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 Maslon, 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
- Employee Benefits
- Executive Compensation & Agreements
- 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; Employee Benefits Section, former Chair
- Hennepin County Bar Association - Member, Tax Section, former Chair
- Minneapolis Pension Council - Member, former Chair
- Midwest Pension Conference - Member
- "Overview of Employee Plans Compliance Resolution System," co-presenter, American Society for Pension Professionals & Actuaries Benefits Council of the Greater Twin Cities, 2011
- “2010 Funding & Amendment Decisions for Defined Benefit Pension Plans,” co-presenter, 26th Annual Fall Seminar of the Midwest Pension Conference, Minnesota Chapter, 2010
- Qualified Plan Amendments Beyond EGTRRA, 29th Annual Advanced Employee Benefits Workshop, Minnesota CLE, 2009
- “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 §409A Final Regulations Impact Executive Compensation?” Maslon Speakers Series, 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 CLE, 1997
- “How are Employers Using Life Insurance for Employee Retirement Funding,” Annual Employee Benefits Institute, Minnesota CLE, 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
- Selected for inclusion in The Best Lawyers in America®, 2007 - 2012
- Named a "Twin Cities 2010 FIVE STAR Wealth Manager," Twin Cities Business, January 2010
- Recognized on Minnesota Super Lawyers® list, 2003 - 2005, 2007 - 2008, 2010 - 2011 (Minnesota Super Lawyers® is a designation given to only 5 percent of Minnesota attorneys each year.)
- 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)
