Offering Employees Simpler, Streamlined Investing
The road to retirement is paved with preparation, and the MERS Defined Contribution Plan helps employees do just that — by taking an active role in planning for the future.
MERS Defined Contribution Plan provides each participant with an account to which contributions are made and assets are invested. When an employee retires, their benefits are based on the total amount of money in the account. As a qualified plan, participants are not taxed on employer contributions or earnings until assets are withdrawn.
Features & Benefits:
- Employees understand the account balance concept
- No investment risk to the employer
- Constant contribution level is easy to budget for
- No unfunded accrued liability