James Klein

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  Employer-Sponsored 401(k) Plans Would Drop ‘Significantly’ if Tax Treatment Curtailed: Study

  By Melanie Waddell, AdvisorOne  |  December 11, 2012

  A new report has found that curtailing the current U.S. tax treatment of contributions that workers and their employers make to 401(k) plans will “significantly reduce” employers’ willingness to sponsor plans.

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  PBGC Deficit Hits $34 Billion; Benefits Council Calls Number Misleading

  By Melanie Waddell, AdvisorOne  |  November 19, 2012

  The Council says ‘all pension fund liabilities—including the PBGC’s—are overstated by the historically low interest rates.’

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  Benefits Council Applauds Pension Relief in Senate Bill

  By Melanie Waddell, AdvisorOne  |  March 14, 2012

  The American Benefits Council is applauding the final passage by the Senate today of The Highway Investment, Job Creation and Economic Growth Act, as the bill includes a provision that provides pension funding relief to companies.

• Retirement Plans’ Perilous Future

  By Melanie Waddell, AdvisorOne  |  July 1, 2011

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  Advisors to Congress: Don't Axe Retirement Plan Tax Benefits to Cut Deficit--Update

  By Melanie Waddell, AdvisorOne  |  June 14, 2011

  American Benefits Council warns against possible Congressional desire to remove favorable tax treatment of DB and DC plans.

• Retirement Planning: News & Products

  By Melanie Waddell, AdvisorOne  |  July 1, 2010

  On May 28 the House passed the American Jobs and Closing Tax Loopholes Act (H.R. 4213), which not only gives various tax cuts, but provides...

• Tax Extenders Bill Passes House, Heads for Senate

  By Melanie Waddell, AdvisorOne  |  June 1, 2010

  Bill addresses DB funding relief, 401(k) fee disclosure, carried interest loophole

• The Problems With Pensions

  By Melanie Waddell, AdvisorOne  |  March 1, 2010

  Members of Congress and retirement experts are working feverishly to ensure that pension plan funding relief is enacted soon. James Klein, president of the American...

• New IRS DB Funding Rules

  By Melanie Waddell, AdvisorOne  |  May 1, 2009

  The Internal Revenue Service (IRS) recently issued regulatory guidance on defined benefit pension plans that provides some needed relief for DB plan sponsors. Citing the...

• GOP Group's Alternate Recovery Plan Wins Benefits Group's Support

  By Melanie Waddell, AdvisorOne  |  March 25, 2009

  Bill designed to encourage savings through temporary and permanent tax breaks