President Barack Obama named Thomas Perez, an assistant U.S. attorney general, as his choice for labor secretary in his second term. Perez would replace Hilda Solis, ensuring that the Labor Department is led again by a Hispanic, helping the president maintain diversity in his cabinet. Solis resigned in January.
(There was no immediate indication based on his career history that he would reverse course on any of the DOL’s ongoing initiatives to promote the interests of retirement plan participants and keep the pressure on plan sponsors and advisers to act consistently with that priority.)
