August 22, 2014

Brad Campbell Quoted in Investment News

Washington, D.C., counsel Bradford Campbell was quoted in Investment News in an article titled, “DOL eyes brokerage windows in 401(k) plans.”

The Department of Labor recently released its request for information on brokerage windows in 401(k) plans, and is requesting information from the industry on the types of choices available and how much is disclosed to participants. This broad inquiry potentially sets the stage for rule making by the DOL.

“My suspicion is that they have concerns in mind [on] whether participants are getting the information they need to make an informed decisions,” Brad said. “They raise a host of issues. I think it's likely the beginning of a broader regulatory project where they look at not just the disclosure issues, but fiduciary issues and other considerations on how these are being used in plans and what it means for participants.”

To read the entire article, click here.

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