Eric D. Altholz

Eric D. Altholz: Attorney with Verrill Dana LLP
  • Partner at Verrill Dana LLP (132 Attorneys)
  • One Portland Square, P.O. Box 586, Portland, ME 04112-0586
    View Eric D. Altholz's office location
  • Eric counsels employers in a wide variety of employee benefit and executive compensation matters, with special emphasis on retirement plans, deferred compensation plans, fiduciary compliance and the special issues that are of concern to tax-exempt employers. Eric also maintains an active corporate practice in the health care industry, serving as general counsel to private medical groups and advising medical practices and hospitals on contracting and corporate transactions.
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Biography

Eric counsels employers in a wide variety of employee benefit and executive compensation matters, with particular focus on retirement plans, executive compensation, deferred compensation, and fiduciary compliance.

Although he maintains a diverse practice in employee benefits and executive compensation, Eric has deep experience in handling issues that affect tax-exempt employers, employers in the health care industry, and employers in higher education. Eric works extensively with boards of directors and compensation committees in the establishment of compensation programs, compliance with the IRS “intermediate sanctions” rules, and the development of sound corporate governance and fiduciary compliance policies and practices. He enjoys helping executives and board members of hospitals, universities and other exempt entities meet the challenges of governing their organizations’ benefit plan and executive compensation arrangements.

Eric also maintains an active corporate practice in the health care industry, serving as general counsel to private medical groups and advising medical practices on contracting, physician compensation and medical group integration transactions.

Eric has served in leadership positions on a number of non-profit boards in Portland. He is particularly proud of his work on the restoration of Portland Observatory (1807), which achieved National Historic Landmark status. Eric recently served as President of Portland Public Library.

Eric is Vice Chair of the Employee Benefits & Executive Compensation Group. He currently serves on the firm’s Hiring Committee, is a former chair of the firm’s Marketing Committee, and a former member of the firm's Executive Board. He also edits and is a regular contributor to the Employee Benefits & Executive Compensation Group blog: www.employeebenefitsupdate.com.

Eric enjoys outdoor activities, including boating, cycling and cross-country skiing.

Honors

AV Rated by Martindale-Hubbell
Recognized in Chambers USA: America's Leading Lawyers for Business
under Labor & Employment: Employee Benefits & Compensation
Recognized by Best Lawyers as the 2017 Portland, Maine Employee Benefits
(ERISA) Law Lawyer of the Year
Recognized by Best Lawyers as the 2015 Portland, Maine Health Care Law
Lawyer of the Year
Listed in The Best Lawyers in America under Employee Benefits (ERISA)
Law, Health Care Law, and Business Organizations (including LLCs and
Partnerships)
Selected by peers for inclusion in New England Super Lawyers under
Employee Benefits and Health Care

Public Service

Portland Public Library, Trustee (2005 - present)
Portland Ballet, Trustee (2004 - 2011)
Greater Portland Landmarks, Trustee (1992-98), Advisory
Trustee (1999-present)
Portland Observatory Restoration Trust, President (1997-
2001)

Highlights

- [Eric] has deep expertise and is very responsive and practical.

- [He is] a very knowledgeable attorney with a lot of experience in the healthcare sector.

BENEFITS BLOG
Keep up with changes and trends in benefits and compensation.

Best Lawyers 2017 Portland, ME Employee Benefits (ERISA) Law Lawyer of the Year”

AV Rated by Martindale-Hubbell

Ranked in Chambers USA: America's Leading Lawyers for Business

Selected for inclusion in The Best Lawyers in America 2018.

Events

January 22, 2014

2014 Annual Employment Law Update

Hosted Events

Eric D. Altholz, Tawny L. Alvarez, Robert C. Brooks, Douglas P. Currier, Richard G. Moon, Misti D. Munster, Elizabeth Connellan Smith

January 30, 2013

2013 Annual Employment Law Update

Hosted Events

Eric D. Altholz, Tawny L. Alvarez, Robert C. Brooks, Douglas P. Currier, Richard G. Moon, Misti D. Munster, Elizabeth Connellan Smith

October 20, 2011

Retaining Key Employees: Creative Ways to Build Compensation Programs

Speaking Engagements

Eric D. Altholz, Richard G. Moon

September 23, 2011

Understanding the Impact of Health Care Reform on Employers

Speaking Engagements

Eric D. Altholz, Misti D. Munster

Wednesday, June 1

Eric Altholz Podcast

Speaking Engagements

Eric D. Altholz

Experience

Commercial Health Insurance Product

We created and implemented an innovative health care benefit product for an association of employers creating a captive insurance company.

