MERS is the sole fiduciary
for our retirement plans.
As the sole fiduciary for our retirement plans, MERS takes on the liability for selecting the investment options, monitoring fund performance, and ensuring fees are reasonable.
Not all retirement plans
are created equal.
Some providers will be co-fiduciaries for your plan. But as co-fiduciaries, plan providers and employers share fiduciary responsibility—shared responsibility means shared liability!
MERS is more than a third-party vendor.
Fiduciary Responsibility Guide (pdf)
Selecting a Retirement
Benefit Service Provider:
Best Practice Checklist for
Local Governments (pdf)
As the fiduciary, we provide our members with:
In-house legal staff to ensure compliance with state and federal laws and monitor our qualified tax status.
Comprehensive benefit administration, including plan governance and reporting.
Expert fund selection, performance monitoring and investment menu design.
Low Plan Costs
Economies of scale to keep plan costs as low as possible and more money in your employees' accounts.
Free education and resources to help your employees plan for a financially secure retirement.
Want to learn more about how MERS' fiduciary
role protects you and your employees?
Click here to contact your MERS Regional Manager.