Milliman experts understand the unique issues faced by 403(b) plan administrators, and, because we never manage investment funds or earn commission-based fees, we offer independent, unbiased viewpoints in evaluating 403(b) plan success.
We provide a broad range of services to 403(b) plans, in areas including:
- investment policy
- asset allocation and investment structure
- performance measurement
- manager evaluation
- vendor searches
Making choices, explaining changes
Many 403(b) plans historically offered hundreds of fund choices. But industry studies have shown that plans with more than a dozen choices can be confusing to participants, leading to lower participation. As the industry trends toward reducing fund choices, plan trustees can rely on Milliman's expertise in evaluating funds as they seek to narrow the options.
We also can help explain the changes to plan participants. Clients who use Milliman for recordkeeping can offer personalized counsel to plan consumers through our alliance with Morningstar.
