Iris Grossman is a trusted adviser to public and private companies across a wide range of industries on employee benefits matters. She regularly reviews plan documents and collaborates with third-party administrators and brokers to establish, amend, and terminate benefit plans and policies. A significant part of her practice involves conducting due diligence on employee benefit plans, as well as managing pre-closing preparation and post-closing integration activities in corporate transactions.
Before joining Foley, Iris practiced at a global law firm, where she advised clients on employee benefit issues in the context of corporate transactions, with a focus on ERISA and Affordable Care Act Compliance.
Awards and Recognition
- CALI Awards
- S. Foreign Relations Law (2019)
- Tax Research and Writing (2019)
- Legal Profession (2019)
- Estate Planning (2019)
- Legal Analysis Research and Communication II (2018)
- Civil Procedure (2017)
Severance as Deferred Compensation: What You Need to Know About Code Section 409A and Its Exemptions
Section 409A of the Internal Revenue Code (Section 409A) imposes strict rules governing the timing of deferred compensation payments, such as when and under what circumstances such payments can be made. It comes with significant penalties, imposing a 20% tax (and other adverse tax consequences) on non-compliant deferred compensation.
Is severance considered deferred compensation covered by Section 409A? The answer may be surprising.
Foley Guides Ultradent in Acquisition by Mitsui Chemicals
Foley & Lardner LLP served as legal advisor to Ultradent Products Inc., a leading global developer and manufacturer of high-tech dental materials, devices, and instruments, in its agreement to be acquired by Mitsui Chemicals.
Acquiring a Company with a 401(k) Plan: A Practical Guide for Buyers
When a company acquires a business through an equity sale, the buyer steps into the shoes of that target company’s employee benefit...
Final Rule Exempts ICHRAs and Other Account-Based Plans from Medicare Part D-Creditable Coverage Notice
On April 6, 2026, the Department of Health and Human Services (HHS) published a final rule formally excluding account-based group health...
Foley Represents Wasabi Technologies in Acquisition of Seagate’s Lyve Cloud Business
Foley & Lardner LLP advised Wasabi Technologies, the hot cloud storage company, in its acquisition of the Lyve Cloud business from Seagate Technology LLC (NASDAQ: STX), a leading innovator of mass-capacity data storage.
Cybersecurity in the Age of AI: Best Practices for Employee Benefits Administration
Introduction Cybersecurity has become a critical concern for employee benefit plan fiduciaries. With trillions of dollars in retirement...