In this episode of Human Capital, we talk with Brad Campbell, former assistant secretary of the Labor Department’s Employee Benefits Security Administration, who’s now a partner at FaegreDrinker in Washington.
Campbell weighs in on Labor’s controversial fiduciary prohibited transaction exemption to align with the Securities and Exchange Commission’s Regulation Best Interest, and clarifies a couple “unusual items” that were included in Labor’s plan.
Comment letters continued to flood in just before the Aug. 6 comment period on Labor’s controversial plan ended Thursday, Aug. 6.
Campbell also talks about an “emerging issue” in litigation involving retirement plans: getting access to participant data, and the data privacy implications. He also clears up some confusion surrounding Labor’s ESG proposal.