News You Can Use: Employers move away from company stock

In a new research paper, the Bureau of Labor Statistics finds the amount of 401(k) assets employee-investors have in company stock is dwindling and has been steadily for the past two decades.

According to BLS, the "steady increase in the percent of participants who have investment choices for both employee and employer funds, and the steady decrease in the percent who may choose employer stock as one of those options, reflect both changes in law and regulation, concerns based on high-profile plans, and an increase in investment education among employers and employees."

Tip of the Day

Amid the rubble that once was Wall Street, and in the face of possibly still more financial giant collapses, EBN is taking the opportunity to remind employers to educate employees about the importance of diversifying their retirement investments and against putting all of their retirement eggs in one company-stock basket.