Preston Rutledge: EBSA Stories, SECURE 2.0 & More!

What a treat, today I am please to welcome Preston Rutledge, Founder and Principal of the Rutledge Policy group and previously Assistant Secretary of Labor for the EBSA and prior to that, senior tax and benefits counsel for Chairman Orrin Hatch on the US Senate Finance Committee. During our conversation we hit on a few good stories from his civil service days, talk about the concepts behind the SECURE Act and where we go from here, potential tax changes and the impact on retirement plans and much more. Definitely a good one to check out and share!   On that note, if you have been enjoying the podcast, please do take a minute to mention to a friend, colleague or networking group. As our audience continues to grow, it makes it easier for me to find high quality guests like Preston.    That's it, I hope your enjoy our conversation!   Guest Bio Preston Rutledge is the Founder and Principal of Rutledge Policy Group, LLC. With an uncommon combination of expertise both in legal and tax matters, he is a sought-after consultant and speaker in the areas of retirement, health plans, taxation, and environmental, social and governance (ESG) investing.  Prior to founding Rutledge Policy Group, Preston was the Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA). At EBSA, he led the drafting and publication of guidance to implement retirement, health, and workplace benefits policies and oversaw a nationwide team of over 800 employee benefits professionals. In international affairs, Preston led the U.S Delegation on private pension policy at the Organization for Economic Co-operation and Development (OECD) in Paris, France. Preston was a member of the OECD Insurance and Private Pensions Committee, and served as Chair of the OECD Working Party on Private Pensions. Preston also worked closely with the OECD affiliated International Organization of Pension Supervisors (IOPS).  Before joining the Department of Labor, Preston served as senior tax and benefits counsel for Chairman Orrin G. Hatch (R-UT) on the Majority Tax Staff of the US Senate Finance Committee. Preston had the retirement, non-profit, and insurance tax portfolio during tax reform in 2017, and he drafted the Chairman's primary retirement initiatives: the Secure Annuities for Employee (SAFE) Retirement Act and the Retirement Enhancement and Savings Act (RESA). RESA became the SECURE Act, the most sweeping reform of retirement savings policy in over a decade.  Prior to joining the Finance Committee, Preston served as a senior tax law specialist for retirement and non-profit policy on the Headquarters Staff of the Tax Exempt and Government Entities Division of the Internal Revenue Service. Earlier in his career he served as a law clerk on the United States Court of Appeals for the Fifth Circuit and worked in private law practice as an employee benefits counselor and ERISA litigator.  Preston earned a BS in business, cum laude, from the University of Idaho; JD, with high honors, from the George Washington University School of Law, where he was a member of the Law Review; and an LLM – taxation, with distinction, including a certificate in employee benefits law, from the Georgetown University Law Center. Prior to law school Preston was a Naval Officer, and served on the U.S.S. Bagley (FF-1069)    401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!