A Mercer news release said the new unit, Administrative Consulting, will help with plan redesign, mergers, acquisitions, and divestitures. Services offered include business case analysis and solutions for potential plan changes, measuring administrative impact (provisions, documents, systems, communications, etc.), audit support, provider transition management, and supplemental staffing to support individual client needs.
Mercer said its team includes professionals with experience in all facets of pension plan management, including legal and regulatory compliance, consulting, technology, administration, and project management.
In addition, Mercer can provide solutions for special one-time or recurring projects such as backlogged benefit calculations – including frozen plan and frozen benefit situations, temporary call center support, plan termination services, pension data clean-up, and the design and production of annual benefit statements that are compliant with the Pension Protection Act.
“The expansion of Mercer’s retirement business comes to the marketplace during a time of unprecedented economic challenges and growing legislative complexity for defined benefit plans, their sponsors and fiduciaries,” said Don Bartolai, principal, in the news release. “Linking strategic decisions and administration of plans has become even more critical in today’s business environment.”
More information about Mercer is at http://www.mercer.com/ .
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