Norwood, Mass., February 21, 2006
Mercer HR Services, the outsourcing business of Mercer Human Resource Consulting, posted a strong finish in 2005, signing 36 new clients during the year, 21 in the last six months alone. New clients include MGM Grand, Chevron Phillips Chemical, E.ON U.S. LLC (formerly LG&E Energy LLC), CONSOL Energy Inc., and Arkema Inc., a major global chemical company.
Overall, Mercer HR Services saw growth across all lines of business, including health and benefits administration, absence management, retirement, and business process outsourcing.
With the introduction of Mercer Retirement SolutionsTM came an expanded opportunity for Mercer HR Services, especially as demand for bundled retirement services continues to rise. Among the clients utilizing Mercer Retirement Solutions is E.ON U.S. LLC, which needed a bundled solution to streamline the operation of both defined benefit and defined contribution plans.
"Mercer HR Services is helping us realize our goals of streamlined retirement plan administration and greater investment management oversight," said Ken Mudd, Director of Corporate Human Resources at E.ON U.S. LLC. "In addition to allowing for more efficient management of retirement plan costs and delivery, we think this relationship will provide a better experience for our 3,500 employees and retirees as well."
Across all lines of business, Mercer HR Services expects continued growth throughout 2006. According to Jeff Miller, President of Mercer HR Services, "The strong momentum we created in 2005 reflects our success in implementing innovative strategies to help solve our clients' toughest HR challenges." Mr. Miller adds, "In 2006 our focus will be on delivering new products and services that will help our clients effectively administer benefits for their employees."
Mercer HR Services employs 4,100 professionals in major international service centers located in Melbourne, Australia; Toronto, Canada; Dublin, Ireland; and London, England. In addition, 1,600 professionals work in four major US service centers located in Norwood, Mass.; Dallas and Houston, Tex.; and Deerfield, Ill. Mercer HR Services offers the most flexible and comprehensive HR services platform available and provides complete outsourcing solutions for retirement plan administration and program management, health and benefits administration, absence management, and business process outsourcing for HR services.
Mercer Human Resource Consulting is a global leader for HR and related financial advice and services, with more than 15,000 employees serving clients in over 190 cities and 41 countries and territories worldwide. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago, Pacific, and London stock exchanges. For more information, visit mercerHR.com.
Stephanie L. Poe
Principal, Americas Public Relations
Mercer Human Resource Consulting
1255 23rd St. NW, Suite 500
Washington, DC 20037
phone: +1 202 331 5210
mobile : +1 202 669 8863
#stephanie.poe[at]mercer.com
www.mercerHR.com