Sponsors of defined contribution plans are being advised tooffer more than just a retirement plan, according to consultingfirm Mercer.

This is in the wake of a study that indicates DC plans justaren't adequate to meet employees' broader financial needs,especially in an “evolving, volatile market.”

The survey, Inside Employees' Minds, indicated thatyounger employees are more concernedwith current financial challenges and making ends meet rather thansaving for retirement.

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