Brad Campbell Discusses DOL Secretary Marty Walsh Departure With PLANADVISER and PLANSPONSOR

PLANADVISER and PLANSPONSOR spoke to benefits and executive compensation partner Brad Campbell about United States Secretary of Labor Marty Walsh resigning his cabinet post.

Campbell commented that the Department of Labor’s (DOL) work should not be impeded if Walsh leaves. “While Secretary Walsh’s departure obviously does impact the policy direction of the agency, I do not think it is likely to fundamentally change DOL’s actions on ESG or SECURE Act 2.0 issues,” he said.

“Assistant Secretary [Lisa] Gomez has both the personal expertise and the legal authority to lead the agency’s guidance and regulatory activities in this area, and she appears likely to remain in place, as she only recently took office,” Campbell added.