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Case Study: Simplifying Benefits Administration with Total Benefits Outsourcing
Sponsored By Mercer
- Topics:
- Employee Benefits & Human Capital > 401(k) , Defined Benefit
- Finance & Risk Management > Outsourcing
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- Abstract:
- Like many employers, a leading energy provider in the US Midwest was struggling with increasing challenges and costs of managing employee benefits. With the average tenure of its employees between 15 and 20 years, retirement planning was top of mind for employees and management alike. Consistent with the overall aging of the global workforce, the number of participants in this company's defined benefit (DB), defined contribution (DC) and retiree health plans would surely be increasing -- with no signs of abating -- and with it the associated administrative and cost burdens. Mercer had already been a trusted partner, providing consulting advice across multiple benefits programs. With the challenges ahead, we suggested that management explore the advantages of total benefit outsourcing (TBO).
- DETAILS
- Sponsored by: Mercer
- Posted: December 20, 2007
- Length: 2 pages
- Format: PDF (81 kb)
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