Defined benefit plan administration
Defined benefit plan administration
With a culture built around creative solutions, flexibility, and quality, we help you face daily challenges including fiduciary responsibly, cost containment, overall quality, service level attainment, and participant satisfaction.
During our 20+ years of providing outsourced services, Milliman has implemented defined benefit administration services for some of the most complex defined benefit programs. By leveraging our leading technology solutions, thought leadership and best practices, you receive comprehensive defined benefit solutions that deliver outstanding participant service, ensure compliance and accuracy, while managing plan expenses and mitigating risk.
Our services include
Full outsourcing
Comprehensive pension plan outsourcing includes web portal/call center, data maintenance, real-time benefit calculations and projections, online retirement capabilities, retiree maintenance, payment processing, and educational content.
Co-sourcing
Customizable solutions that help you administer calculation processes and paperwork with support from Milliman’s technology and pension experts.
Defined benefit consulting
Consulting services include supporting you through various events including, plan design, plan amendments, mergers and acquisitions, divestitures and spin-offs, and legislative changes to meet your needs on an as-needed or recurring basis.
Risk mitigation
De-risking services include asset liability modeling/liability driven investment strategies, lump sum cash-outs, annuity placement and full plan termination support.
Communication services
Customized outcome-based communication services designed to overcome your program’s unique challenges and meet your overall objectives.
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Defined benefit plan consulting
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Frozen plan services
Implement a comprehensive, strategic approach to ensure participant benefits are paid while reducing costs.
Total retirement outsourcing
Simplify retirement plan administration while enhancing employees’ understanding and value of their retirement program.
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