Milliman has more than 30 years of experience consulting to corporate defined benefit plans. We serve more than 50 clients on a retainer basis, with assets from $50 million to billions. Our depth of expertise means we develop diversified investment programs that preserve assets and provide for longer-term plan liabilities.

We offer clients advice on every aspect of plan management, including investment policy, investment structure, asset allocation, performance measurement, manager evaluation, and custodian searches.

Our expertise includes informed advice on:

• liability-driven investing
• new investment style mandates including opportunistic, eclectic, all cap, and global
• alternative investment classes
• Pension Protection Act of 2006
• interpretation of new FASB rules
• plan conversion to 401(k)
• asset management for frozen or terminating plans

Milliman excels at providing sound fiduciary oversight. Because we never manage funds or take commission-based fees, our analysis and recommendations are unbiased.

Asset analysis yielded immediate savings

One client came to us recently after working with a broker-dealer to set its asset allocation. Milliman's analysis revealed the broker had invested the plan entirely in retail mutual funds, on which the broker earned—and the company paid—a higher fee. The once-smaller fund had seen its assets grow to where this was no longer an appropriate investment vehicle.

Milliman experts were able to quickly move the assets into institutional share class mutual funds at lower fees, saving the client more than $30,000 annually. In addition, a check of asset levels led to rebalancing the portfolio, which also yielded higher returns.