Mercer's US Outsourcing business has rolled out Financial Engines' Income+ to its defined contribution plan client base. The retirement income solution— specifically designed for 401(k) plans—has been adopted by Freeman, Kinder Morgan and Milacron, and six more Mercer sponsors plan to launch it for their more than 50,000 401(k) participants, as well.

"Our clients look to us to help them engage and empower their employees to live, work and retire well," says Dave Tolve, retirement business leader for Mercer's US Outsourcing business. "Income+ is an innovative retirement income solution that can help participants prepare for and retire with confidence, and that translates into a more engaged workforce for our clients. Later this year, we are also enhancing our website by seamlessly integrating Financial Engines retirement forecasts into our online experience, further driving participant retirement readiness."   

Income+ is a feature of Financial Engines' managed account program introduced in January 2011, which is designed to balance safety and growth in the years leading up to retirement. It provides steady monthly payouts from a 401(k) account, with the optional purchase of an out-of-plan annuity.