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
The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
Driving Financial Wellness at Work
Wes Collins, senior manager of participant advice services at CAPTRUST, discusses financial wellness areas of focus, broken out by career stage.
Pension Participants Claim ERISA Breaches in Dow DuPont Pension Transfer

In a new ERISA lawsuit seeking class action status, the plaintiffs claim their pension assets were disloyally and imprudently transferred during a complex series of corporate spinoffs and mergers.

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

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

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