Ricardo Carlo is special counsel in the Tax Practice Group. Ricardo’s practice involves advising employers on all aspects of their employee benefit programs, with a focus on health and welfare plans.
Ricardo counsels employers on the wide range of federal and state laws that affect the design and administration of health and welfare benefit plans, including cafeteria plans, health reimbursement arrangements (HRAs), flexible spending arrangements (FSAs), health savings accounts (HSAs), voluntary employees’ beneficiary associations (VEBAs), wellness programs, fringe benefits, and other health and welfare benefit arrangements. Ricardo also advises employers on compliance with the Affordable Care Act, including “pay or play” rules, reporting requirements, insurance market reforms, and the ACA’s fees, penalties, and tax provisions.
Ricardo also has extensive experience in issues affecting qualified and non-qualified retirement plans, such as 401(k) plans, ESOPs, and defined benefit plans, including cash balance plans and executive compensation plans, including plan design, ongoing administration, and preparation of voluntary compliance program corrections.
Ricardo also advises plan sponsors and administrators on ERISA’s reporting and disclosure requirements, HIPAA, COBRA, ERISA fiduciary duties, prohibited transaction rules, plan termination, and benefits issues in M&A deals. Ricardo also frequently represents clients before government regulatory agencies, including the Internal Revenue Service and the Department of Labor.
Before joining Jones Walker, Ricardo practiced as a labor, benefits, contracts, and commercial litigation attorney in Puerto Rico.