April 22nd, 2025 Insight on Plan Design & Investment Strategy Every Weekday AWARDS 2025 Best in Class 401(k) Plans Announced PLANSPONSOR today recognizes 401(k) retirement plans and their sponsors that stand out for their exceptional best practices.  Compliance Supreme Court Asks Solicitor General to Weigh In on Home Depot 401(k) Case District and appellate courts have split opinions on whether the burden of proof in the excessive fee case falls on the plan participants or the fiduciaries. Most Read Compliance DOL Expects to Release Guidance on Paper Statements, E-Disclosures Compliance Recordkeepers Brace for ‘Roth-Only’ Catch-Ups: What 2026 Rollout Might Look Like  Deals and People Bill Ryan to Join Carlyle as Managing Director, Head of Retirement Solutions MARKET MIRROR Monday, the Dow fell 971.82 points (2.48%) to close at 38,170.41, the Nasdaq fell 415.55 points (2.55%) to close at 15,870.90 and the S&P 500 fell 124.50 points (2.36%) to close at 5,158.20. The Russell 2000 fell 40.30 points (2.14%) to close at 1,840.32, and the FT Wilshire 5000 Index fell 1,243.70 points (2.36%) to close at 51,401.04. The 10-year Treasury note decreased 29/32, bringing the yield to 4.414%. The 30-year Treasury bond decreased 1 27/32, bringing the yield to 4.901%. Benefits PLANSPONSOR Roadmap: A PBM Process Experts discussed how pharmacy benefit managers drive the cost of prescription drugs and what plan sponsors should watch for in contracts. SPECIAL COVERAGE Fiduciary Education A review of who plan fiduciaries are, what is required of them, and the range of issues about which they should be educated. SMALL TALK ON THIS DATE: In 1904, theoretical physicist and science administrator J. Robert Oppenheimer, who served as director of the Los Alamos laboratory in New Mexico during development of the atomic bomb, was born in New York City. In 1970, the first U.S. Earth Day was celebrated. Earth Day—founded by politician and conservationist Gaylord Anton Nelson—helped spark the environmental movement and has grown into an international event. In 1983, the German magazine Stern created a sensation when it announced the discovery of the Hitler Diaries, 60 volumes of journals reportedly written by Adolf Hitler; however, they were quickly determined to be forgeries. In 1994, President Richard M. Nixon, the first American president to resign from office, died at age 81. In 2016, more than 170 countries signed the Paris Agreement on climate change, a landmark treaty that sought to control and reduce greenhouse gas concentrations in the atmosphere; it took effect in November 2016. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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