • Keen v. Weaver, 121 S.W.3d 721 (Tex.), cert. denied, 540 U.S. 1047 (2003)

Distinctions/Honors

  • The Best Lawyers in America® by Woodward/White Inc. (Employee Benefits (ERISA) Law); 2011-2018
  • “Recommended Attorney,” The Legal 500 US by Legalese (Industry Focus: Environment: Regulatory); 2017

Activities (Memberships/Affiliations)

  • Member, American Bar Association; Taxation Section; Co-Chair, IRA Accounts & Plan Distribution Committee, Real Property, Trust and Estate Law Section

  • Member, State Bar of Texas; Taxation Section, Employee Benefits Committee

  • Member, Dallas Bar Association; Employee Benefits/Executive Compensation Section, Executive Council, 1993-1995

  • Member, SouthWest Benefits Association

  • Member, St. Thomas More Society

  • Board of Directors, Texas Exes Dallas Chapter

  • Instructor, Richland College, 1994-1995; Employee Benefits, Legal Overview

  • Member, Knights of Columbus; State Advocate, Texas State Council, 1996-1998