Value-Based Reports
Mercer uses a ‘telescopic’ approach to valuing benefit plans – starting at a high level comparison of your plans against a peer group, moving to more in depth analysis of your total remuneration package. Each report provides information on Health and Group, Time Loss, and Retirement/Savings benefits plans providing an opportunity to:
- Assess the competitiveness of your benefits package
- Estimate the amount of pre-tax pay an employee would need to replace the employer-provided benefit
- Target potential plan changes
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Report |
Description |
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Benefits Plan Valuation Comparison (BPVC) |
A hybrid of report values and prevalence data showing plan designs in multiple quartiles; including graphical representation and executive summary |
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Market Comparison (MC) |
Compares values to the market median by plan type for the workforce as a whole and 11 benchmark employees by ranges |
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Benefits Valuation Analysis (BVA) |
Shows positioning of plan benefits along with descriptions of plan provisions for custom or industry peer groups via quartiles |
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Total Remuneration Index (TRI) |
Expands on the Benefits Valuation Analysis by also valuing compensation and benefit programs |
Benefit Plans
- Retirement/Savings: Defined benefit, defined contribution, and stock purchase plans.
- Health/Group: Medical, dental, life insurance, flexible spending accounts, and post-retirement medical plans.
- Time Loss: Vacation, holiday, personal leave, PTO banks, sick leave, and short- and long-term disability plans.
- Nontraditional Benefits: Educational assistance and long-term care.
