Tim Goodman
PEOPLE

Tim Goodman

Partner
goodman.timothy@dorsey.com

Overview

TIM WORKS WITH EMPLOYERS TO ASSIST THEM IN UNDERSTANDING AND NAVIGATING THROUGH COMPLEX TAX, EMPLOYMENT, AND OTHER LAWS THAT GOVERN THE BENEFITS THEY PROVIDE TO EMPLOYEES AND EXECUTIVES.

Tim Goodman works with employers on medical plans, retirement plans, executive compensation, and a wide range of benefits. Tim works with a broad array of employers, with a special focus on assisting cooperatives, agribusiness companies, hospitals and health care entities, banks and financial institutions, and Alaskan Native Corporations.Employers have Tim provide advice on health care reform (the ACA), wellness plans, and other welfare plan matters (ranging from cafeteria and health FSAs to severance and tuition plans). With respect to health care reform, Tim advises employers on the new fees (from the employer shared responsibility fee to the Cadillac tax), assists them in preparing for reporting on Form 1095-C, and explains the new requirements ranging from notice requirements to plan mandates.Tim recognizes the complex nature of the rules governing retirement plans and works with employers to review operations, address errors, and help employers maintain the tax-qualified status of their plans. Tim advises employers on qualified and nonqualified retirement plans (including defined benefit, 401(k), 403(b), 457(b), and 457(f) plans, and section 409A).

Education & Admissions

University of Minnesota Law School (J.D., 1998), magna cum laude
Member, Minnesota Law Review
Director, National Moot Court

University of Minnesota (B.A., 1993)

Admissions

  • Minnesota

Experience

Representative Work

Representative examples of employee benefit matters that Tim has assisted employers with recently include:

  • assisting employers with questions regarding compliance with the Affordable Care Act
  • assisting employers with the design of wellness programs
  • working with employers to respond to IRS and DOL audits
  • assisting employers with correcting retirement plan errors
  • assisting health care entities in establishing 457(b) plans
  • assisting health care entities with 457(f) plans and section 409A
  • assisting health care entities and tax-exempt organizations with executive employment agreements
  • assisting private and public employers reviewing retiree medical benefits
  • assisting employers with DOL investigations
  • assisting employers with plan submissions to the IRS for favorable determination letters
  • preparing HIPAA health privacy documents for employers including plan amendments, policies and procedures, and privacy notices
  • assisting tribal entities with questions regarding the applicability of ERISA and plan qualification

News & Resources

Articles

Relief and New Concerns: Notice 2010-6 and Correcting Section 409A Document Failures
"Minnesota Changes Taxation of Nonresidents on Income earned in Minnesota," Practical US/Domestic Tax Strategies
New 403(b) Regulations, New DOL Guidance on 403(b) Plans, and the End of 90-24 Transfers
The Clock is Ticking: Treasury and IRS Issue Final 409A Regulations – Employers Must Act to Amend Plans to Comply
Notice to Defer Distribution: January 1, 2007 Effective Date for Calendar Year Plans
IRS Issues Draft Transition Relief on Tribal Plans Provisions in Pension Protection Act
Pension Protection Act Applies ERISA to Tribal Plans
ERISA’s Applicability to Tribal Entities
"Proposed Legislation Would Affect Benefit Plans" Indian Gaming
Prescott v. Little Six, Inc: The Eighth Circuit Reverses
Mutual Fund Investigations
"Does ERISA Apply to Your Employee Benefit Plans?" Indian Gaming
DOL Guidance on Loans to Executive Officers and Directors

News & Press Mentions

Dorsey Partner Tim Goodman Provides Insight on Supreme Court’s Hobby Lobby Decision
Dorsey Partner Tim Goodman Remarks on How Benefits are Impacted by State Tax Code
Dorsey Partner Greg Saylin Comments on Utah Same Sex Marriage Appeal
Dorsey Partner Tim Goodman explains changing state taxes on education and adoption
Dorsey Partner Tim Goodman comments on new tax bites on the way for certain Minnesotans, Minnesota Public Radio

Legal Writings

  • Contributing author for the ERISA chapter of Employment Law and Practice, 3d ed., Minnesota Practice Series, published by West (2011 plus annual updates)
  • Author of numerous client updates

