February 6th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance Confirmation Hearing Date Announced for Secretary of Labor Nominee Chavez-DeRemer Meanwhile, government employee unions and labor groups filed a lawsuit seeking to block Elon Musk’s efficiency organization from accessing DOL systems containing sensitive information. Compliance Industry Groups Urge 11th Circuit to ‘Preserve Integrity of ERISA’ in Amicus Brief The employer organizations are supporting Southern Co. Services, accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits. Most Read 2025 PLANSPONSOR Best in Class DC Plan Provider Standouts Benefits How Plan Sponsors Can Leverage Technology to Promote Financial Wellness Benefits U.S. Corporate Pension Finances Suffered 'Worst Monthly Loss Since 2022' MARKET MIRROR Wednesday, the Dow rose 317.24 points (0.71%) to close at 44,873.28, the Nasdaq rose 38.32 points (0.19%) to close at 19,692.33 and the S&P 500 rose 23.60 points (0.39%) to close at 6,061.48. The Russell 2000 rose 26.03 points (1.14%), and the FT Wilshire 5000 Index rose 268.91 points (0.44%) to close at 61,010.65. The 10-year Treasury note increased 28/32, bringing the yield to 4.432%. The 30-year Treasury bond increased 1 3/32, bringing the yield to 4.663%. Opinions How Plan Sponsors Can Benefit in the Evolving 401(k) Competitive Landscape The key factors that differentiate between recordkeepers are changing, which means companies should adjust their requests for proposals accordingly. EVENTS PLANSPONSOR Roadmap 2025 Livestream Series: Secure 2.0 Join PLANSPONSOR for the first Roadmap series of 2025 in February and March. Gain education and resources from experts about SECURE 2.0 provisions and optimal ways to implement them. Register here for any and all of the three event days.  SMALL TALK ON THIS DATE: In 1862, Union naval commodore Andrew Foote, leading a flotilla of ironclads, captured Fort Henry, Tennessee, a strategic Confederate position during the Civil War. In 1895, baseball player Babe Ruth, whose home run hitting helped make him one of the most celebrated athletes in American sports, was born. In 1932, French film director François Truffaut, whose attacks on established filmmaking techniques paved the way for the movement known as New Wave, was born. In 1945, singer-songwriter Bob Marley—who achieved stardom by blending early ska, rock steady and reggae forms into an electrifying rock-influenced hybrid—was born. In 1993, tennis player Arthur Ashe, the first Black man to win a Grand Slam championship, died of AIDS-related pneumonia. In 2014, comedian Jay Leno hosted his last episode of “The Tonight Show;” he had previously retired in 2009 but returned the following year.  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