Steven B. Long
Steven B. Long, of Raleigh, NC, was appointed by the North Carolina General Assembly in 2013 and reappointed in 2017 to serve on the Board of Governors of the University of North Carolina System. His term will end in 2021.
Long serves as secretary of the Educational Planning, Policies, and Programs Committee and as secretary of the Public Affairs Committee.
He is a tax and employee benefits attorney with Ward and Smith, PA and has extensive experience working with employers in the banking, retail, and technology industries to establish and maintain retirement plans, executive compensation agreements, stock incentive plans, and other employee benefits. Long also advises charities and other tax-exempt organizations regarding their IRC 403(b) and IRC 457 retirement plans, as well as issues related to compliance with Internal Revenue Service and state regulations concerning executive compensation, fundraising, and lobbying activities. In addition, he counsels business owners and individuals in retirement and estate planning.
His list of career accomplishments includes successfully directing the merger of one of the Research Triangle's largest technology company's 401(k) plans and other employee benefits arrangements with subsidiaries around the United States; designing and establishing an IRC 457(b) retirement plan for the managers of a large North Carolina charity; representing an automobile dealership with 10 subsidiaries before the IRS regarding qualification errors in the dealership's 401(k) plan; advising a Triad physicians' group on how to limit its ERISA fiduciary liabilities related to its tax-qualified retirement plan; establishing and modifying stock incentive and deferred compensation arrangements for various publicly traded and private companies; advising charities and nonprofit organizations on issues that include joint ventures with private companies, disclosure of compensation, and IRS and state requirements regarding lobbying and political activities; helping establish numerous IRC 501(c)(3) organizations and other tax-exempt entities; and assisting business owners, physicians, and other individuals in structuring their personal tax, estate and retirement plans, deferred compensation arrangements, and trusts.
The Tarboro native has received a host of distinctions throughout his career, including being selected to Business North Carolina magazine's 'Legal Elite,' 2006, 2007, 2009-11, 2018, and being listed in Best Lawyers in America, Employee Benefits (ERISA) and Tax Law and North Carolina Super Lawyers - Tax and Employee Benefits, 2010-18.
He has served on several boards and organizations in various roles, including the NC Bar Association, the Caramore Vocational Rehabilitation Center, the Shepherds Theological Seminary, the Raleigh Hall of Fame, Alzheimer's North Carolina, A.E. Finley YMCA, Wake County Basketball Association, Leadership Raleigh Alumni Association, Triangle Benefits Forum, Providence Baptist Church, and the YMCA Guides and Princesses Program.
He is also an adjunct professor at Campbell University and served in the US Army Reserve from 1988-90.
Long earned a bachelor's degree from the University of North Carolina at Chapel Hill and a juris doctor and a LL.M. in tax from Georgetown University.
He and his wife Beth have two children.
His advice to today's college students:
"Persevere through life's challenges, which are frequent, and never miss an opportunity to celebrate."