Select Presentations

  • “Tribal Health Benefits – Sources of and Contracting on Benefits,” Health Law Institute, Minnesota CLE, June 2016
  • “The Gig is Up: Taxes, ACA Penalties, and Employment Law Risks of Contractor Misclassification and Joint Employer Status for Leased Employees,” Minneapolis Seminar, June 2016
  • “Penalties, Liabilities, and Risks: Misclassification of Employees and Joint Employment Consequences,” Employment Law Institute, Minnesota CLE, May 2016 
  • “The Affordable Care Act: Are We There Yet? (Answer: No),” Fargo Seminar, May 2016
  • “Taxing Benefits: Taxing prizes, Awards, Gifts, Expenses, PTO, and More,” Fargo Seminar, May 2016
  • “Benefits Law Update,” Fargo Seminar, May 2016
  • “Penalties, Liabilities, and Risks: Misclassification of Employees and Joint Employment Consequences,” Fargo Seminar, May 2016
  • “Taxing Benefits: Properly Taxing Fringe Benefits, Gifts, and Paid Leave Plans,” Minnesota Rural Electric Association, April 2016 
  • “The Gig is Up:  Taxes, ACA Penalties, and Employment Law Risks of Contractor Misclassification and Joint Employer Status for Leased Employees,” Minnesota Rural Electric Association, April 2016 
  • “Benefits Check-Up – Preventing Unhealthy Reviews by the IRS, DOL, and EEOC,” Minneapolis Seminar, March 2016
  • “Wellness program Update and Design,” Advanced Employee Benefits Workshop, Minnesota CLE, February, 2016 
  • “Designing Your Wellness Plan to Avoid Enforcement Action and Litigation Risks,” Lorman Seminar, February 2016
  • “ACA Reporting: Tackling Complex Form 1095-C Situations and Preparing for Form 1094-C,” National Society of Accountants for Cooperatives, February 2016
  • “ACA Reporting:  Are You Ready for Form 1095-C Reporting in January 2016?,” National Society of Accountants for Cooperatives – North Central Chapter, November 2015
  • “ACA Reporting:  Are You Ready for January 2016?,” National Society of Accountants for Cooperatives, November 2015 
  • “ACA Cadillac Tax,” National Conference of Farmer Cooperatives HR Conference, October 2015
  • “ACA Reporting:  Form 1095-C and Employer Shared Responsibility,” National Conference of Farmer Cooperatives HR Conference, October 2015
  • “ACA Reporting:  Preparing for January 2016, Form 1095-C, Form 1094-C, and More,” National Cooperative Business Association, October 2015
  • “Joint Employers, Leased Employees, and Independent Contractors:  Worker Classification Stakes Heat Up,”  Minnesota Society of Human Resource Professionals, October 2015
  • “ACA Cadillac Tax,” Fargo Seminar, September 2015
  • “ACA Reporting:  Form 1095-C and Employer Shared Responsibility,” Fargo Seminar, September 2015
  • “HIPAA Compliance,” North Dakota Rural Electric Cooperatives Office Managers and Accountants Association, September 2015
  • “ACA Cadillac Tax,” North Dakota Rural Electric Cooperatives Office Managers and Accountants Association, September 2015
  • “ACA Points Not to Miss,” North Dakota Rural Electric Cooperatives Office Managers and Accountants Association, September 2015
  • “ACA Reporting:  Form 1095-C,” North Dakota Rural Electric Cooperatives Office Managers and Accountants Association, September 2015
  • “Affordable Care Act:  What is Next?  Deadlines and Developments,” National Society of Accountants for Cooperatives and National Rural Electric Cooperative Association Annual Meeting, August 2015
  • “ACA Employer Shared Responsibility Payment and Tax Reporting,” National Society of Accountants for Cooperatives and National Rural Electric Cooperative Association Annual Meeting, August 2015
  • “Paid Time Off, Awards, prizes, Gifts, and Turkeys – The Taxing World of Fringe Benefits,” LeadingAge Iowa, June 2015
  • “The ACA: Counting Hours, Court Cases, and Cadillac Taxes (and That is Just the Cs),” Employment Law Institute, Minnesota CLE, May 2015
  • “Responding to the ACA: Fees, Forms, and Risks,” Business Law Institute, Minnesota CLE, May 2015
  • “The Affordable Care Act: Checklist of Points Not to Miss,” Fargo Seminar, May 2015
  • “Retirement Plans: Avoiding Costly Mistakes,” Fargo Seminar, May 2015
  • “Handbooks: Best Practices,” Fargo Seminar, May 2015
  • “HIPAA Compliance,” Fargo Seminar, May 2015
  • “EEOC and DOL Challenges to Wellness Plans,” Fargo Seminar, May 2015
  • “Responding to the ACA: Fees, Forms, and Risks,” Business Law Institute, Minnesota CLE, May 2015
  • “Wellness Programs: EEOC Enforcement Actions and Complying with Federal and State Laws,” Lorman Seminar, April 2015
  • “Challenging Times: NLRB Decisions on Joint Employers, EEOC Action on Wellness Plans, and ACA Risks,” Human Resources Executive Council, March 2015
  • “Affordable Care Act: Implementation and Challenges (Fees, Forms, and Mandates),” National Council of Farmer Cooperatives Annual Conference, February 2015
  • “Benefits – Penalties, Costs, and More: 2014 Recap and Looking Ahead to 2015,” Minneapolis Seminar, February 2015
  • “Wellness Programs: Impact of the New HIPAA Nondiscrimination Regulations and Other Federal Laws and Guidance,” Lorman Seminar, October 2014
  • “Affordable Care Act: Implementation and Challenges,” National Council of Farmer Cooperatives Human Resources Conference, October 2014
