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Steven W. Day

Attorney Profile

Top Rated Employee Benefits Attorney in Cleveland, OH

Calfee, Halter & Griswold LLP
1405 East Sixth Street
Cleveland, OH 44114
Phone: 216-622-8200
Fax: 216-241-0816
Email: Steven W. Day
Selected to Rising Stars: 2013 - 2017
Licensed in Ohio Since: 2007
Practice Areas: Employee Benefits, Tax: Business, Securities & Corporate Finance
Attorney Profile

Steve Day is a Partner in the Employee Benefits and Executive Compensation practice group; he advises public, private, governmental and non-profit clients on tax, securities, ERISA and state law issues related to designing and operating executive compensation arrangements and employee benefit plans.

Steve regularly advises clients on:

  • General design and compliance issues for qualified retirement plans, non-qualified deferred compensation arrangements and health plans
  • Fiduciary responsibilities for administering benefit plans and investing plan assets
  • Employee benefits issues that arise in connection with mergers and acquisitions
  • Executive compensation arrangements and related requirements under the securities laws
  • Governmental and church retirement and health plans

Steve was ranked by Chambers USA 2017 and 2020 as a "Leading Lawyer" in Employee Benefits & Executive Compensation in Ohio. Chambers noted in 2020 that a client described Steve as a lawyer who"works the timelines very well, gets us good work product and meets my expectations every time."

Steve is an active member of the American Bar Association. He is also a member of the Advisory Board of the American Benefits Council and the National Association of Public Pension Attorneys.

Steve serves as a director of the Cleveland Metropolitan Bar Foundation and is a member of the Cleveland Metropolitan Bar Association. Steve has served as Chair of its Volunteer Lawyers for the Arts Committee, through which he provides pro bono legal services to members of the local arts community and frequently presents to artists and students on legal issues affecting artists. Steve is a regular lecturer at the Cleveland Institute of Art and the Cleveland Institute of Music, where he teaches classes on business and professionalism in the arts and music industry.

Steve is on the Board of Directors of the Swedish American Chamber of Commerce in Ohio.

About Steven W. Day

First Admitted: 2007, Ohio

Professional Webpage:


  • As detailed in an earlier Calfee First Alert, the SECURE Act paved the way for unrelated employers to form “Pooled Employer Plans” (PEPs) by removing the regulatory burdens that previously made it difficult for employers to join multiple employer plans. Additionally, the provisions of the SECURE Act allow employers who join a PEP to offload many of their fiduciary and administrative responsibilities for their 401(k) plans to an independent “Pooled Plan Provider,” which serves as the PEP’s named fiduciary and plan administrator., DOL Seeks Information Regarding Conflict of Interest Concerns for Pooled Employer Plans and Multiple Employer Plans, Employee Benefits, Executive Compensation
  • On April 29, 2020, the Department of Labor’s Employee Benefits Security Administration division (“EBSA”) issued a package providing relief for employee benefit plan deadlines and requirements for plans affected by the COVID-19 pandemic (the “Pandemic”), including: (i) EBSA Disaster Relief Notice 2020-01 (the “EBSA Notice”), (ii) DOL COVID-19 FAQs for Participants and Beneficiaries, and (iii) a press release. Additionally, the EBSA and Internal Revenue Service (“IRS”) jointly published final regulations, providing for extensions of various benefit plan deadlines (the “Joint Regulations”)., DOL/IRS Issue Regulations Providing COVID-19 Plan Deadline Relief
  • On April 11, 2020, the U.S. Department of Labor (DOL), Health and Human Services (HHS) and the Treasury (collectively, the "Departments") jointly issued further Q&A guidance (the "Guidance") on implementation of the changes for healthcare plans under the two major COVID-19 emergency laws passed in late March – the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The DOL has been continually releasing guidance on these laws, but this latest Guidance directly addresses the impact on group health plans., DOL, HHS and Treasury Publish Additional Guidance on Healthcare Plan Rules Under Coronavirus Laws

Representative Clients

  • Playhouse Square Foundation  
  • Medical Mutual of Ohio


  • Advising large energy and utilities company on entering into various investment arrangements for its multi-billion dollar defined benefit pension plan, including investments in hedge funds, private equity funds, collective investment trusts and separate accounts.
  • Representing a global food and beverage manufacturing company with review and negotiating contracts with investment managers for individualized funds under its multi-billion dollar defined contribution plan.
  • Advising several clients, including national banks, broker-dealers and Registered Investment Adviser firms, on implementing the Department of Labor’s new fiduciary rule and related exemptions.
  • Advising several publicly held clients on designing and obtaining shareholder approval of equity compensation plans.
  • Advising large governmental retirement program on negotiating arrangement with pharmaceutical benefits program.

Bar/Professional Activity

  • Ohio
  • American Bar Association, Member, 2021
  • American Benefits Council, Member, 2021
  • National Association of Public Pension Attorneys, Member, 2021

Educational Background

  • J.D., magna cum laude, Case Western Reserve University School of Law, Order of the Coif, Executive Editor of Case Law Review, Law-Medicine Fellowship, 2007
  • M.A., Biological Psychology, University of Illinois at Urbana-Champaign, 2003
  • B.S., Psychology, University of Illinois at Urbana-Champaign, 1999


  • Employee Benefits & Executive Compensation, Band 3, Chambers USA, 2020
  • Tax Law, Employee Benefits (ERISA) Law, The Best Lawyers in America©, 2021
  • Ohio Rising Stars, Ohio Super Lawyers, 2017

Pro bono/Community Service

  • Cleveland Metropolitan Bar Foundation, Board Member, 2021
  • Cleveland Metropolitan Bar Association, Chair of CMBA's Volunteer Lawyers for the Arts Committee and Member of Reach Out Committee for Non-Profits, 2021
  • Swedish American Chamber of Commerce in Ohio, Board of Directors, 2021

Industry Groups

  • Arts
  • Banking
  • Education
  • Employee Stock Ownership Plans (ESOP)
  • Energy And Utilities
  • Entertainment
  • Entrepreneurs and Emerging Companies
  • Financial Services
  • Food And Beverage
  • Government
  • Health Care
  • Insurance
  • International
  • Joint Ventures
  • Life Sciences
  • LLCs
  • Manufacturing And Industrial
  • Media
  • Medical Devices
  • Nonprofit Organizations
  • Partnerships
  • Pharmaceuticals
  • Private and Family-Owned Businesses
  • Private Equity
  • Public Companies
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Office Location for Steven W. Day

1405 East Sixth Street
Cleveland, OH 44114

Last Updated: 5/15/2022

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