401(k)/403(b) plan services


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Milliman reorders the complicated maze of defined contribution administration into a simple, seamless process. We combine decades of employee benefits experience, the highest professional standards for client service, and customizable software developed specifically for retirement plans to create an integrated, streamlined service.

For employers, this means:

  • Accurate recordkeeping and greater efficiency, with complete transparency and fee disclosure
  • Thorough, simplified compliance
  • Customized services to meet the specific needs of your business
  • Consulting expertise to facilitate plan adjustments in a shifting regulatory environment
  • The freedom of a completely open investment platform, plus the flexibility to accommodate nontraditional assets and custom target date funds

For plan participants, this means:

  • 24/7 online access to account information and transactions
  • Local, knowledgeable call center representatives
  • Retirement planning education meetings, newsletters, calculators, and interactive web features
  • Personalized investment advice through Morningstar® Retirement Manager
  • Targeted messages encouraging retirement readiness, with specific recommendations to make the most of the defined contribution plan

Milliman: A different kind of provider

We approach our clients from the perspective of an independent consultant, without the corporate agenda of an insurance company, a mutual fund company, or a bank. We do not make hidden profits off of the assets, and we are not trying to establish retail relationships with your participants. We are a top-tier provider of defined contribution retirement plan services, offering the best possible consulting and advice with absolutely no conflict of interest. We maintain complete independence from mutual fund companies and investment managers, allowing us to act solely on behalf of our clients and their employees. With Milliman, plan sponsors receive better diagnoses of issues, broader alternatives to consider, and more comprehensive results; participants know exactly where they are with regard to retirement readiness and what they need to do to achieve success.

Service highlights

At Milliman, we serve the full spectrum of public, private, not-for-profit, and Taft-Hartley clients across a broad range of industries. We offer recordkeeping, administration, and consulting for all types of defined contribution retirement plans, including 401(k), 403(b), 457, profit sharing, and employee stock plans. Our services include:

 

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