Krieg DeVault LLP

Fenton D. Strickland

Partner
Office: Indianapolis
fstrickland@kdlegal.com
p: 317-238-6337
f: 317-636-1507

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Overview
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Fenton D. Strickland serves as Chair of Krieg DeVault's Employee Benefits and Executive Compensation Practice.  He focuses his practice on employee stock ownership plans (ESOPs) and ESOP transactions and advises clients on all matters of retirement plans, incentive plans, and executive compensation.  In his ESOP practice, Mr. Strickland represents ESOP trustees, companies, boards of directors, banks, and selling shareholders across the country in ESOP transactions, ESOP plan design and implementation, and ESOP administration and governance.  He has represented companies and trustees in purchases and sales of business in dozens of transactions.

Mr. Strickland brings a rich professional experience to his client service and strives to apply his background as both a CPA and an attorney serving a wide range of industries and companies of all sizes to transform complicated issues into simple solutions.  Before joining Krieg DeVault, Mr. Strickland served the Indiana Judiciary in two separate instances, first as a Judicial Clerk to Justice Brent Dickson of the Indiana Supreme Court and later as the Counsel to the Chief Justice of Indiana, serving the State’s judicial branch in chief administrative, legal, and financial roles.  Between those periods of service to the State, Mr. Strickland had a national tax law practice at another firm and has extensive experience in state income, sales and use, real estate, personal property, and unemployment taxes, appearing in numerous cases before the Indiana Supreme Court, Court of Appeals, Tax Court, and various administrative bodies.  As a CPA, before kicking off his legal career, Mr. Strickland worked in public accounting and various accounting management positions. 

Experience
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Professional Associations

  • The ESOP Association (Finance Advisory Committee)
  • The ESOP Association, Indiana Chapter (Member)
  • National Center for Employee Ownership (Member)
  • Ohio Employee Ownership Center (Member)
  • Indiana Benefits Committee (Executive Board)
  • Indiana State Bar Association (Member)
  • Indianapolis Bar Association, Professionalism Committee & Tax Section Executive Board
  • Indianapolis Bar Association Bar Leader Series, Class of 2011

Seminars and Presentations

  • Bulletproofing a Deal:  Post-Transaction Considerations, Ohio Employee Ownership Center Annual Conference (August 2020)
  • Corporate Governance in an ESOP Company, National Center for Employee Ownership Annual Conference (April 2020)
  • Corporate Governance in ESOP Companies, National Center for Employee Ownership Annual Conference (April 2019)
  • Corporate Governance in an ESOP Company, The ESOP Association, Indiana Chapter Annual Conference (March 2019)
  • Selling Your Company to an ESOP:  Step by Step, National Center for Employee Ownership Annual Conference (April 2018)
  • The Evolving Fiduciary Process:  Practical Lessons from Recent Cases, The ESOP Association National Conference (November 2017)
Credentials
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Education

  • J.D., summa cum laude, Indiana University Robert H. McKinney School of Law, Indianapolis, Indiana, 2005
  • B.S. in Business (Accounting), Indiana University, Bloomington, Indiana, 1994

Bar & Court Admissions

  • Indiana, 2005
  • U.S. District Court for the Northern District of Indiana
  • U.S. District Court for the Southern District of Indiana
Practices & Industries
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Practices

  • Business Services
  • Employee Benefits and Executive Compensation
  • Employee Stock Ownership Plans
  • Tax
  • Fraternities and Sororities

Industries

  • Employee Stock Ownership Plans
Beyond the Office
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Insights
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Employee Benefits

Fenton D. Strickland Named Chair of Krieg DeVault’s Employee Benefits and Executive Compensation Practice

January 1, 2025

Employee Benefits

DOL Finalizes Rule Providing Alternative Safe Harbor Method for Electronic Disclosure by ERISA Retirement Plans

May 28, 2020

Employee Benefits

IRS Guidance Increases FSA Carryover Limit, Clarifies Reimbursement of Individual Health Coverage Premiums

May 14, 2020

Employee Benefits

Executive Compensation Restrictions Under the CARES Act

March 31, 2020

Firm News and Events

Krieg DeVault Announces 9 Attorneys as 2025 Indiana Super Lawyers; 12 as 2025 Indiana Rising Stars

February 18, 2025

Litigation

Beyond the Basics: The Beauty of ESOPs, with Bill Merten

January 8, 2025

Employee Benefits

IRS Announces Retirement Plan Limitations for 2025

November 5, 2024

Krieg DeVault Podcast Series

How Employee Benefits Law Impacts Every Workplace with Catherine “Katy” Stowers (Podcast)

May 30, 2024

Employee Benefits

Plan Sponsors Take Note: New Litigation Brings Attention to Potential Fiduciary Risk for Group Health Plan Sponsors

