Barry Klein chairs Blank Rome's Employee Benefits and Executive Compensation practice. He advises employers, including sole-proprietorships, partnerships, multinational companies, major hospital centers and universities with respect to their employee benefits and executive compensation arrangements, including:
· advising employers with respect to the employee benefits aspects of mergers and acquisitions;
· drafting qualified and non-qualified retirement plans (including 401(k) plans and ESOPs) and stock option plans;
· advising employers with respect to administrative procedures and investment policy statements; and
· representing employers in connection with IRS audits and Department of Labor proceedings.
Mr. Klein has significant experience advising financial services clients with respect to their obligations under ERISA. He counsels these clients on the fiduciary responsibility that arises when they manage ERISA plan assets, as well as opportunities for avoiding ERISA coverage. He has helped clients set up funds that comply with ERISA's venture capital operating company and real estate operating company exemptions, and has helped clients set up hedge funds that are subject to or exempt from ERISA.
Mr. Klein's career has provided him with a unique perspective on employee benefits and the employee benefits industry. He began his career at the National Office of the Internal Revenue Service in Washington, D.C. and he was in-house employee benefits counsel at the Prudential Insurance Company of America and then at The Vanguard Group, Inc. Prudential and Vanguard are among the nation's largest managers of retirement plan assets. Mr. Klein advised these companies with respect to the full range of services and products that they provide to employee benefit plans and was instrumental in the design and marketing of new products.
Mr. Klein is recognized by Chambers USA as a leader in employee benefits and compensation law. Chambers notes he is "esteemed for his 'strong business sense' and 'level-headed approach' " and calls him an "'extremely knowledgeable' employee benefits attorney, especially in the area of executive compensation."
Community Service & Affiliations
Mr. Klein is an adjunct professor of law in the Graduate Tax Program at Temple University James E. Beasley School of Law, where he designed and teaches courses on the taxation of executive compensation and the fiduciary responsibility and investment management aspects of employee benefit plans. He also serves on the Pension Committee of the Philadelphia Bar Association and was an adjunct professor at the Philadelphia Institute for Paralegal Training.
Memberships
American Bar Association
Pennsylvania Bar Association
Philadelphia Bar Association ...
Events
PRACTICAL SOLUTIONS FOR NEW TRENDS AND DEVELOPMENTS IN EMPLOYMENT LAW
[Event]
The Rittenhouse Hotel
210 West Rittenhouse Square
Philadelphia, PA 19103
June 9, 2011
Mark Blondman, Colleen A. Carolan, Scott F. Cooper, Jennifer J. Daniels, Jennifer Hale Eagland, Lauren Fox, et al.
HOW WILL HEALTH CARE REFORM IMPACT YOUR BUSINESS?
[Event]
Health Care Reform Presentation and Webinar
Live at Blank Rome's Philadelphia office or via webinar
April 20, 2010
Kristi L. Remington, Barry L. Klein and William E. Gramlich
BENEFITS UPDATE
[Event]
Hot Topics in Employment, Benefits and Labor-A Four-Part Series Webinar
October 28, 2009
Barry L. Klein and Kari Knight Stevens
IMMIGRATION ENFORCEMENT AND WORKSITE COMPLIANCE
[Event]
Hot Topics in Employment, Benefits and Labor-A Four-Part Series Webinar
September 23, 2009
Lisa T. Felix, Lauren Fox, Barry L. Klein, Manuela M. Morais, Julie E. Reid and Kari Knight Stevens
HANDLING REDUCTIONS IN FORCE AND COMPENSATION ISSUES RELATED TO LAYOFFS
[Event]
Hot Topics in Employment, Benefits and Labor-A Four-Part Series Webinar
July 29, 2009
Lisa T. Felix, Lauren Fox, Barry L. Klein, Manuela M. Morais, Julie E. Reid and Kari Knight Stevens
EMPLOYMENT, BENEFITS & LABOR BRIEFING: WHAT TO EXPECT IN 2009
[Event]
Philadelphia, Pennsylvania
January 15, 2009
Scott F. Cooper, Lisa T. Felix, Lauren Fox, Donald D. Gamburg, Brooke T. Iley, Rose E. Isard, et al.
