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Contact:
Bruce Lee
Tel:
+1
212
345 0553
US
New York,
9 September 2009
Hit by an array of legislative, economic and fiduciary issues, sponsors of defined benefit (DB) pension plans frequently need help – either ongoing or on a one-time basis – with a range of plan management and administration requirements. Mercer, a leading global provider of consulting, outsourcing and investments, announced today that it has expanded its US retirement offerings via the formation of a new business unit, “Administrative Consulting”, as a way to best meet the needs of pension plan sponsors.
“The expansion of Mercer’s retirement business comes to the marketplace during a time of unprecedented economic challenges and growing legislative complexity for defined benefit plans, their sponsors and fiduciaries,” explained Don Bartolai, principal. “Linking strategic decisions and administration of plans has become even more critical in today’s business environment. We feel we bring the right mix of trusted advice, actuarial experience and project management know-how to the marketplace. Whether providing temporary assistance for short-term projects, supplementing internal staff or providing long-term solutions, we welcome the opportunity to demonstrate how we can enhance the success of a pension plan.”
Mercer’s administrative consulting unit complements its full suite of administrative and outsourcing solutions, which today serve nearly 200 clients covering more than 2.5 million participants.
Target clients are plan sponsors who maintain active or frozen pension plans and require assistance responding to legislative changes or corporate driven initiatives including plan redesign, mergers, acquisitions and divestitures. Key services include business case analysis and solutions for potential plan changes, measuring administrative impact (provisions, documents, systems, communications, etc.), audit support, provider transition management, and supplemental staffing to support individual client needs. Mercer’s team includes professionals with experience in all facets of pension plan management including legal and regulatory compliance, consulting, technology, administration and project management.
In addition, Mercer can provide solutions for special one-time or recurring projects such as backlogged benefit calculations – including frozen plan and frozen benefit situations, temporary call center support, plan termination services, pension data clean-up and the design and production of annual benefit statements that are compliant with the Pension Protection Act.
More information on Mercer’s new administrative consulting business offering is available by calling 1–847-317-7539.
Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer’s investment services include investment consulting and multi-manager investment management. Mercer’s 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges. |
Press office contact |
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Bruce Lee
|
+1 212 345 0553
E-mail press team|
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