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 EON) April 17, 2008 --
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 SurveyTM 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.
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