Norwood, MA – May 14, 2012
Mercer, a leading global provider of benefits administration, announced today that it has launched “My Retirement Workshop
,” an online retirement planning and education campaign for employees whose 401(k) plans it administers. Thematically styled after today’s many popular home improvement programs, the innovative website provides interactive tools and hands-on instruction to help investors “fix up” their retirement plans.
My Retirement Workshop addresses key findings from the 2011 Mercer Workplace Survey™,
which revealed that employees are feeling more personally accountable for their own retirement. In fact, despite having a broadly negative economic outlook, more employees than in past years reported stepping up their retirement planning activity, including increasing their 401(k) contributions and reallocating their portfolios.
“Typically, we’ve found that a pessimistic economic outlook among 401(k) participants leads them to ignore and often retreat from retirement planning,” said Dave Tolve, Retirement Business Leader for Mercer’s US Outsourcing business. “With our most recent survey results, however, we saw the opposite – employees seemed to be more motivated to make positive changes and take on more personal responsibility for their future financial security. My Retirement Workshop was designed to respond to this shift in attitude with helpful, action-oriented content that will give participants the tools to continuously improve their chances of a successful retirement.”
My Retirement Workshop consists of four main features: a brief self-assessment tool that provides personalized feedback and a recommended action plan; a selection of hands-on projects that address common retirement planning challenges; a toolbox of helpful calculators, worksheets and widgets; and an opportunity to “learn from the pros” by watching videos, listening to podcasts and/or reading articles. Visitors to the site can also interact with peers through discussion boards, quick polls and share the site through various social media websites. The My Retirement Workshop online education campaign was launched in early May and will be a year-long campaign, with new content and features to be introduced in the fall.
Participants can access My Retirement Workshop through their plan’s website. A public version of the site is also available at www.myretirementworkshop.com
, where mobile device users also can access a mobile-optimized variation of the site for easy viewing.
Mercer’s US Outsourcing business administers the defined contribution retirement programs for 1.3 million participants.
Mercer is a global leader in human resource consulting and related services. The firm works with clients to solve their most complex human capital issues by designing and helping manage health, retirement and other benefits. Mercer’s 20,000 employees are based in more than 40 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 52,000 employees worldwide and annual revenue exceeding $10 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com.
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