Brad advises financial service providers and plan sponsors, particularly in relation to ERISA Title I issues, such as fiduciary conduct and prohibited transactions as well as developing policy issues. A prominent voice in the debates over fiduciary and best-interest regulations, Brad has testified before various congressional committees more than a dozen times. He provides clients with analysis, commentary, and strategic and legal advice on significant updates and assists them in offering comments on proposed regulations.
He also helps clients develop products and compliance systems that meet the requirements for qualified retirement plans and IRAs, as well as fiduciary training programs for plan officials. Brad assists clients in requesting prohibited transaction exemptions and advisory opinions for activities related to employee benefits plans. Brad has a track record of successfully resolving Department of Labor (DOL) and Internal Revenue Service (IRS) investigations and audits for large service providers and plan sponsors, and serves as an expert witness in ERISA litigation.
Brad is a contributor to the firm’s Broker-Dealer Law Blog, which provides practical insights into litigation, regulatory, compliance and fiduciary issues impacting broker-dealers, and is a frequent speaker and commentator in the media, including the Wall Street Journal, Fox Business News and numerous trade press publications.
Brad is the former Assistant Secretary of Labor for Employee Benefits, head of the Employee Benefits Security Administration (EBSA). Prior to serving in that role, he held other senior government positions, including as Deputy Assistant Secretary of Labor for Employee Benefits, senior DOL legislative officer, legislative director for U.S. Rep. Ernest Fletcher, and senior legislative assistant for U.S. Rep. and later Securities and Exchange Commission Chair Christopher Cox.
During his years in government, Brad played a key role in the Pension Protection Act and other significant ERISA retirement and health reforms, and his regulatory and policy decisions have had a fundamental impact on the structure and operation of ERISA plans, including promulgating the final rule establishing Qualified Default Investment Alternatives (QDIA) facilitating automatic enrollment retirement plans.
Brad’s efforts on clients’ behalf are informed by his experience as the former Assistant Secretary of Labor for Employee Benefits. While in that position, Brad:
- Issued final regulations establishing Qualified Default Investment Alternatives (QDIAs) to facilitate automatic enrollment in defined contribution plans
- Administered an enforcement program resulting in more than $2.6 billion in monetary results and more than 200 criminal indictments
- Orchestrated the implementation of the Pension Protection Act’s sweeping changes to pension regulations, issuing nearly 30 regulations and major guidance documents
- Proposed the original 408(b)(2) service provider and 404(a)(5) participant disclosure regulations
- Issued final regulations improving participant access to professional investment advice
- Issued final regulations requiring enhanced and electronic disclosure of plan expense and fee information on the Form 5500, Schedule C
- Directed policy in major litigation, including DOL amicus briefs
- Negotiated with Congress to modify final genetic discrimination and mental health parity legislation
- Issued final Health Insurance Portability and Accountability Act (HIPAA) regulations governing wellness programs and nondiscrimination requirements
District of Columbia
Georgetown University Law Center
J.D. cum laude
Insights & Events
- ‘Neutral' ESG rule draws GOP fire in court and Congress
InsuranceNewsNet, Feb. 23, 2023
- Analysts: DOL rollover ruling ‘a big deal,’ but don’t get carried away
InsuranceNewsNet, Feb. 17, 2023
- DOL Rollover Guidance Is Not Dead, Lawyer Warns
ThinkAdvisor, Feb. 16, 2023
- DOL Moving Closer To Blanket Fiduciary Rule, Attorney Says
Financial Advisor Magazine, Aug. 23, 2022
- DOL likely inching close to a full fiduciary rule, analysts say
InsuranceNewsNet, Aug. 19, 2022
- Key retirement legislation could secure legacy for some powerful DC backers
InsuranceNewsNet, Aug. 18, 2022
- Why Secure Act 2.0 Will Pass This Year: Former DOL Head Brad Campbell
ThinkAdvisor, Aug. 18, 2022
- Firms Already 'Self-Correcting' DOL Rollover Rule Violations, Attorney Says
Financial Advisor Magazine, Aug. 18, 2022
Firm Blog Contributions
- Spotlight on Benefits – a blog offering practical insight on legal developments which impact benefit plans
Leadership & Community
- American Benefits Council — Policy Board Member
- Chambers USA — “Recognised Practitioner” District of Columbia, Employee Benefits & Executive Compensation, 2017-19
- PLANADVISER — Inaugural Vision Award Recipient, 2022
- 401kWire — 100 Most Influential Persons in Defined Contribution Plans
- National Association of Plan Advisers (NAPA) — Top 15 ERISA Attorneys in the U.S.
No aspect of these recognitions has been approved by the highest court of any state.