  • “Timeline, Key Dates, and Mandates: ACA Business Application,” Cooperative Network, September 2014
  • “Affordable Care Act Basics for the Non-Health Law Attorney,” Minnesota CLE, June 2014
  • “The Affordable Care Act – What You Need to Know,” Employment Law Institute, Minnesota CLE, May 2014
  • “The Affordable Care Act – What You Need to Know,” Business Law Institute, Minnesota CLE, May 2014
  • “The Affordable Care Act – Countdown to Employer Taxes and Reporting,” Fargo Seminar, May 2014
  • “Paid Time Off, Awards, Prizes, Gifts, and Turkeys – The Taxing World of Fringe Benefits,” Fargo Seminar, May 2014
  • “Wellness Programs: Impact of the New HIPAA Nondiscrimination Regulations and Other Federal Laws and Guidance,” Lorman Seminar, April 2014
  • “The Affordable Care Act: Tax, Reporting, and Other Provisions Affecting Employer Health Plans,” MSBA Tax Section, April 2014
  • “The Affordable Care Act – Employer Shared Responsibility (4980H), 90-Day Waiting Period, and Reporting Under 6055 and 6056, Minneapolis Seminar, April 2014
  • “Employment & Benefits - Review & Preview - A Look Back at 2013 and a Look Ahead to 2014,” Minneapolis Seminar, February 2014
  • “Overview of Key Provisions Affecting Businesses and Individuals,” Minnesota CLE, January 2014
  • “The Affordable Care Act – Collective Bargaining Considerations and FLSA Changes,” The 40th Annual Labor & Employment Law Institute, Minnesota CLE, November 2013
  • “Wellness Programs: Impact of the New HIPAA Nondiscrimination Regulations and Other Federal Laws and Guidance,” Lorman Seminar, October 2013
  • “DOMA's Demise: Same-Sex Spouses (and Domestic Partners), Employer Benefits, and Taxes,” Lorman Seminar, October 2013
  • “Health Care Reform for Employers: Are You Prepared for 2014 and Beyond?” Iowa Hospital Association, October 2013
  • “Top Benefit Concerns for 2013: DOMA, Health Care Reform, and HIPAA,” Minneapolis Seminar, September 2013
  • “Impact of the Supreme Court’s Decision that DOMA is Unconstitutional: Employer Considerations and Action Steps on Benefits for Same-Sex Spouses,” Iowa Hospital Association, September 2013
  • “The Supreme Court’s DOMA Decision: What it Means for Employer Benefits for Same-Sex Spouses,” Minneapolis Seminar, August 2013
  • “HIPAA: Complying with the New Final Regulations and Preparing for Audits,” Agassiz Valley Human Resources Association, May 2013
  • “Health Care Reform 2013 & 2014: Taxes, Fees, and More Requirements,” Fargo Seminar, May 2013
  • “HIPAA: Complying with the New Final Regulations and Preparing for Audits,” Fargo Seminar, May 2013
  • “Avoiding Costly Retirement Plan Mistakes,” Fargo Seminar, May 2013
  • “Wellness Programs: Recent Regulatory Developments and the Matrix of Federal Laws Governing Efforts to Encourage Better Health,” Lorman Seminar, April 2013
  • “In-Plan Roth Conversions,” Midwest pension Conference, April 2013
  • “Health Care Reform 2013 & 2014: Taxes, Fees, and More Requirements,” Minneapolis Seminar, March 2013
  • “Health Care Reform Taxes and Fees: Employer Shared Responsibility, Patient-Centered Outcomes Research, and Transition Reinsurance Fees,” Minneapolis Seminar, March 2013
  • “Same-Sex Marriages, Civil Unions, and Domestic Partnerships – From Benefits to Form W-2,” Lorman Seminar, February 2013
  • “Labor, Employment, & Benefits Review & Preview: A Look Back at 2012 and a Look Ahead at 2013,” Minneapolis Seminar, February 2013
  • “Impact of the Affordable Care Act,” Minnesota Closely Held Business Conference, Minnesota CLE, January 2013
  • “Health Care Reform Update,” Leading Age of Iowa, Des Moines Seminar, November 2012
  • “Wellness Programs: Underlying Legal Requirements and Impact Developments,” Lorman Seminar, October 2012
  • “Health Care Reform: Approaching Deadlines & Decisions – 2012, 2013, and 2014,” Minneapolis Seminar, October 2012
  • “Health Care Reform Update,” Leading Age of Iowa, September 2012
  • “Health Care Reform Update,” Missouri Hospital Association Seminar, September 2012
  • “Same-Sex Marriages, Civil Unions, and Domestic Partnerships – From Benefits to Form W-2,” Lorman Seminar, August 2012
  • “Health Care Reform: The Supreme Court – Its Decision (or What We Think It Will Be),” TruSight Seminar, Minneapolis, June 2012
  • “Wellness Programs: Underlying Legal Requirements and Impact Developments,” TruSight Seminar, Minneapolis, June 2012
  • “Wellness Programs: Watching the Law While Promoting Health,” Health Law Institute, Minnesota CLE, June 2012
  • “ERISA and Investment Professionals,” Minneapolis Seminar, June 2012
  • “Do 401(k) Plans Provide Retirement Income for Life,” MSBA Employee Benefits Section Seminar, May 2012
  • “Health Care Reform,” Fargo Seminar, May 2012
  • “High Deductible Health Plans and Health Savings Accounts,” Fargo Seminar, May 2012
  • “Wellness Programs: Underlying Legal Requirements and Impact Developments,” Lorman Seminar, April 2012
  • “Debriefing: The Supreme Court Arguments on Health Care Reform,” Minneapolis Seminar, April 2012
  • “Avoiding Top Retirement Plan Mistakes,” ISCEBS Seminar, Minneapolis, April 2012

