October 9th, 2025 Insight on Plan Design & Investment Strategy Every Weekday Compliance IRS Halts Operations, Furloughs Employees as Shutdown Drags On  The agency will retain slightly more than half of its staff, but it will likely face delays if the government impasse continues.  Opinions The Retirement Income Strategy Hiding in Plain Sight An effective way to turn savings into lifetime income is enabling retiring participants to roll DC assets into an existing DB plan, writes a Goldman Sachs Asset Management managing director. Most Read Compliance House Passes Legislative Package Allowing CITs in 403(b) Retirement Plans  Compliance Fidelity-Pontera Dispute Reveals Tension Between Choice, Obligation Ask the Experts Can an Employer Match Catch-Up Contributions? MARKET MIRROR Wednesday the Dow fell 1.2 points to close at 46,601.78, the Nasdaq rose 255.01 points (1.12%) to close at 23,043.38, and the S&P 500 rose 39.13 points (0.58%) to close at 6,753.72. The Russell 2000 rose 25.57 points (1.04%) to close at 2,483.99, and the FT Wilshire 5000 Index rose 430.40 points (0.64%) to close at 67,542.86. The 10‑year Treasury note rose 22/32 bringing the yield to 4.121%. The 30‑year Treasury bond rose 2/32 bringing the yield to 4.712%. Administration Senate Confirms Janet Dhillon as PBGC Director Dhillon was one of 108 nominees confirmed Tuesday night to fill a variety of Department of Labor and other federal offices. Compliance Democrats Propose Bills to Eliminate TSP Withdrawal Penalties During Shutdown The bills, lacking Republican co-sponsors, are unlikely to pass, but are meant to address the financial hardship faced by federal workers during the government impasse.   SMALL TALK ON THIS DATE: In 1635, Roger Williams was banished from the Massachusetts Bay Colony; as a result, he later founded the colony of Rhode Island. In 1888, the Washington Monument—a marble-faced granite obelisk that honors the first U.S. President, George Washington—opened to the public in Washington, D.C. In 1936, the Boulder Dam (later called Hoover Dam), on the Arizona-Nevada border, began generating electricity for such areas as Los Angeles, which celebrated with a parade. In 1968, Jamaican sprinter Deon Hemmings was born in St. Anns, Jamaica. She was the first Jamaican woman to win an Olympic gold medal and once held the Olympic record for the women’s 400-meter hurdles. In 1990, David Souter took his seat as a U.S. Supreme Court associate justice. In 2004, for the first time in Afghanistan’s history, voters went to the polls to choose a president, selecting Hamid Karzai, who had served as the interim president after the fall of the Taliban regime in 2001. In 2012, a Taliban shooter shot 15-year-old Pakistani activist Malala Yousafzai, a vocal opponent of the ultraconservative group’s prohibition on the education of girls; despite being struck in the head, she survived the assassination attempt.  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