Mercer said the estimated funded status of pension plans sponsored by S&P 1500 companies fell 1 percentage point in June to 109% following US equity declines. Mercer estimates the aggregate surplus fell $7.0 bln to $139.0 bln at end-June from $146.0 bln at end-May. Mercer partner Matt McDaniel said strong May nonfarm payrolls increased market bets on Fed hikes later this year, weighing on equities in early June.

2026-07-15

Mercer said the estimated funded status of pension plans sponsored by S&P 1500 companies fell 1 percentage point in June to 109% following US equity declines. Mercer estimates the aggregate surplus fell $7.0 bln to $139.0 bln at end-June from $146.0 bln at end-May. Mercer partner Matt McDaniel said strong May nonfarm payrolls increased market bets on Fed hikes later this year, weighing on equities in early June.