Offering Employees Two Great Plans In One
The MERS Hybrid Plan combines the stability of a lifetime benefit from employers with the flexibility of an invested account participants manage. By combining the best of both worlds — the stability and security of a defined benefit plan and the flexibility and investment choice of a defined contribution plan — the MERS Hybrid Plan offers the rewards of both plans to participants, while maintaining predictable costs for employers.
Features & Benefits:
- Offers stability of a traditional defined benefit plan
- Hybrid Plan Part II is portable
- Hybrid Plan Part II offers investment choice of a defined contribution plan
- Gives employees a wide variety of retirement tools