June 27th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance Daniel Aronowitz Approved by Senate Committee as EBSA Head Trump’s nominee will now face a full Senate vote to lead the Department of Labor agency tasked with enforcing the Employee Retirement Income Security Act and safeguarding employer-sponsored retirement.  Compliance SEC to Evaluate Use of Private Equity in Retirement Accounts The agency has previously raised concerns about risks of the traditionally institutional asset class. Most Read 2026 PLANSPONSOR Best in Class DC Plan Provider Standouts Compliance What Does It Mean to Be a Fiduciary? Compliance How the 401(k) Alts Debate Raises Fiduciary Stakes ECONOMIC EVENTS In the week ending June 21, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 10,000 from the previous week’s revised level of 246,000. The four-week moving average was 245,000, a decrease of 750 from the previous week’s revised average of 245,750.  The 30-year fixed-rate mortgage averaged 6.77% as of June 26, 2025, down from last week when it averaged 6.81%. A year ago at this time, the 30-year FRM averaged 6.86%. The 15-year fixed-rate mortgage averaged 5.89%, down from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 6.16%. MARKET MIRROR Thursday the Dow rose 404.41 (0.94%) to close at 43,386.84, the Nasdaq rose 194.36 (0.97%) to close at 20,167.91 and the S&P rose 48.86 (0.80%) to close at 6,141.02. The Russell 2000 rose 35.92 (1.68%) to close at 2,172.11, and the FT Wilshire 5000 Index rose 532.42 (0.88%) to close at 61,334.01. The 10-year Treasury note rose 26/32, bringing the yield to 4.243%. The 30-year Treasury bond rose 28/32, bringing the yield to 4.802%. Products Vestwell Launches PEP for Amazon’s Delivery Service Partner Program The company intends to bring retirement savings to the historically underserved group of workers. AWARDS Meet the 2025 Plan Sponsor of the Year Winners Total Retirement Offering Corporate DC >$100M – $200M – State Universities Retirement System (Illinois) NOMINATOR COMMENTS: “The SURS Deferred Compensation Plan is a voluntary 457(b) plan created to provide members an avenue to save more and generate additional income in retirement. The SURS DCP has been carefully designed to provide lifetime monthly income to address the anticipated shortfall and supplement the monthly income members will receive from their SURS 401(a) pension.” SMALL TALK ON THIS DATE: In 1844, Joseph Smith, founder of the Mormon church, was murdered by an armed mob in Carthage, Illinois. In 1862, during the first Battle of Cold Harbor in the American Civil War, Confederate General Robert E. Lee attacked Union troops, driving them back in disorder and forcing them to withdraw to the south side of the Chickahominy River. In 1917, during World War I Greece declared war on the Central Powers. In 1925, American screen and stage actor Jack Lemmon, who was adept at both comedy and drama, was born. In 1930, American businessman and philanthropist Ross Perot, who was an independent candidate for U.S. president in 1992 and 1996, was born. In 1977, Djibouti gained its independence from France. In 2007, British Labour Party politician Gordon Brown became prime minister of the United Kingdom. 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