Paul B. Holmes - Lawyer in Chicago, IL

Paul is a senior partner in the firms Employee Benefits Executive Compensation Group, which represents firm clients in a wide variety of employee benefit plan matters and ERISA litigation. Paul serves as employee benefits counsel to large and mid-sized companies across many industries, including financial services, food/beverage, healthcare, higher education, information technology, media and law. Paul has extensive and unique experience in PBM contracting, PBM compliance audits and PBM litigation.

What do you focus on?

I have extensive experience with the design and administration of prescription drug benefit plans for large employers, Taft-Hartley welfare trusts and governmental plans. This includes oversight of the PBM RFP process, negotiation and drafting of pricing, rebate, audit and other provisions of PBM agreements, and the pursuit of pricing, contract compliance and other audits of PBMs on behalf of plan sponsors. I work with our litigators by providing deep subject matter knowledge in PBM and various ERISA litigation matters, including class actions, breach of fiduciary duty lawsuits, and litigation involving plan consultants. I provide comprehensive fiduciary training for plan administration and plan investment committees. I review and negotiate recordkeeper, investment advisor, benefit consultant and other plan vendor contracts to clarify vendor service obligations, protect plan fiduciaries, and help control plan costs.