Industries & Practices

Educational Publishing, Technology & Services
Non-Profit & Tax Exempt Organizations
  • Banking
  • Benefits & Compensation
  • Clean Technology
  • Cooperative Law
  • Educational Publishing, Technology & Services
  • Electric Power
  • Executive Compensation
  • Food, Beverage & Agribusiness
  • Health Care
  • Indian & Alaska Native
  • Mergers & Acquisitions
  • Mining & Natural Resources
  • Non-Profit & Tax Exempt Organizations

Professional & Civic

Professional Achievements

  • Member, National Council of Farmer Cooperatives, Legal, Tax & Accounting – Employment and Benefits Law Subcommittee
  • Advisory Council Member, Employee Benefits Section, Minnesota State Bar Association
  • Past President, Midwest Pension Conference
  • Past President, Minneapolis Pension Council
  • Member, ABA, Labor and Employment Law Section and Taxation Section
  • Member, Minnesota State Bar Association, Employee Benefits Section and Taxation Section
  • Member, Hennepin County Bar Association
  • Member and Past President, Board of Directors, Minnesota Justice Foundation (a non-profit corporation that promotes pro bono opportunities for law students and fundraises to support clerkships at public interest agencies serving low-income individuals)
  • Past Adjunct Professor, University of Minnesota Law School

Accolades

North Star Lawyer logo

  • MSBA North Star Lawyer, 2012-2016
Tim Goodman