PLANSPONSOR 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
Why Are Retirees Spending Down So Slowly?

EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers and sponsors.

Home Depot 401(k) Plan Latest Targeted with ERISA Fiduciary Breach Lawsuit

Plaintiffs include in their complaint a substantial amount of backward-looking fund performance data to underpin their failure to monitor claims, comparing the Home Depot offerings to others that could have been purchased.

Paychex Revamps Advisor Console

With a focus on accessibility and ease of use, Advisor Console’s new features and functionality allow financial professionals to be more efficient when serving their clients’ plans and investments.  

Determining Health Cost Needs in Retirement Is Complex

Although some retirees face catastrophic health care cost in retirement, EBRI found that most don't.

Don’t Run Out of Money, Have a Retirement Income Plan
In a guest article written for PLANADVISER, Thomas Dodd, executive director of Pavilion Advisory Group Inc., compares and contrasts common retirement income strategies—including the pros and cons of each method, as viewed from the perspective of participants.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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