Webinars, podcasts and personalized communication
- Live financial webinars led by Milliman Benefit Educators enable attendees to ask questions and get the latest insights, with recordings are available for anytime access. Recent topics have included Life & Legacy Planning, Developing Retirement Income Streams and How to Retire Early.
- A library of in-depth educational videos provides on-demand education on topics from navigating your account to managing credit and debt.
- Milliman Minutes videos provide quick hits on trending topics, such as dealing with inflation.
- Our podcast series, “What to Do When,” helps listeners navigate complex financial decisions such as market declines and dealing with debt.
- Custom in-person or virtual group or individual meetings led by professional educators motivate participants to engage in their financial futures.
Emergency savings accounts
Simplify emergency savings through SecureSave™, a best-in-class financial technology platform with a track record of high participation and employee satisfaction.
- Make it easy to save with intuitive online enrollment, account management, and resources.
- Help employees build their accounts through convenient payroll deductions and optional employer contributions.
- Give employees convenience and control with anytime access to funds.
- Provide an alternative to loans or withdrawals from long-term retirement savings.
- Tailor the benefit to your company’s needs including eligibility and program design, without the need for ERISA compliance.
RISE Score (Retirement Income Security Evaluation)
The RISE Score is a retirement income security projection tool developed by Milliman to assess how well participants are prepared for the financial risks of retirement. Modeled after a credit score, it uses data on the Milliman platform and information participants add to analyze possibilities that impact financial security. It then provides a rating on a scale of 350 to 850.
- Provides insight beyond most retirement projection tools by measuring the impact of variables such as inflation, healthcare, longevity, financial markets, and withdrawal behavior.
- Illustrates a projected portfolio balance at the point of retirement for three different market scenarios to help visualize the reality of future risk.
- Converts projected portfolio balance into estimated monthly income for each market scenario, adds other retirement income sources, and compares income to projected expenses at retirement.
- Includes tips and suggested action steps to improve the score and invites participants to model the impact of various behavior changes on their retirement financial security.
Managed accounts
Help employees increase savings rates and meet their retirement goals with managed accounts offered through the Morningstar Investment Manager platform. Whether accessed directly through Morningstar Retirement Manager® or through the services of your Investment Advisor, participants get a personalized retirement strategy backed by professional asset allocation.
- Fully integrated with Milliman’s defined contribution recordkeeping platform.
- Provides participants with a personalized retirement strategy including how much they should save, and when they should retire.
- Offers two service levels, including ongoing account management with a fee paid by participants, or no-cost, point-in-time advice.
- Protects sponsors from fiduciary responsibility for recommendations given to participants.
InvestMap custom asset allocation model
InvestMap™ is an investment tool integrated with Milliman’s defined contribution recordkeeping platform that provides participants with an automated, professionally managed investment glidepath.
- Personal: Gives participants a moderate model as a recommendation, with the option to dial the risk up or down depending on their risk tolerance.
- Simple: Uses the plan’s existing mutual investment options and customizes the allocation model using the participant’s age and their selected risk tolerance.
- Automatic: Portfolios are automatically rebalanced every quarter and reallocated on the glide path every year following the participant’s birthday.
- Accessible: No cost to participant.
Milliman Financial Wellness products
Millimanbenefits.com
Empower your retirement plan to achieve your business objectives through our state-of-the-art outsourcing services combined with leading-edge financial wellness education.
InvestMap
Deploy an age-based asset allocation strategy for the core funds held within a defined contribution plan.