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    1. Home
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    3. Thomas J. McCordPeople
    1. Home
    2. People
    3. Thomas J. McCordPeople

    Thomas J. McCord

    Partner


    • Boston
    • Office617.345.1337
    • tmccord@nixonpeabody.com
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    Introduction

    Thomas J. McCord’s practice deals primarily with employee benefits, including all ERISA issues, retirement plans, insurance and flexible benefit programs and executive compensation arrangements. He is also experienced in the areas of tax-exempt organizations and estate planning and administration.

    Practice Areas

    Labor & Employment

    My focus

    My three decades of experience enable me to quickly analyze and develop an action plan for a broad range of employee benefits issues presented by clients. Recently, I have been assisting many clients in the following areas.

    Retirement plans

    Clients commonly call me regarding operational errors they have discovered in their plan administration. They are often quite concerned about the potential effects on the qualification of their plans and the need for potential IRS filings. I work with my clients to determine the extent of any problem and explain the alternatives available for making correction. These corrections often can avoid any IRS filing.

    Executive compensation

    Increasingly I am consulted by both private and public companies about arrangements for attracting, incenting and retaining their key employees, using either equity or cash-based benefits. For example, I recently designed and documented a combined equity and cash retention benefit program for a company that needed to be able to retain its key executive through and after a potential sale.

    Tax-exempt organizations

    I enjoy counseling nonprofit and tax-exempt organizations on how they can make their unique compensation goals harmonize with special tax code rules. In this regard I recently helped a hospital restructure a deferred compensation program for its senior staff and physicians so as to satisfy better the complex requirements of Sections 457 and 409A of the tax code.

    Looking ahead

    I see a growing number of clients interested in exploring alternatives for special compensation arrangements to attract and retain key employees, including supplemental retirement, equity and health benefits.

    In the news

    • Mergers & Acquisitions

      Gemspring Capital buys Amplix

      The following article covers the merger of technology advisory firms ROI Communications, Blue Front Technology Group, and allConnex into a new company, Amplix, which was then acquired by an affiliate of Gemspring Capital Management. The coverage mentions NP as legal advisor for the three firms that merged and were acquired. Corporate partners Greg O’Shaughnessy from Boston and Rachel Pugliese from New York City led the NP deal team, which also included Corporate partners Tom McCord from Boston, Sean Clancy from Washington, DC, and Sam Kim from Chicago; Manchester Affordable Housing & Real Estate partner Mark Beaudoin; Chicago IP partner Janet Garetto; Boston Labor & Employment partner Jeff Gilbreth; Chicago Labor & Employment counsel Kamau Coar; Corporate associates Paul DeTurk and Carolyn Glynn from Boston and Corey Habib from Manchester; Chicago IP associate Eliana Torres; Manchester Corporate department attorney Dave Zimmermann; and Boston Corporate senior paralegal Robert Isaacson.

      Dec 13, 2022
    • Channel Futures

      PE-backed New England technology advisor team-up forms Amplix

      The following article covers the merger of technology advisory firms ROI Communications, Blue Front Technology Group, and allConnex into a new company, Amplix, which was then acquired by an affiliate of Gemspring Capital Management. The coverage mentions NP as legal advisor for the three firms that merged and were acquired. Corporate partners Greg O’Shaughnessy from Boston and Rachel Pugliese from New York City led the NP deal team, which also included Corporate partners Tom McCord from Boston, Sean Clancy from Washington, DC, and Sam Kim from Chicago; Manchester Affordable Housing & Real Estate partner Mark Beaudoin; Chicago IP partner Janet Garetto; Boston Labor & Employment partner Jeff Gilbreth; Chicago Labor & Employment counsel Kamau Coar; Corporate associates Paul DeTurk and Carolyn Glynn from Boston and Corey Habib from Manchester; Chicago IP associate Eliana Torres; Manchester Corporate department attorney Dave Zimmermann; and Boston Corporate senior paralegal Robert Isaacson.

