Mercer Launches Online Educational Retirement Savings Program

<strong>Norwood, Mass. </strong><br />Mercer, a global provider of benefits administration, announced it has recently introduced the &ldquo;Count on your retirement&rdquo; online retirement savings educational program to employees whose 401(k) plans it administers. <br /><br />By using a simple, numbers-based concept, &ldquo;Count on your retirement&rdquo; helps individuals realize 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 online. <br /><br />&ldquo;For even the savviest investor, saving for retirement can be daunting, particularly in light of the current housing and stock market turmoil. That&rsquo;s why we want to share a selection of simple retirement savings suggestions that can make a big difference,&rdquo; explained Suzanne Nolan, director of marketing and communications for Mercer&rsquo;s outsourcing business. &ldquo;We&rsquo;ve taken what we&rsquo;ve learned from the Mercer Workplace Survey and have applied our expertise to create the &lsquo;Count on your retirement&rsquo; 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.&rdquo; <br /><br />&ldquo;Count on your retirement&rdquo; 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. <br /><br />This simple approach helps Mercer and its clients positively address key retirement savings related findings from the 2007 Mercer Workplace Survey such as: <br /><br />&bull; For the first time in the survey&rsquo;s history, &ldquo;just keeping up with my monthly expenses&rdquo; has surpassed &ldquo;saving enough for retirement&rdquo; as respondents&rsquo; biggest financial worry. <br />&bull; Sixty-nine percent of respondents who have identified their target retirement savings income are not fully confident they will achieve their goals. <br />&bull; Forty-eight percent 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.<br /><br />&ldquo;Explaining sometimes complex retirement planning strategies in plain English helps build knowledge and, by extension, the confidence to take action,&rdquo; noted Nolan. &ldquo;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 &lsquo;Count on your retirement&rsquo; available to our clients and the public at large.&rdquo; <br />

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