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Defined benefit plan administration

Defined benefit plan administration
Defined benefit plan administration
Overview
Services
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Resources
Overview

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 Co-sourcing Defined benefit consulting Risk mitigation Communication services

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.

SERVICES

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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.

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Total retirement outsourcing

Simplify retirement plan administration while enhancing employees’ understanding and value of their retirement program.

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PRODUCTS

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Resources

Brochure

Defined benefit administration brochure
Download PDF

We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert

We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert
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