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Active vs. Passive Investing: Understanding the Difference
Active vs. Passive Investing: Understanding the Difference
Knowing how each type of investing works, as well as their advantages and disadvantages, can help retirement plan sponsors construct appropriate investment menus.
DOL Has a Bone to Pick With DST Systems ERISA Lawsuit Settlements
Secretary of Labor Eugene Scalia is fighting his own lawsuit about the matter and objects to a provision in the settlements that would bar him from litigation.
Most Read
IRS Updates Life Expectancy Tables for Retirees
Recent TDF Performance Lawsuits Raise Insurer Ire
Ask the Experts
Should Each Recordkeeper Use Its Own Plan Document?
Economic Events
Existing-home sales rose in December, with home sales in 2020 reaching the highest level since 2006, according to the National Association of Realtors. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.7% from November to a seasonally-adjusted annual rate of 6.76 million in December. Sales in total rose year-over-year, up 22.2% from a year prior (5.53 million in December 2019).

Tomorrow, the Conference Board will release its Consumer Confidence Index for January. Wednesday, the Census Bureau will report about durable goods orders for December. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about new home sales for December.
Market Mirror
Friday, the Dow lost 179.03 points (0.57%) to finish at 30,996.98, the NASDAQ increased 12.15 points (0.09%) to 13,543.06, and the S&P 500 closed 11.60 points (0.30%) lower at 3,841.47. The Russell 2000 climbed 27.34 points (1.28%) to 2,168.76, and the Wilshire 5000 was down 25.88 points (0.06%) at 40,783.64.

The price of the 10-year Treasury note increased 24/32, bringing its yield down to 1.084%. The price of the 30-year Treasury bond was up 6/32, decreasing its yield to 1.847%.

For the week ending January 22, the Dow was up 0.59%, the NASDAQ climbed 4.19%, and the S&P 500 increased 1.94%. The Russell 2000 gained 2.15%, and the Wilshire 5000 finished 2.01% higher.
Data and Research
403(b) Plan Investment Lineups Have Changed
Since regulations were passed in 2007, mutual funds have been embraced more by 403(b) plan sponsors and participants, and mutual fund fees have decreased.
The Argument to Save Pensions by Saving Unions
Some sources say growing union membership to previous levels could go a long way toward solving many of the most vexing economic challenges facing Americans today, including retirement insecurity.
Employees Want More Help From Employers on Retirement
More than half of participants surveyed said a guaranteed retirement benefit would best meet their needs.
Deals and People,
Calling All PLANSPONSOR Plan Adviser of the Year Nominations
Does your retirement plan adviser go above and beyond for your plan and participants? Tells us their story by nominating them for the 2021 PLANSPONSOR Plan Adviser of the Year awards.
Retirement Industry People Moves
New Partner joins MKCI; DOL appoints leadership for 2021 Advisory Council; and ICMA-RC brings in new SVP and chief marketing officer.
Small Talk
ON THIS DATE: In 1858, Mendelssohn’s “Wedding March” was presented for the first time at the wedding of the daughter of Queen Victoria and the Crown Prince of Prussia. In 1890, the United Mine Workers of America was founded. In 1905, at the Premier Mine in Pretoria, South Africa, a 3,106-carat diamond was discovered during a routine inspection by the mine’s superintendent. Weighing 1.33 pounds, and christened the “Cullinan,” it was the largest diamond ever found. In 1915, in New York City, Alexander Graham Bell spoke to his assistant in San Francisco, inaugurating the first transcontinental telephone service. In 1924, the first Winter Olympics started at Chamonix in the French Alps. In 1949, the first Emmys were presented at the Hollywood Athletic Club. In 1961, President John F. Kennedy became the first U.S. president to hold a live televised news conference. From a podium in the State Department auditorium, Kennedy read a prepared statement regarding the famine in the Congo, the release of two American aviators from Russian custody and impending negotiations for an atomic test ban treaty. In 1964, Nike was founded. The company was originally named Blue Ribbon Sports. In 1999, in Louisville, Kentucky, a man received the first hand transplant in the United States. In 2010, in Arlington, Texas, the International Bowling Museum and Hall of Fame had its grand opening.
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