ESOP consulting & administration


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Milliman understands the challenges and complexities of Employee Stock Ownership Plans (ESOPs). We appreciate the ESOP culture and the impact of employee ownership on your organization, your people, and our economy. From optimized plan design and 401(k) integration, to streamlined plan administration and repurchase liability studies, to compliance confidence and custom communication, Milliman can help.

Service highlights

Integrated 401(k)/ESOP administration

Milliman is the leader in seamless, integrated total retirement outsourcing, offering a single resource to serve all your needs from one service platform. Our full-service integrated solution provides all services from a single source, covering your 401(k) and ESOP plans and employee communication needs:

  • Customized timelines and plan event calendars based on the plan document, including roles, responsibilities, and expected dates of completion
  • Fully outsourced diversification process to determine eligible participants, deliver notification and election forms, and process elections
  • One-stop shop for participants–integrated website, mobile app, and call center

Consulting & design

We realize that ESOP decisions have an impact that is greater than the face value of the transaction. Our consultants help you navigate transactions, plan design options, repurchase obligations, and long-term sustainability strategies so that you achieve your plan objectives. We will help you determine the best course of action when addressing:

  • Plan design
  • Repurchase obligation
  • Mature ESOP strategies
  • Creative distribution options

Compliance

Milliman provides comprehensive compliance and consulting services. Developing a thorough knowledge of your demographics, administrative processes, and culture allows us to add value in the delivery of these services:

  • Discrimination testing, including 409(p) testing
  • Form 5500 / Summary Annual Reports
  • Audit services

Repurchase liability studies

Milliman helps clients identify their future cash flow needs with a repurchase liability study. Through this study, we analyze the cash flow, recommend changes in distribution options (if necessary), and determine how different stock transaction or administrative practices affect the future cash flow.

Custom communication

Milliman’s holistic approach to communication helps foster a deep appreciation of the unique opportunity your ESOP offers, while equipping employees to create successful financial outcomes. We can integrate the 401(k) and ESOP plans into a comprehensive strategy so that your people understand their complete retirement picture. Multiple media and touch points reinforce and refresh the message for top-of-mind attention. Branded materials reinforce your company, your culture, your plans.

Next Steps

For more information, contact: