February 20th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance Chavez-DeRemer Shows Support for Union Pension Assistance Law in Confirmation Hearing President Donald Trump’s nominee for secretary of labor expressed support for the Biden-era Butch Lewis Act, but also walked back her support for pro-union legislation. Data and Research Lower Managed Account Fees Would Likely Increase Plan Sponsor Adoption According to a new survey, 70% of plan sponsors would be interested in managed accounts as an opt-in if the fees were 10 basis points or less. 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 rose 71.25 points (0.16%) to close at 44,627.59, the Nasdaq rose 14.99 points (0.07%) to close at 20,056.25 and the S&P 500 rose 14.57 points (0.24%) to close at 6,144.15. The Russell 2000 fell 7.90 points (0.34%) to close at 2,282.46, and the FT Wilshire 5000 Index rose 64.96 points (0.11%) to close at 61,616.59. The 10-year Treasury note increased 2/32, bringing the yield to 4.538%. The 30-year Treasury bond increased 1/32, bringing the yield to 4.775%. Data and Research Public Sector Employees Favor Default Investment Offerings MissionSquare findings emphasize the importance of well-designed default options in securing retirement outcomes. VIDEO PLANSPONSOR Roadmap: SECURE 2.0 – Catch-Up Provisions While plan sponsors now have the option to offer “super catch-up” contributions to their employees aged 60 to 63 under the SECURE 2.0 Act of 2022, many employers and participants still have questions when it comes to implementing and administering this provision. Watch the video of the PLANSPONSOR Roadmap: SECURE 2.0 Livestream on catch-up contributions. SMALL TALK ON THIS DATE: In 1872, the Metropolitan Museum of Art in New York City opened to the public, and it later became one of the foremost museums in the world. In 1902, Ansel Adams, the most important landscape photographer of the 20th century, was born in San Francisco. In 1909, Italian author Filippo Tommaso Marinetti coined the term Futurism in the Parisian newspaper Le Figaro. In 1929, the U.S. Congress formally accepted the deeds of cession of eastern Samoa, forming American Samoa. In 1943, the volcano Paricutín in Michoacán state, Mexico, erupted, eventually burying two villages. In 1976, the Southeast Asia Treaty Organization held its final exercise in Manila (and formally ended on June 30, 1977). In 1986, the Soviet Union launched the core module of the space station Mir. In 2005, journalist and author Hunter S. Thompson, who created the genre known as gonzo journalism, a highly personal style of reporting that made him a counterculture icon, died of a self-inflicted gunshot wound. 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