Cash Balance Conversion of Pension Plan

We worked with a long time hospital client to convert its defined benefit pension plan to a cash balance plan.

Corporate Affiliation Transaction

To increase its competitiveness in a changing health care market, a leading Massachusetts academic medical center sought to build a more integrated health care network. The acquisition of another area hospital was a complex, multi-disciplinary effort spanning seven months.

Fast Action Leads to Successful Closing

A fast-growing supply chain services and logistics company called on Verrill Dana’s experienced attorneys when they needed to act fast to acquire multiple US and Canadian companies that became available due to a partial divestiture by a publicly traded company.

Fiduciary Governance Structure for ERISA Plans

We prepared board and committee resolutions implementing changes to fiduciary governance structure, prepared a new plan administrative committee charter and provided extensive education of plan fiduciaries regarding their obligations under ERISA.

HeadInvest: Management Buyout

Verrill Dana represented the management group in its buyout of HeadInvest from Androscoggin Savings Bank.

Legacy Supply Chain Services: Acquisition of U.S. and Canadian Subsidiaries of Vitran, Inc.

Verrill Dana served as counsel to Legacy Supply Chain Services, the buyer/borrower, in its acquisition of certain U.S. and Canadian subsidiaries of Vitran, Inc. This deal was named the 2013 Retail Manufacturing/Distribution Sector Deal of the Year by M&A Advisor.

Nonprofit Mergers & Acquisitions: Membership Substitution Transaction

To expand its capacity to provide patient care in an increasingly competitive marketplace, a pioneering New York-based kidney and cancer research and treatment center affiliated with another New York institution in a complex, 11-month process requiring the coordination of many attorneys and practice groups.

Oakhurst Dairy: The Natural Goodness of an Enduring Legacy

Oakhurst Dairy has been a family-owned business for three generations. When the Bennett family decided the sale of Oakhurst was best for the company’s growth and long term success, they sought Verrill Dana’s guidance to ensure the transaction honored their company, its employees and the values that have made Oakhurst a trusted brand since 1921.

Restatement of Change in Control Agreements

We have served as a company’s employee benefits and executive compensation legal adviser for more than 12 years. The company turned to us to review and update its executive change in control agreements.

Restatement of Corporate Bylaws for Tax-Exempt Health Care Organization

We drafted new bylaws following extensive discussions with board committees and the full board to assure that both the mission and governance structure of the organization were fully captured in the new bylaws.

Sale of Medicaid Managed Care Plan

This is an asset sale of the assets of a 501(3) tax exempt Medicaid managed care plan to a 501(c)(4) Managed Care Plan.

Sale of Medical Practice to Affiliates of MaineHealth

We negotiated physician compensation, transfer of major medical equipment that was subject to Certificate of Need review, and a wide variety of corporate issues in the sale of a long-time client's medical practice.

Sale of Teaching/Community Hospital

Sale of 500-bed teaching/community hospital to the teaching hospital of a major university.

News

April 2015

Working As One: Optimizing Retirement- Plan Committee Decisions

Media Mentions

Eric D. Altholz

October 3, 2014

Verrill Dana Announced as Finalist for the 13th Annual M&A Advisor Awards

Press Releases

Gregory S. Fryer, Mark K. Googins, Eric D. Altholz, Scott D. Anderson, Charles P. Bacall, Robert C. Brooks, Anthony M. Calcagni, Elizabeth Murdock Myers, Spencer R. Thibodeau

August 21, 2014

Verrill Dana Attorneys in Nine Practice Areas Named “Lawyers of the Year”