March 26, 2024

Employee Benefits

Covering Long-Term, Part-Time Employees Under 401(k)

January 23, 2024

Employee Benefits

IRS Announces Retirement Plan Limitations for 2024

November 2, 2023

Business

Is Your Business Ready? Preparing for and Complying with the Corporate Transparency Act

August 31, 2023

Employee Benefits

IRS Extends Effective Date for Roth Treatment of Catch-Up Contributions to 2026

August 30, 2023

Employee Benefits

IRS Issues Notice Regarding ESOP Compliance

August 22, 2023

Employee Benefits

Secure Act 2.0 Allows Employers to Make Matching Contributions to Retirement Plans Based on Employees’ Student Loan Payments

August 17, 2023

Employee Benefits

2024 HSA Limits Released

June 1, 2023

Firm News and Events

Krieg DeVault Announces 10 Attorneys as 2023 Indiana Super Lawyers; 9 as 2023 Indiana Rising Stars

February 28, 2023

Employee Benefits

SECURE Act 2.0 Expands on 2019 Secure Act Retirement Provisions

January 17, 2023

Employee Benefits

Fiduciary Alert: New ERISA Group Health Plan Service Provider Fee Disclosures Require Plan Sponsor Attention

January 4, 2023

Employee Benefits

Guidance on New RMD Rules in IRS Notice 2022-53; Final Regulations Forthcoming

November 16, 2022

Employee Benefits

IRS Announces Retirement Plan Limitations for 2023

October 24, 2022

Firm News and Events

William W. Merten Joins Krieg DeVault’s ESOP and Employee Benefits & Executive Compensation Practices

September 22, 2022

Employee Benefits

IRS Announces Extension for SECURE & CARES Act Amendments

August 24, 2022

Employee Benefits

IRS Announces Extension for SECURE & CARES Act Amendments

August 23, 2022

Firm News and Events

13 Krieg DeVault Attorneys Recognized by 2023 Best Lawyers®; 7 Named to the 2023 Best Lawyers in America® Listing; 1 Receives “Lawyer of the Year” Designation; 6 Receive “Ones to Watch” Designation

August 18, 2022

Employee Benefits

IRS Announces Launch of Pre-Examination Compliance Program for Qualified Retirement Plans

June 28, 2022

Employee Benefits

What is an ESOP? (Podcast)

January 24, 2022

Firm News and Events

Krieg DeVault Announces 2022 Partner Promotions

January 1, 2022

Employee Benefits

Revenue Procedure 2021-30 Brings Welcome Changes to IRS Correction Program

September 8, 2021

Employee Benefits

U.S. Department of Labor Issues Cybersecurity Guidance for Retirement Plans

July 13, 2021

Employee Benefits

DOL Issues Temporary Safe Harbor for Missing Participants in Terminating Defined Contributions Plans

July 6, 2021

Employee Benefits

IRS Announces Retirement Plan Limitations for 2021

October 27, 2020

Business

Tax-Exempt Organizations Should be Prepared to File and Pay the Section 4960 Excise Tax on Executive Compensation by July 15, 2020

June 29, 2020

Employee Benefits

IRS Provides Flexibility for Cafeteria Plans to Permit Mid-Year Election Changes, Extend FSA and DCAP Claims Periods

May 13, 2020

Employee Benefits

DOL and IRS Pandemic Relief for Group Health Plans and Retirement Plans

May 12, 2020

Employee Benefits

Employer Tax-Free, Deductible Disaster Relief Benefits for Employees

April 20, 2020

Employee Benefits

IRS Provides Guidance For HSAs and Retirement Plans

April 9, 2020

Employee Benefits

COVID-19 and Partial Plan Terminations

April 2, 2020

Employee Benefits

The CARES Act: Changes Posed to Health Plans and HSAs

April 2, 2020

Employee Benefits

The CARES Act: Changes Posed to Employer-Sponsored Retirement Plans

March 31, 2020

Employee Benefits

ESOP COVID-19 Alert

March 23, 2020

Employee Benefits

IRS to Issue Guidance for High Deductible Health Plans in Light of COVID-19

March 10, 2020

Employee Benefits

The Setting Every Community Up for Retirement Enhancement (SECURE) Act

February 26, 2020

Employee Benefits

Mandatory Arbitration, Class Action & Exhaustion Provisions: Cause to Amend Claims Procedures?

