Norwood, MA, 5 August 2010
Mercer, a global leader in benefits administration outsourcing, announced today that it finished the first six months of 2010 with a significant number of new client wins, adding 10 organizations across a broad spectrum of its benefits administration outsourcing services (see Figure 1). Examples of Mercer’s new outsourcing client wins include such leading brands as CBS Corporation for Health and Benefits administration, and Primerica and Global Equity Capital, LLC for Defined Contribution administration. This total represents the addition of nearly 190,000 participants.
Figure 1 – First six months, 2010 - New client wins for
Mercer’s Outsourcing business by service
|
Type of Service
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New Clients – as of 6/30/2010
|
|
Defined Contribution
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3
|
|
Health and Benefits
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5
|
|
Total Benefits/Total Retirement Outsourcing*
|
2
|
“I am pleased to welcome all of these organizations and their employees to our world-class benefits administration platform,” said Jeff Miller, President & Group Executive of Mercer’s Outsourcing business. “Our 2010 focus on ‘the integrated employee experience’ and investment in technology is clearly resonating in the marketplace. We feel the second half of 2010 will be strong as well, particularly as more employers look to outsource benefits administration in light of a number of regulatory and legislative complexities and compliance risks that are either in place or soon to be enacted.”
In analyzing the distribution of services across the client wins, Mr. Miller added, “The five new Health and Benefits administration clients are close to double the number we achieved at this point last year. We feel this momentum reflects our renewed strategic emphasis and expanded product offering in H&B administration. In addition to our own efforts, the recently enacted US health care reform has undoubtedly focused plan sponsors as never before on the many advantages of outsourcing health benefits administration to a leading provider such as Mercer
About Mercer
Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefits outsourcing. Mercer’s investment services include investment consulting and multi-manager investment management. Mercer’s 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges. For more information, visit www.mercer.com.
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