August 25th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Benefits NCPERS Announces NextGen Competition Winner The winning proposal centered on selling vacant lots in Chicago to generate revenue and drive long-term fiscal sustainability for public pensions. Opinions Why Do Small Businesses Rarely Claim Tax Credits for Offering Retirement Plans? According to the authors of a recently published paper, a lack of awareness—among both firms and their tax preparers—continues to limit take-up of SECURE Act tax credits. Most Read Compliance 8th Circuit Tosses Wells Fargo Forfeiture Complaint on Lack of Standing Compliance DOL Eases Enforcement of New Rules for Paper Benefit Statements Deals and People Equitable, Corebridge Name Steve Scanlon, Bryan Pinsky to Run Combined Retirement Divisions ECONOMIC EVENTS Thursday, the Department of Labor will issue its initial jobless claims report, and Freddie Mac will update average mortgage rates for the week.  MARKET MIRROR Friday the Dow rose 846.24 points (1.89%) to close at 45,631.74, the Nasdaq rose 396.22 points (1.88%) to close at 21,496.53 and the S&P 500 rose 96.74 points (1.52%) to close at 6,466.91. The Russell 2000 rose 87.85 points (3.86%) to close at 2,361.95 and the FT Wilshire 5000 Index rose 1,083.84 points (1.70%) to close at 64,699.20 points. The 10-year Treasury note rose 6/32, bringing the yield to 4.259%. The 30-year Treasury bond rose 6/32, bringing the yield to 4.879%.    In the week ending August 22, the Dow rose 1.53%, the Nasdaq was down 0.58% and the S&P 500 increased 0.26%. The Russell 2000 was up 3.30%, and the FT Wilshire 5000 Index finished 0.53% higher.  Portrait of Retiree An Adviser Becomes the Participant Phyllis Klein applies what she learned at work to her own retirement ‘plans’ Deals and People Retirement Industry People Moves TRA appoints David Kay as regional plan consultant; Diana Winalski Joins EY Americas as deputy CIO; Margaret Ryan named director of SEC’s Enforcement Division; and more. SMALL TALK ON THIS DATE: In 1916, U.S. President Woodrow Wilson signed the “Organic Act,” which established the National Park Service. In 1944, some two months after the Allied invasion of Normandy, Paris was liberated from German occupiers as the Free French 2nd Armoured Division under General Jacques-Philippe Leclerc entered the city. In 1945, John Birch, an American Baptist missionary and U.S. Army intelligence officer, was killed by Chinese communists, which later inspired the founding of the John Birch Society – a private organization that considered Birch to be the first hero of the Cold War. In 2009, politician Ted Kennedy, who was a prominent figure in the Democratic Party and the last surviving brother of President John F. Kennedy, died at age 77. In 2012, U.S. astronaut Neil Armstrong – who was the first person to set foot on the Moon – died at age 82. In 2018, politician John McCain – who served two terms in the U.S. House of Representatives and 31 years as a U.S., senator, lost to Barack Obama in the 2008 presidential election– died at age 81. 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