Bradford P. Campbell is a nationally recognized figure in employer-sponsored retirement plans. He is the former Assistant Secretary of Labor for Employee Benefits and former head of the Employee Benefits Security Administration. As ERISA’s former “top cop” and primary federal regulator, Brad provides his clients with insight and knowledge across a broad range of ERISA-plan related issues. He provides employee benefits advice to financial service providers and plan sponsors, particularly in relation to ERISA Title I issues, including fiduciary conduct and prohibited transactions. A prominent voice in the debate over the Department of Labor fiduciary regulation, Brad testified before four Congressional committees regarding the effects of the regulation, and provides clients with strategic and legal advice related to the final rule.
In addition to working with financial service and plan sponsor clients on compliance with the new fiduciary rule, recent activities for clients included advising on the development of a collective investment trust, creating fiduciary training programs for plan officials, granted individual prohibited transaction exemptions, and successfully resolving several DOL and IRS investigations and audits of large service providers and plan sponsors. He also serves as an expert witness in ERISA litigation.
Prior to serving as Assistant Secretary of Labor for Employee Benefits, Brad held a number of other senior positions in the government, including Deputy Assistant Secretary of Labor for Employee Benefits, Senior Legislative Officer for the Department of Labor, Legislative Director for then‐Congressman Ernest Fletcher, and Senior Legislative Assistant for then‐Congressman, later SEC Chairman Christopher Cox.
In addition to counseling financial service providers and plan sponsors in ERISA compliance, Brad has an active regulatory practice, assisting clients in and analyzing and offering comments on significant regulations. During his years in government, Brad played a key role in the significant ERISA retirement and health reforms of the prior decade, and his regulatory and policy decisions had a fundamental impact on the structure and operation of ERISA plans.
Brad is a contributor to Drinker Biddle’s Broker-Dealer Law Blog, which provides practical insights on litigation, regulatory, compliance and fiduciary issues impacting broker-dealers.
Brad’s efforts on behalf of his clients 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 HIPAA regulations governing wellness programs and nondiscrimination requirements.
100 Most Influential Persons in Defined Contribution Plans, 401kWire
Top 15 ERISA Attorneys in the U.S., National Association of Plan Advisers (NAPA)
Awards Methodology (www.drinkerbiddle.com/content/awards)
100 Most Influential Persons in Defined Contribution Plans401kWire
- District of Columbia
- Georgetown University Law Center, J.D., cum laude
- Harvard University, A.B.
- American Benefits Council, Policy Board Member