May 13th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance HSA Limits to Rise for 2025 Workers will be able to contribute $4,300 annually for self-only coverage and $8,550 for family coverage. Compliance Appeals Court Revives Pension Case Against Northrop Grumman For a second time, the 9th Circuit has resurrected a lawsuit that targeted the aerospace and defense company.   Most Read Compliance ERISA Attorneys Call for Restoration of PBGC Pension Guarantees Benefits How to Make the Most of Increasing Longevity Benefits Research Reveals Access to ESAs Does Not Match Interest ECONOMIC EVENTS Tuesday, the Bureau of Labor Statistics will report the producer price index for April. Wednesday, the Bureau of Labor Statistics will report the consumer price index for April. Thursday, the Department of Labor will issue its initial jobless claims report, Freddie Mac will update average mortgage rates for the week and the Census Bureau will report housing starts for April. MARKET MIRROR Friday, the Dow rose 125.08 points (0.32%) to close at 39,512.84, the Nasdaq fell 5.40 points (0.03%) to close at 16,340.87 and the S&P 500 rose 8.60 points (0.16%) to close at 5,222.68. The Russell 2000 fell 13.85 points (0.67%) to close at 2,059.78, and the FT Wilshire 5000 Index rose 52.14 points (0.099%) to close at 52,468.28. The 10-year Treasury note fell 25/32, bringing the yield to 4.502%. The 30-year Treasury bond fell  32/32, bringing the yield to 4.642%. For the week ending May 10, the Dow rose 2.16%, the Nasdaq rose 1.14% and the S&P 500 rose 1.85%. The Russell 2000 rose 1.18%, and the FT Wilshire 5000 Index finished 1.77% higher. Compliance Ann Orr Named New PBGC Acting Director The Biden administration has not yet nominated a full director. DEALS AND PEOPLE Retirement Industry People Moves Devane named a director at SageView; Riley joins NEPC defined contribution team; AdvicePay promotes Lewis to president; and more.    SMALL TALK ON THIS DATE: In 1846, tensions between Mexico and the U.S.—stemming from the U.S. annexation of Texas in 1845—led the Congress to approve a declaration of war against Mexico. In 1940, British politician Winston Churchill faced the House of Commons for the first time as prime minister and told the members that “I have nothing to offer but blood, toil, tears and sweat.” In 1941, singer and songwriter Ritchie Valens was born in Pacoima, California. In 1950, musician Stevie Wonder was born in Saginaw, Michigan. In 1960, a Swiss expedition led by Max Eiselin reached the summit of Dhaulagiri in the Himalayas, the seventh highest mountain in the world. In 1964, actor and comedian Stephen Colbert was born. In 1981, Pope John Paul II survived an assassination attempt in St. Peter’s Square, Vatican City, in which he was shot and seriously wounded by Mehmet Ali Agca, a Turkish national. In 2019, singer and actor Doris Day died at age 93. 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