Publications
RECENT GUIDANCE ISSUED ON HEALTH CARE REFORM W-2 REPORTING REQUIREMENTS
[Alert]
Employee Benefits & Executive Compensation Update
January 2012 (No. 1)
Kari Knight Stevens and Barry L. Klein
DEPARTMENT OF LABOR ISSUES GUIDANCE ON IMPLEMENTATION OF HEALTH CARE REFORM AND MENTAL HEALTH PARITY ACT
[Alert]
Employee Benefits & Executive Compensation Update
December 2011 (No. 6)
Barry L. Klein
RECENT DEVELOPMENTS IN EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION
[Alert]
Employee Benefits & Executive Compensation Update
October 2011 (No. 5)
Barry L. Klein and Kari Knight Stevens
RECENT DEVELOPMENTS IN EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION
[Alert]
Employee Benefits & Executive Compensation Update
July 2011 (No. 3)
Barry L. Klein and Kari Knight Stevens
RECENT DEVELOPMENTS IN EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION
[Alert]
Employee Benefits & Executive Compensation Update
June 2010 (No. 5)
Barry L. Klein
RECENT DEVELOPMENTS IN EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION
[Alert]
Employee Benefits & Executive Compensation Update
April 2010 (No. 3)
Arthur Bachman, Colleen A. Carolan, Michael J. Hanlon, Cory G. Jacobs, Barry L. Klein, Howard M. Knee, et al.
HEALTH CARE REFORM'S IMPACT ON EMPLOYERS
[Alert]
Health Law Update
March 26, 2010
Kristi L. Remington and Barry L. Klein
RECENT DEVELOPMENTS IN EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION
[Alert]
Employee Benefits & Executive Compensation Update
March 2010 (No. 2)
Arthur Bachman, Barry L. Klein and Kari Knight Stevens
RECENT DEVELOPMENTS IN EMPLOYEE BENEFITS AND EXECUTIVE COMPENSATION
[Alert]
Employee Benefits & Executive Compensation Update
February 2010 (No. 1)
Arthur Bachman, Barry L. Klein and Kari Knight Stevens
COMPLIANCE WITH FINAL REGULATIONS UNDER CODE SECTION 409A REQUIRED BY DECEMBER 31, 2008
[Alert]
Employee Benefits & Executive Compensation Update
October 2008 (No. 7)
Barry L. Klein
COLA INCREASES FOR DOLLAR LIMITATIONS ON BENEFITS AND CONTRIBUTIONS
[Alert]
Employee Benefits & Executive Compensation Update
October 2008 (No. 6)
Barry L. Klein
U.S. SUPREME COURT RULES ON HOW ERISA BENEFIT-CLAIM FIDUCIARIES SHOULD HANDLE CONFLICTS OF INTEREST
[Alert]
Employee Benefits & Executive Compensation Update
July 2008 (No. 4)
Barry L. Klein
PERFORMANCE-CONTINGENT PAYMENT MAY NOT BE DEDUCTIBLE
[Alert]
Employee Benefits & Executive Compensation Update
February 2008 (No. 1)
Joseph T. Gulant, Barry L. Klein and Cory G. Jacobs
MEETING THE SECTION 409A DEADLINE
[Article]
Corporate Counselor
November 2007
Frederick D. Lipman and Barry L. Klein
IRS, DOL CLEAR THE WAY FOR AUTOMATIC ENROLLMENT IN 401(K), 403(B) PLANS
[Alert]
Employee Benefits & Executive Compensation Update
November 2007 (No. 3)
Barry L. Klein
IRS DELAYS 409A REGULATORY EFFECTIVE DATE AND EXTENDS TRANSITION RELIEF
[Alert]
Tax Update
October 2007 (No. 5)
Barry L. Klein
IRS, DOL CLEAR THE WAY FOR AUTOMATIC ENROLLMENT IN 401(K), 403(B) PLANS
[Article]
Pennsylvania Bar Association Business Law Section Newsletter
Winter 2007
Barry L. Klein
IRS PROVIDES PARTIAL DELAY OF 409A REQUIREMENTS
[Alert]
Tax Update
September 2007 (No. 3)
Barry L. Klein
IRS PROVIDES PARTIAL DELAY OF 409A REQUIREMENTS
[Alert]
Employee Benefits & Executive Compensation Update
September 2007 (No. 2)
Barry L. Klein
IRS ISSUES FINAL 403(B) REGULATIONS
[Alert]
Employee Benefits & Executive Compensation Update
August 2007 (No. 1)
Barry L. Klein
Cases and Deals
AMERCABLE INCORPORATED ACQUIRED BY NEXANS USA INC.
