April 11th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance PLANSPONSOR Roadmap: Health Plan Fiduciary Duties–Data and Documents Accessing health plan data is a plan sponsor’s ‘superpower’ and provides leverage in negotiations with pharmacy benefit managers, according to experts. Benefits Social Security Administration Reverses Plans to End Phone Services After receiving backlash from retiree advocates, the agency announced that all claim types can be completed over the phone once again. Most Read Compliance Lawmakers Introduce Bill to Simplify Form 5500 Reporting Benefits Retirement Account Balances Often 'Are Far Too Low' For a Secure Retirement Opinions What a PEP Changes — and What It Doesn’t — for Employers ECONOMIC EVENTS In the week ending April 5, the advance figure for seasonally adjusted initial jobless claims was 223,000, an increase of 4,000 from the previous week’s unrevised level of 219,000, the Department of Labor reported. The four-week moving average was 223,000, unchanged from the previous week’s unrevised average of 223,000. Interest on a 30-year fixed-rate mortgage averaged 6.64% for the week ending April 3, down from last week when it averaged 6.65%, Freddie Mac reported. A year ago at this time, the 30-year FRM averaged 6.82%. Interest on a 15-year fixed-rate mortgage averaged 5.82%, down from last week when it averaged 5.89%. A year ago at this time, the 15-year FRM averaged 6.06%.  MARKET MIRROR Thursday, the Dow fell 1,014.79 points (2.50%) to close at 39,593.66, the Nasdaq fell 737.66 points (4.31%) to close at 16,387.31 and the S&P 500 fell 188.85 points (3.46%) to close at 5,268.05. The Russell 2000 fell 81.77 points (4.27%) to close at 1,831.39, and the FT Wilshire 5000 Index fell 1,948.06 points (3.59%) to close at 52,355.58. The 10-year Treasury note decreased 28/32, bringing the yield to 4.436%. The 30-year Treasury bond decreased 1 32/32, bringing the yield to 4.864%. Feature The Power of the Default Rate An employee’s initial saving rate makes a big difference in outcome. Administration Does Outsourcing Impact the Need for Fiduciary Education? While outsourcing advisers or consultants can help relieve plan sponsors’ administrative tasks, it does not absolve them of fiduciary responsibility. SMALL TALK ON THIS DATE: In 1895, Cuban activist and patriot José Julián Martí landed in Cuba at the head of an invading force whose goal was to win independence from Spain. In 1951, President Harry S. Truman relieved General Douglas MacArthur of his command of U.N. and U.S. forces during the Korean War. In 1961, the trial of Nazi leader Adolf Eichmann began in Jerusalem; eight months later it ended with the only death sentence ever imposed by an Israeli court. In 1970, Apollo 13 was launched from Cape Kennedy (now Cape Canaveral), Florida; although scheduled to be the third lunar landing, the mission was aborted after an oxygen tank exploded en route to the Moon.  In 1979, Ugandan President Idi Amin fled the country as Tanzanian-led forces neared Kampala. In 2013, dancer Maria Tallchief died at age 88. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2026 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850