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The concern policy experts have is whether the short-term savings gained from limiting 401(k) tax deductions will ultimately amount to long-term losses. (Photo: iStock)

As Congress considers modifying the tax-preferred treatment of defined contribution plans within tax reform legislation, lawmakers so far have proven willing to listen to input from retirement industry stakeholders, according to Ed Murphy, president of Empower Retirement, the country’s second largest service provider to 401(k) plans.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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