March 17th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Benefits JPMorgan Sued Over Cost of Generic Drugs in Health Plan The defendants claim the company breached its ERISA fiduciary duty by putting business interests ahead of the plan and its participants. AWARDS 2025 Service Stars Named The PLANSPONSOR Service Star Awards program recognizes the retirement plan account representatives and relationship managers who, according to their plan sponsor clients, have demonstrated exemplary service. Most Read Compliance Lawmakers Introduce Bill to Simplify Form 5500 Reporting Benefits Retirement Account Balances Often 'Are Far Too Low' For a Secure Retirement Opinions What a PEP Changes — and What It Doesn’t — for Employers ECONOMIC EVENTS Thursday, the Department of Labor will issue its initial jobless claims report, and Freddie Mac will update average mortgage rates for the week.  MARKET MIRROR Friday, the Dow rose 587.70 points (1.44%) to close at 41,401.27, the Nasdaq rose 384.22 points (2.22%) to close at 18,196.22 and the S&P 500 rose 101.28 points (1.83%) to close at 5,622.80. The Russell 2000 rose 41.96 points (2.10%) to close at 2,075.48, and the FT Wilshire 5000 Index rose 1210.32 points (2.20%) to close at 56,252.06. The 10-year Treasury note decreased 4/32, bringing the yield to 4.317%. The 30-year Treasury bond decreased 6/32, bringing the yield to 4.622%. In the week ending March 14, the Dow fell 3.27%, the Nasdaq fell 2.80% and the S&P 500 fell 2.55%. The Russell 2000 fell 1.92%, and the FT Wilshire 5000 Index finished 2.20% lower. Administration Retirees Taking 1st RMDs Must Do So by April 1 The IRS rule applies to most participants in workplace retirement plans and all traditional IRA owners. DEALS AND PEOPLE Retirement Industry People Moves Ice Miller grows its governmental benefits team; Kristin McCarthy named head of product at PCS Retirement;  Mark Proctor joins Latham & Watkins LLP in New York; and more. SMALL TALK ON THIS DATE: In 1776, British General William Howe evacuated Boston after a successful siege by American revolutionaries led by General George Washington. In 1861, in Turin, Italy, after more than 10 years of revolution, a parliament assembled and officially proclaimed the unified Kingdom of Italy. In 1902, American golfer Bobby Jones, the first player to achieve a Grand Slam, was born. In 1905, Eleanor Roosevelt, niece of President Theodore Roosevelt, married her distant cousin Franklin D. Roosevelt, later a U.S. president. in 1919, Nat King Cole, an American musician reached enormous popularity with his warm, relaxed, somewhat breathy-voiced ballad singing, was born. In 1969, Golda Meir became the fourth prime minister of Israel. In 1992, nearly 69% of white South African voters backed F.W. de Klerk’s reforms—which included the repeal of racially discriminatory laws—and effectively endorsed the dismantling of apartheid. 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