The White House's nomination of E. Preston Rutledge to head the Employee Benefits Security Administration, the arm of the Labor Department that oversees workplace retirement and health care policy, was met with wide ranging support among industry stakeholders.
"We believe Mr. Rutledge will make and excellent EBSA Assistant Secretary," said Tim Rouse, executive director of the The Spark Institute, which advocates on behalf of defined contribution service providers.
"Preston has presented in the past at Spark conferences and has shown a deep understanding of retirement issues and a willingness to engage with our members to improve the financial security of Americans saving for retirement," added Rouse in an email.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
