Defined benefit plans are an important element of your employee value proposition, yet are time consuming to manage, data intensive, and complex. We have deep expertise in plan administration and can help you maximize your defined benefit plan.

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225+

Companies in the U.S. use our DB administrative services¹

1.8 million+

Number of plan participants we touch in the U.S. with defined benefit administrative outsourcing.

World's best

Provider Of Pension Plan Administration Services — Named 5th Year in Row in 2017 by Global Finance Magazine

Benefits to your organization and employees

We understand the defined benefit (DB) marketplace — we’ve been in it for more than 80 years. We know the value a great plan can and should provide to your organization. When run efficiently and designed to enhance financial outcomes, a DB plan can help you keep and attract a talented workforce. The problem? DB plans can be exceptionally complex to administer, prone to errors and compliance omissions, and face participant service delivery issues. If your HR staff is administering the plan in-house, the administrative and transactional responsibilities alone can be intense — regardless of whether the plan is open and accruing, closed or frozen. By working with us as your administrative partner, we can help you alleviate resource constraints, administer plan complexities, and manage compliance risks.

A range of administrative service options

Our services range from co-sourced to fully outsourced — and temporary assistance during times of critical business or staff change. Each solution includes a careful review and assessment as well as the project management expertise to work through the options and issues. We offer tailored solutions for both the mid and large markets.

Reducing your administrative burden

We work with employers to deliver superior administration services and offer a unique blend of expertise, flexibility, and proactivity. Our solutions alleviate the administrative burden, help meet regulatory and legislative requirements, and empower employees to live, work, and retire well. Our services include:

Calculation services

These services include completing estimated and final pension calculations such as individual benefit election packets.

Co-sourcing

As a client, you can use our plan sponsor self-service system to administer calculation processes and paperwork with support from Mercer pension experts.

Administrative consulting

Consulting services include supporting your organization through various change events, such as amendments, acquisitions and divestitures, spin-offs and mergers, legislative changes or major systems changes, and meeting your needs on an as-needed or recurring basis.

Risk-mitigation

This includes assessing retiree annuity, purchase-terminated vested cash-out o ffers and plan termination.

Full outsourcing

Full pension plan outsourcing includes a dedicated participant call center/web portal, calculations, trust authorization, data maintenance, online retirement capability, retiree maintenance, and educational content to allow your team to focus on other more strategic functions.

Why choose Mercer to administer your DB plan?

By outsourcing all or part of your DB plan administration, your HR resources have more time to focus on the strategic issues of your organization. We help you:

Achieve your long-term plan goals
Deliver exceptional service and professionalism to your plan participants
Quickly and efficiently implement risk-mitigation projects
Provide plan participants with the technology for online benefits modeling, including optional forms of payment and access to plan information
Address one-time or ad hoc projects, such as data cleanup, large calculation projects, plan changes, and early retirement programs

Defined benefit insights

Stay informed with the latest thinking on DB plan administration, research, insights and more.

Brochure

Defined benefit

Mercer Defined Benefit Administration: Facilitating Effective Administration of Your DB Plan

Covers this comprehensive delegated investment strategy — with the key goal to optimize the balance sheet.

Brochure

Defined benefit

Data Deep Dive: Is Your Data Ready?

Talks about the importance of data and risks of taking action with accurate data.

Article

Pension risk management

Adventures in Pension Risk Management — Mercer CFO 2017 Surv

Our 2017 survey includes responses from over 175 senior finance executives in the U.S. with defined benefit plans that have $100 million in assets or more.

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_{¹ Information above is as of August 2018.}

administration

Benefits to your organization and employees

A range of administrative service options

Why choose Mercer to administer your DB plan?

Defined benefit insights

Stay informed with the latest thinking on DB plan administration, research, insights and more.

Mercer Defined Benefit Administration: Facilitating Effective Administration of Your DB Plan

Data Deep Dive: Is Your Data Ready?

Adventures in Pension Risk Management — Mercer CFO 2017 Surv

Mercer United States

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