May 19th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Benefits Benefits Council Proposes New Ways to Use Retirement Surpluses to Boost Benefits, Raise Revenue The American Benefits Council has pitched a plan to redirect some $100 billion in surplus funds from pension funds without terminating retirement plans. Compliance Cigna Hit With Forfeiture Lawsuit; Intuit Reaches Settlement The Cigna Group was accused of mismanaging the forfeited funds in its 401(k) plan, and a settlement was reached in a case against Intuit Inc. 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 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 331.99 points (0.78%) to close at 42,654.74, the Nasdaq rose 98.78 points (0.52%) to close at 19,211.10 and the S&P 500 rose 41.45 points (0.70%) to close at 5,958.38. The Russell 2000 rose 18.56 points (0.89%) to close at 2,113.25, and the FT Wilshire 5000 Index rose 436.54 points (0.74%) to close at 59,535.57. The 10-year Treasury bond decreased 4/32, bringing the yield to 4.484%. The 30-year Treasury bond decreased 31/32, bringing the yield to 4.954%. In the week ending May 16, the Dow rose 3.29%, the Nasdaq rose 6.67% and the S&P 500 rose 5.01%. The Russell 2000 rose 4.27%, and the FT Wilshire 5000 Index rose 5.02%. DEALS AND PEOPLE Retirement Industry People Moves NFP hires Perkins as SVP; Cochrane to lead Hub International non-profit specialty; OneDigital names Fong VP; and more. AWARDS PLANADVISER’S 2025 Retirement Plan Adviser of the Year Winners Named Winners were announced at the Industry Leader Awards dinner in New York along with recognition for top advisers and the launch of a new awards program to recognize excellence in operations. SMALL TALK ON THIS DATE: In 1890, Ho Chi Minh—founder of the Indochina Communist Party and president of the Democratic Republic of Vietnam—was born in Hoang Tru, Vietnam, French Indochina. In 1925, American Muslim minister and human rights activist Malcolm X was born in Omaha, Nebraska. In 1930, playwright Lorraine Hansberry, whose play A Raisin in the Sun, was the first drama by an African American woman to be produced on Broadway, was born in Chicago. In 1994, Jacqueline Kennedy Onassis—who, as a first lady married to John F. Kennedy, became known for her style and elegance—died at age 64. In 2018, Prince Harry, Duke of Sussex in the U.K., married actress Meghan Markle at St. George’s Chapel, Windsor Castle. In 2024, Iranian president Ebrahim Raisi died in a helicopter crash; Masoud Pezeshkian, the country’s most reform-oriented president in decades, was elected to replace him in July. 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