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
Education About Tax Treatment and Fees Could Boost 401(k) Participation

Findings from a Capital One survey about why employees do not participate in their employer-sponsored retirement plan offers opportunities for education, according to Stuart Robertson.

Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit

In addition to self-dealing allegations, the complaint calls out Fidelity for not negotiating revenue sharing refunds for its 401(k) plan participants and not considering stable value options for its plan investment lineup, among other things.

Open MEPs Could Create Many Opportunities for Advisers
Should Congress or federal regulators eliminate the common nexus and bad apple rules that have held back open multiple employer plans, experts anticipate many more small businesses will jump in.
AARP Launches Social Security Resource Center

The new website is designed to be a one-stop place for investors and retirees to have their Social Security retirement questions answered, including when to claim.

IRS to Focus on Retirement Plan Distributions and 403(b) Plan Rules in 2019

A Program Letter lists compliance strategies for the agency for next year.

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

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

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