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214.661.5556
  • Education
    • J.D., summa cum laude, Texas Tech University School of Law, 1998
    • B.S., summa cum laude, San Diego State University, 1983
Patti Hedgpeth focuses her practice on all aspects of the firm’s Employee Benefits and Executive Compensation practice, including the design, implementation, and operation of tax-qualified retirement plans, employee stock ownership plans, nonqualified deferred compensation arrangements and health and welfare benefit plans; regulatory compliance with the Internal Revenue Code and ERISA, COBRA, and HIPAA; employee benefits issues arising in the context of mergers and acquisitions; and plan correction through various benefit plan correction programs. Patti represents companies before the IRS and the Department of Labor and advises management and fiduciaries on problems arising in operation of such plans.

Patti earned her J.D. summa cum laude from Texas Tech University School of Law, graduating first in her class. Prior to law school, Patti worked with two of the “Big 5” accounting firms and was also the controller of a multidivisional corporation.
  • Represented a Fortune 500 company in connection with an audit of its pension plans by the Internal Revenue Service that spanned four years and helped the company timely respond to upwards of 100 inquiries by the IRS, many of them involving technical pension rules
  • Handled the employee benefits issues related to a significant and complex deal involving the acquisition of employer stock by a deferred compensation plan and an ESOP
  • Drafted the related Disclosure Memorandum for the deferred compensation plan and worked through various Internal Revenue Code Section 409A issues for the sophisticated and complicated deferred compensation plan
  • Provided legal advice on numerous employee benefit issues that arose in connection with a $1.8 billion corporate acquisition
  • Negotiated the employee benefits provisions of the stock purchase agreement, drafted severance and change of control plans and related releases, analyzed related Internal Revenue Code Section 409A issues, and provided legal advice regarding various issues that arose in connection with the termination of the acquired company’s ESOP
  • Coordinated the consolidation and restatement of a pension plan that had incurred numerous mergers of other plans into that plan and involved more than 150 appendices setting out the benefit schedules for various groups of employees
  • Coordinated the development of a current 401(k) restatement from various and assorted plan documents, minutes, financial statements, etc.
  • Worked closely with client to deal with various operational issues that came to light throughout the process
  • Routinely prepare complex IRS determination letter applications and resolve questions raised by the IRS in connection with the issuance of favorable determination letters
  • Advise clients on all aspects of the operation of retirement plans, and work with the client and, where necessary, the Internal Revenue Service to resolve issues that may arise
  • Routinely assist clients in merging and terminating 401(k) and pension plans
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Presenter, National Institute of Pension Administrators
November 27 - 29, 2018
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Top 10 Internal Revenue Service Compliance Issues
Speaker, Employee Benefits Roundtable
September 20, 2018
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NCEO 2018 Employee Ownership Conference
April 2018
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Presenter, National Center for Employee Ownership webinar
November 2017
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Compliance Testing for 401(k) Plans: What’s Required and What Missteps to Watch Out For
SouthWest Benefits Association
November 2, 2017
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Presenter, Business Law Institute; Denver, Dallas
June 2017
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Updated EPCRS Program in IRS Rev. Proc. 2016-51: Key Takeaways for Plan Sponsors and Third-Party Administrators
National Institute of Pension Administrations
February 8, 2017
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Independent Contractor Classifications: Potential Employee Benefit Plan Liabilities for Employers Under the ACA, ERISA and Other Laws
Labor & Employment Benefits Conference; Denver, Colorado
September 28, 2016
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Wellness Programs and Group Health Plans: Legal Updates and Next Steps for Companies
Presenter, Business Law Institute; Denver, Dallas
June 2016
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BBB Business Builders Webinar Series
November 19, 2015