Mercer Launches a New Online Retirement Savings Educational Program - ``Count on...
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Mercer Launches a New Online Retirement Savings Educational Program - ``Count on Your Retirement''
Retirement planning program developed in response to Mercer survey
results showing people find it increasingly difficult to build
retirement nest egg
"Count on your Retirement" shows retirement savings can be as easy
as "1, 2, 3"
NORWOOD, Mass.--(Business Wire)--
Mercer, a leading global provider of benefits administration,
announced today that it has recently introduced the "Count on your
retirement" online retirement savings educational program to employees
whose 401(k) plans it administers. By using a simple, numbers-based
concept, "Count on your retirement" helps individuals realize that
retirement planning can be as easy as 1, 2, 3. In addition, Mercer has
made this program - which incorporates simple, easy-to-use retirement
calculators - available to the general public at
www.CountOnYourRetirement.com.
"For even the savviest investor, saving for retirement can be
daunting, particularly in light of the current housing and stock
market turmoil. That's why we want to share a selection of simple
retirement savings suggestions that can make a big difference,"
explained Suzanne Nolan, Director of Marketing and Communications for
Mercer's outsourcing business. "We've taken what we've learned from
the Mercer Workplace Survey(TM) and have applied our expertise to
create the 'Count on your retirement' program. The result is an online
experience that truly compels people to take action - whether they
increase their 401(k) plan contribution rates, run retirement planning
calculations, or simply rebalance their portfolios."
"Count on your retirement" enables users to customize their
experience by selecting a savings effort level: 1 - Effortless, 2 -
Easy, or 3 - Still really simple. Then, based on their selection,
users can explore a variety of savings tips, use retirement planning
calculators, and learn about automatic 401(k) plan features - such as
contribution rate increase and rebalancing tools - that may be
available to them.
This simple approach helps Mercer and its clients positively
address key retirement savings related findings from the 2007 Mercer
Workplace Survey such as:
-- For the first time in the survey's history, "just keeping up
with my monthly expenses" has surpassed "saving enough for
retirement" as respondents' biggest financial worry.
-- 69% of respondents who have identified their target retirement
savings income are not fully confident that they will achieve
their goal.
-- 48% would have saved more of their pay in their 401(k) plan if
they could live the last year of their savings and investment
life over again.
"Explaining sometimes complex retirement planning strategies in
plain English helps build knowledge and, by extension, the confidence
to take action," noted Ms. Nolan. "As an organization, Mercer is
dedicated to promoting the idea that saving for retirement is both
necessary and within reach. This is why we are pleased to make 'Count
on your retirement' available to our clients and the public at large."
About the Mercer Workplace Survey
The Mercer Workplace Survey is a national study of employee
attitudes and behaviors regarding their company-sponsored benefit
plans, conducted annually since 2003 by Mercer. The 2007 findings are
based on a national cross-section of 2,246 active 401(k) plan
participants who are also currently enrolled in their employer's
health plan. Online interviews were conducted in June and July 2007.
About Mercer
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 17,000
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. For more information, visit www.mercer.com.
Securities are offered through Mercer Securities, a division of
MMC Securities Corp., a U.S. registered broker-dealer and member
FINRA/SIPC.
Mercer HR Services and Mercer Securities, a division of MMC
Securities Corp., are affiliates of and owned by Marsh & McLennan
Companies.
Mercer
Bruce Lee, 212-345-0553
bruce.lee@mercer.com
Copyright Business Wire 2008
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