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June 6th, 2025
Insight on Plan Design & Investment Strategy Every Weekday
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Compliance
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PSNC 2025: Washington Update
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Experts discussed the latest on ESG investing, cryptocurrency and the status of including alternative assets in defined contribution plans. 
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| ECONOMIC EVENTS |
In the week ending May 31, the advance figure for seasonally adjusted initial claims was 247,000, an increase of 8,000
from the previous week’s revised level of 239,000, the Department of Labor reported. The four-week moving average was 235,000, an increase of 4,500 from the previous week’s revised average of 230,500.
Interest on a 30-year fixed-rate mortgage averaged 6.85% for the week ending June 5 down from last week’s rate of 6.89%, Freddie Mac reported. A year ago at this time, the 30-year FRM averaged 6.99%. Interest on a 15-year fixed-rate mortgage averaged 5.99%, down from last week when it averaged 6.03%. A year ago at this time, the 15-year FRM averaged 6.29%.
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| MARKET MIRROR |
Thursday the Dow fell 108 points (0.25%) to close at 42,319.74, the Nasdaq fell162.04 (0.83%) to close at 19,298.45 and the S&P 500 fell 31.51 points (0.53%) to close at 5,939.30. The Russell 2000 fell 1.13 points (0.05%) to close at 2,097.35, and the FT Wilshire 5000 Index fell 277.97 points (0.47%) to close at 59,353.84.
The 10-year Treasury note fell 25/32, bringing the yield to 4.395%. The 30-year Treasury bond fell 22/32, bringing the yield to 4.883%.
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PRODUCTS
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Product & Service Launches
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Income Lab launched Social Security tool; The Standard expands disability claim guidance, TIFIN integration intends to increase participation engagement; and more.
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ON THIS DATE: In 1892, Chicago’s elevated Loop train line (commonly known as the “L”) began operating, and it became one of the longest and busiest mass transit systems in the U.S. In 1925, the automobile manufacturer Chrysler Corporation was incorporated, with Walter P. Chrysler as president. In 1934, the Securities and Exchange Commission was established. In 1944, led by General Dwight D. Eisenhower, an Allied armada of ships, planes, and landing craft and some 156,000 troops began the invasion of northern France from England—the “D-Day” of World War II. In 1956, Swedish tennis player Björn Borg was born. In 1982, Israel invaded Lebanon. In 1998, the TV show “Sex and the City,” starring Sarah Jessica Parker, began airing on HBO. In 2004, for her performance in, “A Raisin in the Sun,” Phylicia Rashad became the first African American to win a Tony Award for best actress. In 2015, American Pharoah won the Belmont Stakes, becoming the first thoroughbred in more than 35 years to capture horse racing’s Triple Crown.
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