PLANADVISER Weekend Newsdash
Week ending April 1st, 2016
NOTE FROM THE EDITOR
Happy Friday PLANADVISER readers! This weekend’s mailing offers up some food for thought on the youngest generation of retirement plan participants: the Millennials. Like the U.S. generations to enter the workforce before them, Millennials are a diverse and dynamic group, pushing employers to rethink the packaging, presentation and value of employer-provided benefits. 
Editor's choice
Employer Retirement Plans Help Millennials with Savings Goals
More than three in four Millennial workers with access to an employer-sponsored retirement plan make consistent contributions from their paycheck to the retirement plan or to a savings account, compared with 43% of those without access to an employer-sponsored plan.  Read more >
Millennials' Other Financial Goals Compete with Retirement Savings
Generally speaking, Millennials tend to invest for a variety of reasons. The No. 1 reason Millennials invest is to have an emergency/rainy day fund. But, when asked how long their current emergency fund would last if they lost their job, most Millennials would be ill-prepared. Read more >
The Auto-Savings Generation
Millennials saving for retirement are bucking reports of savings insufficiency and equity aversion, according to a white paper published by Vanguard researchers. Read more >
Bankrate Measures Big Jump in Millennials' Savings
Millennials are saving more money than any other age group, with 62% stating they are saving more than 5% of their incomes, according to a Bankrate.com survey. Read more >
Northwestern Mutual Debunks Millennials’ Money Misconceptions
Financial literacy can be an intimidating topic for anyone, let alone for individuals who are just starting out in life, like Millennials,” says Emily Holbrook, young personal market director for Northwestern Mutual. Read more >
MOST POPULAR STORIES
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

Practice Management: Areas of Success

A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.

Missing Participant Guidance Released by DOL

The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.

Vail Resorts Wins Dismissal of ERISA Fiduciary Breach Lawsuit

The Vail Corp. has skied past a fiduciary breach lawsuit, which was dismissed with prejudice in a detailed ruling.

401(k) Plan Administrator Sues VALIC Over Surrender Fees Charged to Plan

The insurer is charged with engaging in a prohibited transaction under ERISA when the fees were charged during a move to a new provider, as well as with self-dealing.

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