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
Many Retirees Spending More Than They Expected

However, retirees spend 32% less than non-retirees.

First Deadline Looming for SEC Electronic Disclosure Compliance

When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January, during which "funds that choose to implement the new delivery method for shareholder reports provide prominent disclosures in prospectuses and certain other shareholder documents that will notify investors of the upcoming change in transmission format.”

Progressive Plan Design Features Have Moved Down-Market
These are streamlining plan administration, increasing investment diversification and improving participant outcomes.
MetLife Pension Calculations Questioned in ERISA Complaint

The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent default benefit, as required under ERISA.

Employee Knowledge Levels Indicate Need for Financial Wellness Education

Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported.

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

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

Subscribe to Adviserdash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Global Custodian / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund / The Trade