Preston Rutledge, who has years of federal government service experience, ‘is not a divisive figure' and is expected to seek bipartisan input on topics such as the fiduciary rule.
Increased engagement coupled with changing needs and an easier path to legal action put the onus on plan sponsors to ensure they can defend their strategy and investment choices.
The two should have set meetings to discuss outstanding issues, strategy and improvements to the retirement plan, explains defined contribution consultant Rhonda Berg.
