Milliman’s total retirement outsourcing enables employers to offer a level of service to employees benefits otherwise unattainable, given the resources generally available within companies. We bring together multiple retirement plans into a cohesive program with one platform and one point of contact.

Bringing the best of outsourcing to the whole retirement package

Many companies have been outsourcing 401(k) administration for years, but few have outsourced their pension plans because few service providers offer an integrated package that addresses the wide range of plan needs. Milliman’s total retirement outsourcing provides streamlined and cost-effective services—for all retirement benefits.

Advantages for employers include:

• greater visibility of value of benefits to employees
• access to state-of-the-art benefits management technology without capital investment
• single transmission of census data for both 401(k) and defined benefit plans
• combined nondiscrimination testing

The increased efficiency of combined retirement benefit administration decreases the amount of time our clients’ HR professionals spend on paperwork and increases the attention they can give to employees’ other needs.

Advantages for employees include:

• integrated communications on all benefits for participants
• access to plan information, such as projected retirement savings and total value of benefits, through a customized Web portal
• preretirement counseling, benefit calculations, and other customer service through an 800 number—one point of contact for questions

Advice without conflicts of interest

Milliman partners with its clients to assess their needs and works closely with companies to put together custom administrative packages. As an independent service provider that does not sell financial products, we offer unbiased advice. All of our recommendations are based solely on the best interests of our clients and their participants.