May 9th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance California District Court Dismisses Forfeitures Class Action Against Kaiser Foundation A federal judge dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA. Benefits Bill Would Expand Definition of Federal Law Enforcement for Retirement Purposes The legislation, referred to the House Committee on Oversight and Government Reform, comes after the panel advanced a measure to cut federal employee pensions last week. Most Read Compliance DOL Expects to Release Guidance on Paper Statements, E-Disclosures Compliance Recordkeepers Brace for ‘Roth-Only’ Catch-Ups: What 2026 Rollout Might Look Like  Deals and People Bill Ryan to Join Carlyle as Managing Director, Head of Retirement Solutions ECONOMIC EVENTS In the week ending May 3, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 13,000 from the previous week’s unrevised level of 241,000, the Department of Labor reported. The four-week moving average was 227,000, an increase of 1,000 from the previous week’s unrevised average of 226,000. Interest on a 30-year fixed-rate mortgage averaged 6.76% for the week ending May 8 unchanged from last week, Freddie Mac reported. A year ago at this time, the 30-year FRM averaged 7.09%. Interest on a 15-year fixed-rate mortgage averaged 5.89%, down from last week when it averaged 5.94%. A year ago at this time, the 15-year FRM averaged 6.38%. MARKET MIRROR Thursday the Dow rose 254.48 points (0.62%) to close at 41,368.45, the Nasdaq rose 189.98 points (1.07%) to close at 17,928.14 and the S&P 500 rose 32.66 points (0.58%) to close at 5,663.94. The Russell 2000 rose 36.75 points (1.85%) to close at 2,026.41, and the FT Wilshire 5000 Index rose 414.38 points (0.74%) to close at 56,587.66. The 10-year Treasury note fell 30/32, bringing the yield to 4.381%. The 30-year Treasury bond dropped 4/32, bringing the yield to 4.802%. PRODUCTS Product & Service Launches Integrated Partners implements fraud tools to protect clients; World Investment Advisors gets access to Pontera’s platform; Pacific Life’s workforce benefits integrates with bswift; and more. Case Study Bringing Everyone In MSB Consulting Engineers prioritizes support and communication SMALL TALK ON THIS DATE: In 1502, master navigator and admiral Christopher Columbus, set sail from Cádiz, Spain, on his fourth and final voyage, hoping to find a passage to Asia. In1958, Alfred Hitchcock’s psychological thriller Vertigo, starring James Stewart and Kim Novak, premiered in San Francisco and became widely regarded as one of the greatest movies ever. In 1960, the U.S. Food and Drug Administration approved the first birth control pill. In 1974, the U.S. House Judiciary Committee began formal hearings in the impeachment investigation of President Richard M. Nixon. In 1980, the horror film classic Friday the 13th, about summer camp counselors being hunted by a masked killer, was released in theatres, and its huge success led to a popular franchise. In 2020, American singer and pianist Little Richard, whose hit songs of the mid-1950s were defining moments in the development of rock and roll, died at age 87. 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