Marsh & McLennan Companies Inc. $(MMC)$, through its Mercer business, has released findings from its inaugural annual survey, "Voice of the Plan Sponsor: 2025 Defined Contribution $(DC)$ Practices." The analysis highlights that US DC plan sponsors are increasingly prioritizing financial wellness for participants, AI integration, and cost efficiency. Top concerns include balancing financial wellness (39%), regulatory compliance (37%), and cost reduction (36%). The report notes a trend toward innovative plan designs and investment solutions such as pooled employer plans (PEPs) and the use of artificial intelligence strategies. Cost management remains a key focus, with 70% of employers surveyed taking or planning steps to lower plan costs, often by adjusting plan features. Additionally, 84% of plan sponsors now use external consultants or advisors for fiduciary responsibilities, with many benefiting from lower investment management fees and reduced fiduciary liability insurance premiums by delegating functions to Outsourced Chief Investment Officers (OCIOs). Despite expectations of increased plan budgets, the survey underscores employers' efforts to address cost pressures, regulatory demands, and participant expectations amid growing regulatory scrutiny.