PLANSPONSOR Weekend Newsdash
Week ending November 30th, 2018
Happy Friday, PLANSPONSOR readers! This week’s edition will focus on investing. A recent Charles Schwab study found just 8.5% of Millennials are utilizing advisers for their self-directed brokerage accounts, while an Investment Company Institute (ICI) report says the demographic group is the most likely to own mutual funds solely through employer-sponsored retirement plans. Additionally, Schwab Stock Plan Services explores why an abundance of employer stock can be damaging; a study reveals how despite de-risking concerns, global equity continues to be significant in the institutional investing realm; and a survey discloses the increasing concern market volatility has on American workers. All this and more on this edition of PLANSPONSOR Weekend.
Editor's choice
Investing
Self-Directed Millennials Less Likely To Use Advisers
Among participants using an adviser on their self-directed brokerage account in Q3, 45% were Baby Boomers, similar to Gen X; just 8.5% were Millennials, according to Charles Schwab.Read more >
Investing
Retirement Plans a Big Source of Mutual Fund Investing for Millennials
By comparison, the majority of mutual fund investing for Baby Boomers is outside of an employer-sponsored retirement plan, Investment Company Institute data shows.Read more >
Investing
Too Much Employer Stock Could Be a Bad Thing
According to a nationwide survey from Schwab Stock Plan Services, equity compensation accounts on average for nearly 30% of employees’ net worth, and almost three-quarters of employees surveyed also own company stock outside of their equity compensation plan.Read more >
Investing
Despite De-risking Concerns, Global Equity Remains Important to Retirement Plans
Fifty-five percent of U.S. investors have their global equity allocation in active, alpha-seeking strategies, and the planned allocation to these strategies in three years is 61%, research found.Read more >
Investing
Half of Americans Think Market Volatility Has Increased
And a majority, 65%, say it is tougher now to get ahead financially than it was before the financial crisis, Natixis found in a survey.Read more >
MOST POPULAR STORIES
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
Getting Ready to Include Part-Time Employees in Retirement Plans
401(k) plan sponsors need to understand all the parts of the new requirement and, for some, the long-term effects on plan administration.
Roth is Not Just a Young Man’s Game

Erica K. Johnson, BOK Financial, discusses why Roth retirement plan contributions may be beneficial to a wider group of employees than previously thought.

Remembering the Basics of Fiduciary Duties
What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to others.
SECURE Act Demands Updates to Rollover Notices

For example, language should be inserted to reflect that the age for taking required minimum distributions (RMDs) has been increased to 72.

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

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