[Deal]
February 29, 2012
Mark S. Greenfield, Joseph M. Doloboff, Barry L. Klein, Kristi Lynn Swartz, Karen L. Corliss and Eileen K. Uy
AmerCable Incorporated in connection with the company's acquisition by Nexans USA Inc.
PASKAL LIGHTING ACQUIRED BY PRODUCTION RESOURCE GROUP
[Deal]
January 2012
Mark S. Greenfield, Joseph M. Doloboff, Barry L. Klein and Eileen K. Uy
Paskal Lighting in connection with the company's acquisition by Production Resource Group.
GENERAL CABLE CORPORATION CLOSES $400 MILLION SENIOR SECURED MULTI-CURRENCY CREDIT FACILITY
[Deal]
July 25, 2011
Scott R. Smith, Lora M. Epstein, Alan H. Lieblich, Matthew J. Comisky, Joseph A. McFalls, Timothy A. French, et al.
Blank Rome negotiated and closed a $400 million senior secured multi-currency credit facility for General Cable Corporation.
LEE TECHNOLOGIES GROUP SOLD TO SCHNEIDER ELECTRIC
[Deal]
April 1, 2011
Richard F. Williamson, Francis E. Dehel, Barbara D. Linney, Rustin I. Paul, David M. Perry, Barry L. Klein, et al.
Lee Technologies Group, Inc. in the sale of the company to Schneider Electric for an undisclosed amount.
ICAD ACQUIRES ELECTRONIC BRACHYTHERAPY SYSTEMS MAKER
[Deal]
December 30, 2010
Jennifer J. Daniels, Ethan M. Seer, Barry H. Genkin, Steven Dubow, Lisa Casey Spaniel, Howard M. Knee, et al.
iCAD in its $13 million acquisition of Xoft.
BRIGHTPOINT ACQUIRES TOUCHSTONE WIRELESS REPAIR AND LOGISTICS FOR $80M
[Deal]
December 13, 2010
Robert J. Mittman, Peter Schnur, Joseph T. Gulant, Barry L. Klein and Margaret Anne Hill
Brightpoint, Inc. in its acquisition of Touchstone Wireless Repair and Logistics, LP, for $80 million in cash.
ESOP FORMED FOR ACQUISITION OF ARMSTRONG ENGINEERING
[Deal]
September 30, 2010
Linsey B. Bozzelli, Steven Dubow, Joseph T. Gulant, Barry L. Klein and Kari Knight Stevens
The sole shareholder of Armstrong Engineering, Inc., in connection with the sale of the company to the employees of Armstrong Engineering, Inc., who formed an ESOP for the acquisition.
TECHTEAM GLOBAL SELLS GOVERNMENT SOLUTIONS SUBSIDIARY FOR $43M
[Deal]
September 14, 2010
Jeffrey N. Siegel, Kipp B. Cohen, Yelena M. Barychev, Joseph T. Gulant, Barry L. Klein, Mathew S. Rotenberg, et al.
TechTeam Global, Inc. (Nasdaq: TEAM) in the sale of its government solutions subsidiary, TechTeam Government Solutions, Inc. ("TTGSI"), to Jacobs Engineering Group Inc. for $43 million.