February 24, 2020

Firm News and Events

Eight Attorneys Named to 2020 Best Lawyers in America Listing

August 14, 2019

Firm News and Events

Corben A. Lee Joins Krieg DeVault's Business, Acquisitions, and Securities and Employee Benefits and Executive Compensation Practice Groups

January 27, 2019

Thought Leadership

Proposed Regulations Allowing for Expanded Usage of Health Reimbursement Arrangements (HRAs) - Another Step In President Trump's Focus on Health Care Reform

November 18, 2018

Thought Leadership

Proposed Regulations Allowing for Expanded Usage of Health Reimbursement Arrangements (HRAs) - Another Step In President Trump's Focus on Health Care Reform

November 18, 2018

Thought Leadership

IRS Announces Pension Plan Limitations for 2019

November 15, 2018

Thought Leadership

IRS Issues Proposed Regulations for Hardship Distributions

November 14, 2018

Firm News and Events

10 Krieg DeVault Attorneys Named to 2019 Best Lawyers in America Listing

August 14, 2018

Thought Leadership

Recent Guidance for the Mental Health Parity Act: Are You in Compliance?

June 18, 2018

Thought Leadership

IRS Does An "About-Face" On HSA Limits

April 30, 2018

Thought Leadership

IRS Reduces 2018 Limits for Health Savings Accounts and Adoption Credits

March 11, 2018

Thought Leadership

Bipartisan Budget Act of 2018

March 11, 2018

Thought Leadership

New Disability Claims Final Regulations - Effective April 1st!

March 11, 2018

Thought Leadership

Employee Benefits and Tax Reform: What You Need to Know

February 15, 2018

Thought Leadership

IRS Provides Year-End Gift

January 1, 2018

See LessSee All

  • Overview
  • Experience
  • Credentials
  • Practices & Industries

Fenton D. Strickland serves as Chair of Krieg DeVault's Employee Benefits and Executive Compensation Practice.  He focuses his practice on employee stock ownership plans (ESOPs) and ESOP transactions and advises clients on all matters of retirement plans, incentive plans, and executive compensation.  In his ESOP practice, Mr. Strickland represents ESOP trustees, companies, boards of directors, banks, and selling shareholders across the country in ESOP transactions, ESOP plan design and implementation, and ESOP administration and governance.  He has represented companies and trustees in purchases and sales of business in dozens of transactions.

Mr. Strickland brings a rich professional experience to his client service and strives to apply his background as both a CPA and an attorney serving a wide range of industries and companies of all sizes to transform complicated issues into simple solutions.  Before joining Krieg DeVault, Mr. Strickland served the Indiana Judiciary in two separate instances, first as a Judicial Clerk to Justice Brent Dickson of the Indiana Supreme Court and later as the Counsel to the Chief Justice of Indiana, serving the State’s judicial branch in chief administrative, legal, and financial roles.  Between those periods of service to the State, Mr. Strickland had a national tax law practice at another firm and has extensive experience in state income, sales and use, real estate, personal property, and unemployment taxes, appearing in numerous cases before the Indiana Supreme Court, Court of Appeals, Tax Court, and various administrative bodies.  As a CPA, before kicking off his legal career, Mr. Strickland worked in public accounting and various accounting management positions. 

Professional Associations

  • The ESOP Association (Finance Advisory Committee)
  • The ESOP Association, Indiana Chapter (Member)
  • National Center for Employee Ownership (Member)
  • Ohio Employee Ownership Center (Member)
  • Indiana Benefits Committee (Executive Board)
  • Indiana State Bar Association (Member)
  • Indianapolis Bar Association, Professionalism Committee & Tax Section Executive Board
  • Indianapolis Bar Association Bar Leader Series, Class of 2011

Seminars and Presentations

  • Bulletproofing a Deal:  Post-Transaction Considerations, Ohio Employee Ownership Center Annual Conference (August 2020)
  • Corporate Governance in an ESOP Company, National Center for Employee Ownership Annual Conference (April 2020)
  • Corporate Governance in ESOP Companies, National Center for Employee Ownership Annual Conference (April 2019)
  • Corporate Governance in an ESOP Company, The ESOP Association, Indiana Chapter Annual Conference (March 2019)
  • Selling Your Company to an ESOP:  Step by Step, National Center for Employee Ownership Annual Conference (April 2018)
  • The Evolving Fiduciary Process:  Practical Lessons from Recent Cases, The ESOP Association National Conference (November 2017)

Education

  • J.D., summa cum laude, Indiana University Robert H. McKinney School of Law, Indianapolis, Indiana, 2005
  • B.S. in Business (Accounting), Indiana University, Bloomington, Indiana, 1994

Bar & Court Admissions

  • Indiana, 2005
  • U.S. District Court for the Northern District of Indiana
  • U.S. District Court for the Southern District of Indiana

Practices

  • Business Services
  • Employee Benefits and Executive Compensation
  • Employee Stock Ownership Plans
  • Tax
  • Fraternities and Sororities

Industries

  • Employee Stock Ownership Plans

Beyond the Office

Hockey icon

Hockey

Baseball icon

Baseball

Landscaping icon

Landscaping

 

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