Mark Baumann
Partner
f612.642.8339
mark.baumann@maslon.com
3300 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402
Mark Baumann is a partner in Maslon's Business & Securities Group. His practice is primarily tax-related, including employee benefits, executive compensation (current or deferred), equity-based incentive plans, tax planning and tax disputes, partnerships, joint ventures, limited liability companies, other closely held businesses, professional firms and tax-exempt organizations. Mark has designed many retirement plans that maximize tax-deferred benefits for executives and business owners, and works closely with actuarial consultants to attain those results. Mark has also drafted flexible benefit plan documents and related employee summaries that combine all of an employer's health and welfare and cafeteria programs into a single plan for reporting and disclosure under ERISA. He has extensive experience in drafting documents for complex financial transactions such as joint ventures, as well as plain language documents such as benefit plan summaries. Mark's ability to work with financial concepts is based partly on his business experience. Before joining the Maslon firm, he was Manager of Tax, Risk and Insurance at Fingerhut Corporation, and worked as an actuarial trainee computing rates for a large life insurance company.
- Business & Securities
- Closely Held Businesses
- Executive Compensation & Agreements
- Employee Benefits
- Tax
- Sustainable Business & Social Enterprise
- William Mitchell College of Law, St Paul, Minnesota,
1979
J.D.
Honors: Cum Laude - St Mary's College, Winona, Minnesota,
1966
B.A.
Honors: Cum Laude
Major: Business and Accounting - Army Officer Candidate School, Fort Benning, Georgia, 1967
- Minnesota, 1979
- U.S. Tax Court, 1989
- Minnesota State Bar Association - Member
- Minnesota State Bar Association, Employee Benefits Section - Member, Former Chair
- Hennepin County Bar Association, Tax Section - Member, Former Chair
- Minneapolis Pension Council - Member, Former Chair
- Midwest Pension Conference - Member
- Correction of Code Sec. 409A Errors under Notice 2008-113 & Otherwise, Co-Presenter, Minneapolis Pension Council, 2009
- Pay Me Now or Pay Me Later. How will IRC Section 409A Final Regulations Impact Executive Compensation? What matters. A Maslon speaker series. June 2007, 2007
- Deferred Compensation under New Code Section 409A, Co-Presenter, Minneapolis Pension Council, 2005
- Health Savings Accounts (HSAs), Co-Presenter, Minneapolis Pension Council, 2004
- What is a "Cash Balance" Pension Plan? And Why Use One?, Wachovia Securities Lunch and Learn Meeting, 2004
- Tax Change for Divided Deferred Compensation & Options; Updates on QDRO Problems & QCSMOs, American Academy of Matrimonial Lawyers, 2003
- Retirement Plan Changes for Tax-Exempt and Government Entities, Minneapolis Pension Council, 2002
- How Are Employee Benefits, Equity-Based Compensation and Deferred Compensation Different in a Partnership or Limited Liability Company?, Hennepin County Bar Association, Tax Section, 2002
- How Are Employee Benefits, Equity-Based Compensation and Deferred Compensation Different in a Partnership or Limited Liability Company?, Minneapolis Pension Council, 2000
- Final Treasury Regulations Allow Elimination of Optional Payment Forms from Qualified Retirement Plans, Minneapolis Pension Council, 2000
- S Corporations and ESOPs - Do They Belong Together?, Minnesota Institute of Legal Education; Minneapolis Pension Council; Minnesota Corporate Fiduciaries meeting, 1999
- Valuing and Dividing Retirement Benefits; Health Coverage Orders for Children, Tax Aspects of Divorce in Minnesota, NBI Seminar, 1999
- Planning for Distributions from Qualified Plans and IRAs, Advanced Employee Benefits Workshop, Minnesota State Bar Association, Continuing Legal Education, 1997
- How are Employers Using Life Insurance for Employee Retirement Funding, Annual Employee Benefits Institute, Minnesota State Bar Association, Continuing Legal Education, 1995
- How do Employers Use Deferred Compensation to Create Equity-Based Incentive Plans for Key Employees?, Midwest Pension Conference Summer Retreat, 1995
- ERISA Fiduciary Liability and Prohibited Transaction Rules and Exemptions in the Sale of Sophisticated Life Insurance Products to an Employee Benefit Plan or Employer, Minnesota Institute of Legal Education, 1994
- New Cobra Regulations, Employee Benefits Planner, Fourth Quarter, 2004
- Top-Listed, Best Lawyers in America
- Named a "Twin Cities 2010 FIVE STAR Wealth Manager," Twin Cities Business, January 2010
- Minnesota Super Lawyers
- AV Rating, Martindale-Hubbell (AV, BV, and CV are registered certification marks of Reed Elsevier Properties, Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies)
