Providers
Mercer3
DB CLIENT OVERVIEW | |
---|---|
Total DB admin clients1 | 195 |
Full outsourcing | 42% |
DB and DC clients | 0% |
DB PLAN OVERVIEW | |
---|---|
Total DB plans | 182 |
Frozen plans | 65% |
Cash balance plans | 20% |
With <100 participants | 19% |
With >5,000 participants | 8% |
DB PARTICIPANT OVERVIEW | |
---|---|
Total Participants | 292,789 |
Private/Corporate2 | 97% |
Public/Government | 2% |
Retired participants | 44% |
All interactions on web | 25% |
SPONSOR SERVICES OFFERED | |
---|---|
Plan accounting / Master trust | E |
Trust and custody services | E |
Actuarial services | I |
Investment management | I |
Liability-driven investing | I |
Investment consulting | I |
PARTICIPANT ONLINE SERVICES | |
---|---|
Online initiation | Yes |
Online elections | No |
E-form processing | No |
Online inquiry status | No |
I = Internal; E = External; P = Partnership; = Supports service as of publication date; NR = Not Reported in time for publication |
Footnote: |
1Includes both full outsourcing and partial outsourcing/co-sourcing arrangements; excludes investment-only, actuary-only and plan-consulting-only clients. 2 Includes both single-employer and multi-employer/Taft-Hartley plans. 3 In 2019, Mercer leadership made the strategic decision to move away from stand-alone large-market administration in the U.S. and chose Morneau Shepell as “the best alternative for our clients and people.” Mercer retained 82 DB outsourced administration clients in its mid-market Mercer Retirement Administration solution (for plans with 10,000 or fewer employees) and co-sourcing administration clients of any size. |