February 13th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Deals and People Daniel Aronowitz Nominated to Head EBSA President Donald Trump’s nomination of Aronowitz, an expert on fiduciary liability insurance, was received in the Senate on Tuesday. Compliance DOL Seeks Pause of Fiduciary Rule Stay Appeal Department of Labor had filed notices of appeal in September 2024 regarding two federal court rulings that had stayed implementation of the expanded fiduciary rule.  Most Read Benefits JPMorgan Sued Over Cost of Generic Drugs in Health Plan 2025 Service Stars Compliance JPMorgan Sued for Including ‘Underperforming’ Stable Value Fund in 401(k) Menu MARKET MIRROR Wednesday, the Dow fell 225.09 points (0.50%) to close at 44,368.56, the Nasdaq rose 6.10 points (0.03%) to close at 19,649.95 and the S&P 500 fell 16.53 points (0.27%) to close at 6,051.97. The Russell 2000 fell 19.81 points (0.87%) to close at 2,255.89, and the FT Wilshire 5000 Index fell 193.89 points (0.32%) to close at 60,756.57. The 10-year Treasury note decreased 31/32, bringing the yield to 4.655%. The 30-year Treasury bond decreased 1 27/32, bringing the yield to 4.854%. Benefits American Benefits Council Advocates for Tax Preferences in Policy Guide for Next 5 Years The national trade association emphasized the importance of protecting retirement and health plans under ERISA and maintaining the current tax incentives associated with these plans. Compliance ERISA Industry Committee Outlines Latest Employer Priorities In its letter to Congress, ERIC urged lawmakers to ‘preserve and protect’ ERISA, maintain tax incentives in health and retirement plans, and impost health care cost transparency. SMALL TALK ON THIS DATE: In 1950, British musician Peter Gabriel, the lead singer of the progressive rock band Genesis before launching a successful solo career, was born. In 1960, France detonated its first atomic bomb in the Sahara desert. In 1997, The Dow Jones Industrial Average first eclipsed the 7,000 mark, then closed at 7,022.44. In 2000, The last Peanuts comic strip was published in newspapers, just hours after the death of creator Charles Schulz. In 2002, Scottish Parliament passed the Protection of Wild Mammals Bill, which made it illegal to hunt wild mammals with dogs, effectively outlawing foxhunting in Scotland. In 2008, Australian Prime Minister Kevin Rudd apologized to the Australian Aboriginal peoples for abuses they had suffered under earlier administrations. In 2016, jurist Antonin Scalia—who served as an associate justice of the Supreme Court of the United States, becoming well known for his strong legal conservatism—died in Shafter, Texas. 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