March 11th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance Senate Confirms Chavez-DeRemer as Secretary of Labor Monday’s full Senate vote came after President Donald Trump’s pick to head the Department of Labor was cleared by the HELP Committee last month. AWARDS 2025 PLANSPONSOR Best in Class DC Provider Standouts Announced Eleven providers received Best in Class Plan Provider recognition based on a high threshold rating from sponsors of defined contribution plans, micro to mega. 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 Monday, the Dow fell 890.01 points (2.08%) to close at 41,911.71, the Nasdaq fell 727.90 points (4.00%) to close at 17,478.32 and the S&P 500 fell 155.64 points (2.70%) to close at 5,614.56. The Russell 2000 fell 56.42 points (2.72%) to close at 2,019.07. The 10-year Treasury note increased 29/32, bringing the yield to 4.216%. The 30-year Treasury bond increased 30/32, bringing the yield to 4.544%. Products TIAA Expands Lifetime Income Access Through IRAs Working Americans can now gain access to TIAA’s fixed and variable annuity products through the company’s individual retirement accounts. EVENTS PLANSPONSOR Roadmap 2025 Livestream Series: Health Plan Fiduciary Duties Sponsors have created and refined their fiduciary duties to retirement plans over the years, but how does this translate into processes for health benefit plans? Join us for a series of livestream sessions in April to learn more. Plan sponsors and advisers will gain education and resources from experts about Consolidated Appropriations Act provisions and optimal ways to implement them, as well as learn how to apply a fiduciary process to health benefit plans. SMALL TALK ON THIS DATE: In 1985, Mikhail Gorbachev succeeded Konstantin Chernenko as leader of the Soviet Union. In 1990, following a vote in the parliament, Lithuania became the first Soviet republic to declare its independent from the U.S.S.R. In 2004, Madrid suffered a series of terrorist attacks when 10 bombs, detonated by Islamist terrorists, exploded on four trains at three different rail stations, killing 191 people and injuring some 1,800 others. In 2006, Chilean president Michelle Bachelet became the first woman to serve as the country’s president as she was sworn into office. In 2011, an earthquake struck off the northeastern coast of Honshu, Japan, causing widespread damage in the country and triggering a devastating tsunami that instigated a major nuclear accident. In 2020, the World Health Organization declared that the COVID-19 outbreak was a pandemic. 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