Press Releases

Eric D. Altholz, Lisa S. Boehm, Juliet T. Browne, Roger A. Clement, Jr., Kurt E. Klebe, William C. Knowles, David E. Warren, Karen Frink Wolf

March 10, 2014

Verrill Dana Announced as Winner of the 6th Annual International M&A Advisor Award

Press Releases

Mark K. Googins, James C. Palmer, Eric D. Altholz, Robert C. Brooks, Gregory S. Fryer, Nathaniel R. Hull, Christopher S. Lockman, Misti D. Munster, Christopher R. Smith

January 2, 2014

Verrill Dana Part of Deal Team Announced as Winner of 12th Annual M&A Advisor Award

Press Releases

Mark K. Googins, James C. Palmer, Eric D. Altholz, Robert C. Brooks, Gregory S. Fryer, Nathaniel R. Hull, Christopher S. Lockman, Misti D. Munster, Christopher R. Smith

May 29, 2013

Verrill Dana Recognized as a Leading Firm by Chambers & Partners

Press Releases

Eric D. Altholz, Scott D. Anderson, Lisa S. Boehm, Robert C. Brooks, Juliet T. Browne, Anthony M. Calcagni, Roger A. Clement, Jr., James I. Cohen, Kimberly S. Couch, Douglas P. Currier, Gregory S. Fryer, David L. Galgay, Jr., Gregg H. Ginn, James G. Goggin, Mark K. Googins, Katie M. Gray, William S. Harwood, Nora R. Healy, Jeffrey L. Heidt, Nathaniel R. Hull, Suzanne E. Meeker, Richard G. Moon, James C. Palmer, Raymond A. Pelletier

November 28, 2012

Maine Businesses Have Many Questions About Impact of Affordable Care Act

Media Mentions

Eric D. Altholz

August 20, 2012

Verrill Dana’s Beach to Beacon Team Hits the Road to Raise Money

Press Releases

Eric D. Altholz, Charles P. Bacall, Robert C. Brooks, Roger A. Clement, Jr., John P. Giffune, Kenneth F. Ginder, Jennifer L. Harrell, Nathaniel R. Hull, Gretchen A. Johnson, Lisa A. LaMarche, A. Robert Ruesch, Timothy R. Shannon, Rachel M. Wertheimer

June 7, 2012

Verrill Dana Ranked Among Top Firms by Chambers & Partners

Press Releases

Eric D. Altholz, Scott D. Anderson, Lisa S. Boehm, Robert C. Brooks, Juliet T. Browne, Anthony M. Calcagni, Roger A. Clement, Jr., Christopher J.W. Coggeshall, James I. Cohen, Kimberly S. Couch, Douglas P. Currier, Gregory S. Fryer, Gregg H. Ginn, James G. Goggin, Mark K. Googins, William S. Harwood, Nora R. Healy, Jeffrey L. Heidt, Nathaniel R. Hull, Suzanne E. Meeker, Richard G. Moon, James C. Palmer, Raymond A. Pelletier, Christopher R. Smith

October 11, 2011

Law Firms Take to Blogging to Share Expertise

Media Mentions

Eric D. Altholz, James I. Cohen, Benjamin E. Ford, Katie M. Gray, Nora R. Healy, Misti D. Munster

October 6, 2011

Two Verrill Dana Attorneys to Participate in Mainebiz U at Momentum Convention

Press Releases

Eric D. Altholz, Richard G. Moon

June 17, 2011

The Benefits of Blogging- Verrill Dana’s Employee Benefits Blog Listed Among Top 10

Press Releases

Eric D. Altholz, Misti D. Munster, Suzanne E. Meeker

July 9, 2010

Verrill Dana Partner Eric Altholz Presents at Maine State Chamber of Commerce Program on Health Care Reform

