May 12th, 2026 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Employers Buckle Down on Pharmacy, Medical Costs Recent surveys show that companies plan to scale back coverage of GLP-1 medications for weight loss and that employees question rising medical costs. Deals and People Ascensus is Buying AmericanTCS Acquisition of the Pittsburgh-based retirement solutions provider is expected to expand Ascensus’ services for plan sponsors and other parts of the industry. Most Read Data and Research Employers Buckle Down on Pharmacy, Medical Costs Compliance 8th Circuit Tosses Wells Fargo Forfeiture Complaint on Lack of Standing Compliance DOL Eases Enforcement of New Rules for Paper Benefit Statements MARKET MIRROR Monday the Dow rose 95.31 points (0.19%) to close at 49,704.47, the Nasdaq rose 27.05 points (0.10%) to close at 26,274.13 and the S&P 500 rose 13.91 points (0.19%) to close at 7,412.84. The Russell 2000 rose 9.43 points (0.33%) to close at 2,870.64. The 10‑year Treasury note dropped 26/32, bringing the yield to 4.413%. The 30‑year Treasury bond fell 30/32, bringing the yield to about 4.989%  Compliance Ford Sued Over Alleged Misuse of Workers’ Retirement Savings The complaint claims the automaker improperly charged 401(k) participants for administrative costs and allowed excessive service-provider fees. Compliance How Much Do Trump’s IRA Plans Resemble the Australian Superannuation System? The president and his advisers float the idea of borrowing elements from Australia’s vast superannuation regime, but experts question how far Republicans are willing to go. SMALL TALK ON THIS DATE: In 1820, English nurse Florence Nightingale, credited with founding modern nursing as a profession for women, was born in Florence, Italy. International Nurses Day is celebrated on her birthday. In 1907, actress Katharine Hepburn was born. In 1925, baseball player, manager and coach Yogi Berra was born in St. Louis, Missouri. In 1926, aboard the semi-rigid airship Norge, Norwegian explorer Roald Amundsen, American scientist Lincoln Ellsworth and Italian engineer Umberto Nobile made the first undisputed flight over the North Pole. In 1937, King George VI of the United Kingdom was crowned following the abdication of Edward VIII. In 1949, the Soviet Union lifted its blockade of Berlin. In 1972, the Rolling Stones released Exile on Main Street, a double album that is considered one of their defining works. In 2008, a massive earthquake struck Sichuan province in China, causing great destruction and killing some 90,000 people. 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