President Donald Trump will nominate Preston Rutledge to be the next Assistant Secretary of Labor, Employee Benefits Security Administration.

Rutledge, who currently serves as senior tax and benefits counsel for Senate Finance Committee Chairman Orrin Hatch (R-Utah), will fill the role that was left vacant when Obama-appointee Phyllis Borzi left the position in January.

[Image credit: Bloomberg]
[Image credit: Bloomberg]

Borzi helped create and implement the Department of Labor's fiduciary rule.

Prior to joining the Finance Committee, Rutledge served as a senior tax law specialist on the IRS’s Headquarters Staff of the Tax Exempt and Government Entities Division. Before that, he was a senior technical reviewer in the of the Office of Chief Counsel’s Qualified Pension Plans Branch for the IRS.

Rutledge also served as a law clerk on the U.S. Court of Appeals for the Fifth Circuit, and practiced law as an employee benefits counselor and ERISA litigator.

EBSA is manages approximately 700,000 private retirement plans, and an estimated 2.5 million health and welfare benefit plans.

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