      Dec 13, 2022
    • The Deal

      Resonetics to acquire two SAES units

      The following article covers Resonetics LLC’s $900 million agreement to acquire Memry Corp. and SAES Smart Materials Inc. from NP client SAES Getters SpA. The article mentions Manchester partner and Private Equity & Family Offices team leader Phil Taub and Boston partner Amy O’Keefe, both of the Corporate group, for leading the NP team representing SAES Getters on U.S. legal matters. The team also includes Chicago partner and Global Finance co-leader Rob Drobnak; Corporate partners Alexandra Lopez-Casero and Thomas McCord from Boston, Andrew Share from Manchester, and Sean Clancy from Washington, DC; Affordable Housing & Real Estate partners Mark Beaudoin from Manchester and Alison Torbitt from San Francisco; Boston Labor & Employment partner Jeff Gilbreth; Rochester Intellectual Property partner Kristen Walsh; Washington, DC Complex Disputes partner and Antitrust leader Gordon Lang; Manchester Government Investigations & White-Collar Defense partner Mark Knights; Rochester counsel and Cybersecurity & Privacy deputy leader Jenny Holmes; Boston Corporate counsel David Crosby; Washington, DC Complex Disputes counsel Brian Whittaker; Albany Affordable Housing & Finance counsel Dana Stanton; Corporate associates Shaziah Singh from New York, Anthony Bova from Boston, Corey Habib from Manchester, and Hrishikesh Shah from Chicago; and Manchester Corporate department attorney Dave Zimmermann.

      Dec 9, 2022
    • Law360

      Stretch IRA limits may put damper on small biz plans

      Boston Corporate partner Tom McCord is quoted in this article discussing the stretch IRA, a popular retirement planning technique that was eliminated in a bill recently passed by the House of Representatives.
      June 20, 2019
    • Big Sky Business Journal

      Montana Highlights

      Nixon Peabody is mentioned in this roundup of major Montana business news for its representation of Eagle Bancorp Montana, Inc., in its acquisition of Ruby Valley Bank in Twin Bridges, Montana. Nixon Peabody’s deal team was led by Public Company Transactions partner Lloyd Spencer and senior counsel Ray Gustini and included Public Company Transactions partner Sean Clancy, Real Estate partner Colette Dafoe, Energy & Environmental Group partner Jean McCreary, and Labor & Employment partners Jeff Gilbreth, Yelena Gray and Tom McCord.
      April 9, 2018
    • Massachusetts Lawyers Weekly

      IRA rollover rule poses trap for lawyers, clients

      Boston Labor & Employment partner Tom McCord discusses the individual retirement account rule providing the ability to conduct multiple indirect rollovers from one IRA to another.
      July 21, 2014

    Admitted to practice

    Massachusetts

    Education

    Harvard University, J.D., cum laude
    Yale University, B.A., summa cum laude

    Professional activities

    • American Bar Association
    • American Law Institute
    • Boston Bar Association
    • Massachusetts Bar Association
    • Member of the Board and past officer of the Massachusetts Chapter of the National Institute of Pension Administrators

    Recognition

    Tom was selected, through a peer-review survey, for inclusion in The Best Lawyers in America® 2023 in the field of Employee Benefits (ERISA) Law. Thomas has been listed in Best Lawyers since 2016.

    Tom has been recognized for exceptional standing in the legal community in Chambers USA: America’s Leading Lawyers for Business 2022 for Employee Benefits & Executive Compensation (Massachusetts). He has also been recognized in Chambers in previous years, and noted for having a “unique ability to boil down complex issues and get to the heart of an issue, and then deliver clear, cogent advice.”

    Tom received an AV® Preeminent Rating in Labor & Employment Law, the highest rating by Martindale-Hubbell. He is also an Acritas Star independently rated lawyer.

    Insights And Happenings

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    • Press Release

      Nixon Peabody advises safety technology company in acquisition of medical device manufacturer

      Oct 14, 2022
    • Press Release

      Nixon Peabody attorneys, practices recognized by Chambers USA

      June 1, 2022
    • Press Release

      Chambers USA recognizes Nixon Peabody attorneys and practices as industry leaders

      May 20, 2021
    View All

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      • Long Island
      • Office:516.832.7613
      • tdaub@nixonpeabody.com
      Tara E. Daub
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      • Office:213.629.6177
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    • Kimberly Harding

      Partner / Deputy Leader, Litigation Department
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      • Office:585.263.1037
      • kharding@nixonpeabody.com
      Kimberly Harding
    • Stacie B. Collier

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      • Providence
      • Office:401.454.1018
      • sbcollier@nixonpeabody.com
      Stacie B. Collier
    • Rachel L. Conn

      Partner / Leader, Occupational Safety & Health (OSHA) Practice
      • San Francisco
      • Office:415.984.8216
      • rconn@nixonpeabody.com
      Rachel L. Conn
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