January 7th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance Biden Signs Social Security Fairness Act While a major win for public employees, the legislation is also projected to hasten the insolvency of the trust funds that back the benefit program. AWARDS Looking for Exceptional 403(b) Plan Advisers! Are you a 403(b)-plan sponsor who loves your advise? Help us recognize the best in the business by nominating them today for the 2025 PLANADVISER Retirement Plan Adviser of the Year awards. The form is short, and the deadline is January 10. Most Read Compliance House Passes Legislative Package Allowing CITs in 403(b) Retirement Plans  Compliance Trump Signs Executive Order Targeting ‘Politically-Motivated’ Proxy Advisers  Compliance IRS Issues Guidance Expanding HSA Access MARKET MIRROR Monday, the Dow fell 25.57 points (0.06%) to close at 42,706.56, the Nasdaq rose 243.30 points (1.24%) to close at 19,864.98 and the S&P 500 rose 32.91 points (0.55%) to close at 5,975.38. The Russell 2000 fell 1.83 points (0.08%) to close at 2,266.65, and the FT Wilshire 5000 Index rose 317.34 points (0.53%) to close at 59,977.01. The 10-year Treasury note decreased 24/32, bringing the yield to 4.636%. The 30-year Treasury bond decreased 29/32, bringing the yield to 4.858%. Administration PBGC Premiums Now Due Sooner Than in Past Years Premiums for plan years beginning this year will generally be due one month earlier than provided in the PBGC’s payment of premiums regulation. Benefits Research Quantifies the Broad Economic Impact of Pension Payments Public and private sector defined benefit pension fund payments added $224.3 billion in tax revenue to the U.S. economy in 2022, according to the National Institute on Retirement Security. SMALL TALK ON THIS DATE: In 1957, broadcast journalist Katie Couric, the first solo female anchor of a major network (CBS) evening news program, was born. In 1968, uncrewed U.S. space probe Surveyor 7 was launched and, a few days later, made a soft landing on the Moon. In 1979, Vietnamese forces took control of Phnom Penh, Cambodia, ousting the Khmer Rouge and its leader, Pol Pot. In 2001, John Kufuor was inaugurated as president of Ghana in the country’s first peaceful transition from one elected government to another. In 2003, by presidential decree, Christmas was celebrated for the first time as a national holiday in Egypt, an almost entirely Muslim country. In 2015, two gunmen connected to al-Qaeda in the Arabian Peninsula, a Yemini-based militant group, stormed the Paris offices of “Charlie Hebdo” and killed 12 people in retribution for the satirical magazine’s portrayals of the Prophet Muhammad; the attackers were later killed by police.  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