Press Releases

Eric D. Altholz

April 30, 2010

Verrill Dana Attorney Eric Altholz Takes Part In Maine Health Care Reform Summit

Press Releases

Eric D. Altholz, Richard G. Moon

April 23, 2010

Press Coverage Of Upcoming Maine Health Care Reform Summit

Media Mentions

Eric D. Altholz

April 20, 2010

Eric Altholz To Present At The Maine Health Care Reform Summit

Press Releases

Eric D. Altholz

April 5, 2010

Verrill Dana Takes the Lead for its Clients on Health Care Reform

Press Releases

Eric D. Altholz, Kathleen Gleason Healy, Richard G. Moon, Michael V. Saxl

Publications

December 11, 2017

Noteworthy Federal Cases Relating to Employee Benefits Plans - 2017

Alerts and Newsletters

Eric Altholz and Samuel Baldwin

December 11, 2017

Winter 2017-2018 Client Advisory

Alerts and Newsletters

Eric Altholz and Samuel Baldwin

November 7, 2017

House Tax Bill Targets Deferred Compensation Earned After January 1, 2018 (Really)

Alerts and Newsletters

Eric Altholz

June 20, 2017

PODCAST - Supreme Court Upholds ERISA Exemtption for Church Plans in Advocate Health Care Network v. Stapleton

Published Works

Eric Altholz and Misti Munster

April 28, 2017

PODCAST - Ins & Outs of Socially Responsible Investing for Retirement Plans

Published Works

Eric Altholz and Christopher Lockman

April 6, 2017

PODCAST - Assessing and Improving Practices Regarding Investment of Retirement Plan Assets

Published Works

Eric Altholz and Christopher Lockman

November 1, 2016

Succession Planning with an Employee Stock Ownership Plan

Published Works

Eric Altholz and A. Ruesch

August 30, 2013

IRS Guidance on DOMA Decision

Alerts and Newsletters

February 7, 2013

The Auditors are Coming! - Prepare for 340B Audits

Alerts and Newsletters

January 30, 2013

2013 Annual Employment Law Update

Seminar Materials

January 29, 2013

Ready or Not...The HIPAA Final Omnibus Rule is Here

Alerts and Newsletters

June 29, 2012

The Supreme Court Upholds the ACA's Individual Mandate, Narrows Medicaid Expansion, and Leaves the ACA Otherwise Intact

Alerts and Newsletters

June 26, 2012

Service Provider Disclosures to Plan Fiduciaries Due by July 1

Alerts and Newsletters

Eric Altholz, Lisa Boehm, Suzanne Meeker, and Misti Munster

January 26, 2012

Retaining and Rewarding Key Employees

Seminar Materials

Eric Altholz

March 30, 2011

Health Care Reform: One Year Later (Part 2)

Alerts and Newsletters

Eric Altholz and Misti Munster

March 23, 2011

Health Care Reform: One Year Later (Part 1)

Alerts and Newsletters

Eric Altholz and Misti Munster

May 11, 2010

Relief from Imputed Income for Employees Covering Adult Dependents Under Employer Health Insurance Plans

Alerts and Newsletters

January 27, 2010

IRS to Examine Worker Classification and Related Compensation and Benefits Compliance Issues

Alerts and Newsletters

April 7, 2009

Five Keys To Building Your Firm's Marketing Committee

Published Works

Eric Altholz

March 25, 2009

New Executive Compensation Rules For Recipients Of TARP Funds - Which Parts Have Immediate Effect?

Alerts and Newsletters

Areas of Practice (6)

  • Employee Benefits & Executive Compensation
  • ERISA Litigation
  • Health Care
  • Higher Education
  • Nonprofit & Tax-Exempt Organizations
  • Tax

Education & Credentials

Contact Information:
(207) 253-4908  Phone
www.verrilldana.com/ealtholz
University Attended:
Columbia University, B.A., 1982; Columbia University, M.I.A., 1983
Law School Attended:
University of Chicago, J.D., 1987
Year of First admission:
1988
Admission:
1991, Maine; 1988, New York (INACTIVE)
Memberships:

Memberships

Maine State Bar Association (Tax and Health Law Sections)
American Health Lawyers Association
Maine Employee Benefits Council

ISLN:
909466730

Peer Reviews

Client Reviews

This attorney does not have client reviews.
Disclaimer

Documents (7)

Documents by this lawyer on Martindale.com

Portland, Maine

Contact Eric D. Altholz

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