J.F. LEHMAN & COMPANY SELLS ATLANTIC MARINE HOLDING COMPANY FOR $352 MILLION
[Deal]
July 13, 2010
T. Michael Dyer, Peter Schnur, Thomas Z. Cheplo, Rustin I. Paul, Joseph T. Gulant, Cory G. Jacobs, et al.
Blank Rome represented J.F. Lehman & Company ("JFL") in the sale of one of its portfolio companies, Atlantic Marine Holding Company, to BAE Systems, Inc. for $352 million.
AMERIFILE ACQUIRES PEACHTREE BUSINESS PRODUCTS
[Deal]
March 1, 2010
Kipp B. Cohen, Brett J. Schulman, Joseph T. Gulant, Cory G. Jacobs, Philip R. Rosenfeldt, Mathew S. Rotenberg, et al.
Amerifile, LLC, a portfolio company of Entrepreneur Partners, in a private equity investment transaction with an affiliate of Roark Capital Group and the subsequent acquisition by Amerifile of Peachtree Business Products, LLC.
GENERAL CABLE CORP. CLOSES $429.5M EXCHANGE OFFER
[Deal]
December 2009
Alan H. Lieblich, Joseph T. Gulant, Richard DiStefano, Ethan M. Seer, Harvey I. Forman, Lawrence R. Wiseman, et al.
General Cable Corporation in the closing of a $429.5 million exchange offer.
GSI COMMERCE ACQUIRES INTERNET RETAILER FOR $350 MILLION
[Deal]
November 19, 2009
Francis E. Dehel, Melissa Palat Murawsky, Karen L. Corliss, Richard J. McMahon, Barry L. Klein, Cory G. Jacobs, et al.
GSI Commerce, Inc. in its acquisition of Retail Convergence for $350 million.
NCO GROUP TO ACQUIRE OUTSOURCING SOLUTIONS FOR $325 MILLION
[Deal]
February 29, 2008
Lawrence R. Wiseman, Francis E. Dehel, Melissa Palat Murawsky, Margaret Anne Hill, Arthur Bachman, Barry L. Klein, et al.
NCO Group, Inc., in its definitive agreement to acquire Outsourcing Solutions Inc., for $325 million.
PROVIDENCE SERVICE CORPORATION ACQUIRES LOGISTICARE FOR $220 MILLION
[Deal]
December 7, 2007
Steven Dubow, Thomas P. Dwyer, Elise M. Adams, Thomas B. McKernan III, Brad L. Shiffman, Christin R. Cerullo, et al.
Providence Service Corporation in its acquisition of LogistiCare for $220 million.
Recognition
CHAMBERS USA 2011 RECOGNIZES MORE BLANK ROME ATTORNEYS AND PRACTICES
[Ranking]
June 10, 2011
Thomas H. Belknap, Jr., Thomas E. Biron, Fred Blume, Kevin J. Bruno, David W. Carickhoff, Sara L. Chenetz, et al.
CHAMBERS USA 2010 RECOGNIZES MORE BLANK ROME ATTORNEYS AND PRACTICES
[Ranking]
June 11, 2010
Thomas H. Belknap, Jr., Thomas E. Biron, Fred Blume, Ernest W. Chung, Scott F. Cooper, Steven Dubow, et al.
CHAMBERS USA 2009 RECOGNIZES MORE BLANK ROME ATTORNEYS AND PRACTICES
[Ranking]
June 2009
Thomas H. Belknap, Jr., Thomas E. Biron, Fred Blume, Scott F. Cooper, Steven Dubow, Bonnie Glantz Fatell, et al.
CHAMBERS USA 2008-HIGHER RANKINGS FOR MORE BLANK ROME TEAMS AND ATTORNEYS
[Ranking]
June 2008
Thomas E. Biron, Fred Blume, Scott F. Cooper, Steven Dubow, Bonnie Glantz Fatell, Joseph S. Finkelstein, et al.