Modernizing Public Retirement Plan Governance

MERCplan develops consortium governance models that simplify oversight of public-sector 403(b) and 457(b) retirement plans.

Explore Consortiums

Learn About Governance

Modernizing Public Retirement Plan Governance

MERCplan develops consortium governance models that simplify oversight of public-sector 403(b) and 457(b) retirement plans.

Explore Consortiums

Learn About Governance

Why Governance Matters

Many public-sector retirement plans evolved over time into complex structures with multiple vendors, inconsistent oversight, and limited fee transparency. MERCplan was created to support simpler, more coordinated governance models.

A Consortium Approach

Consortium models allow public entities to share governance structures while improving oversight, transparency, and administrative efficiency. This approach is designed to help plan sponsors evaluate retirement plans more clearly and manage them more effectively.

Current Consortium Initiatives

Illinois Education Retirement Consortium (IERC)

For school districts and educational employers evaluating governance structures for 403(b) and 457(b) retirement plans.

EXPLORE IERC

Illinois Township Retirement Consortium (ITRC)

Illinois Education Retirement Consortium (IERC)

For townships and local government entities evaluating governance structures for 457(b) retirement plans.

EXPLORE ITRC

Modernizing Public Retirement Plan Governance

Modernizing Public Retirement Plan Governance

Why Governance Matters

A Consortium Approach

Current Consortium Initiatives

Illinois Education Retirement Consortium (IERC)

Illinois Education Retirement Consortium (IERC)

Illinois Education Retirement Consortium (IERC)

Illinois Township Retirement Consortium (ITRC)

Illinois Education Retirement Consortium (IERC)

Illinois Education Retirement Consortium (IERC)

Learn More

Learn How the Consortium Model Works

Our Partners

Stronger together through shared retirement plan governance.

Modernizing Public Retirement Plan Governance

Modernizing Public Retirement Plan Governance

Why Governance Matters

A Consortium Approach

Current Consortium Initiatives

Illinois Education Retirement Consortium (IERC)

Illinois Education Retirement Consortium (IERC)

Illinois Education Retirement Consortium (IERC)

Illinois Township Retirement Consortium (ITRC)

Illinois Education Retirement Consortium (IERC)

Illinois Education Retirement Consortium (IERC)

Learn More

Learn How the Consortium Model Works

Our Partners

Stronger together through shared retirement plan governance.

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