Monica A. Novak is a partner at Faegre Drinker Biddle & Reath LLP, based in Philadelphia, where she advises both tax-exempt and for-profit organizations on employee benefits and executive compensation matters. Her practice encompasses the design, implementation, and compliance of various benefit plans, including health and welfare benefits, tax-qualified retirement plans, nonqualified deferred compensation plans, and equity compensation arrangements. Monica also provides counsel on integrating benefit plans during corporate transactions, such as mergers and acquisitions, and assists clients in navigating corrective actions to maintain legal compliance. She routinely guides clients through complex regulatory frameworks, including the Internal Revenue Code, ERISA, the Affordable Care Act, HIPAA, and COBRA.
