At Milliman, our advice on Taft-Hartley plans is actuarially driven. We combine more than 30 years of investment consulting expertise with a focus on targeting the investment returns assumed by the plan.

Other consulting firms may do occasional Taft-Hartley work; our practice has a focus on the special issues surrounding Taft-Hartley plans. As a result, we stay informed on all the legal and industry changes in this marketplace, including:

• asset/liability modeling
• liability-driven investing
• plan mergers
• conversions to defined-contribution plans
• compliance with Pension Protection Act of 2006

Customized advice works to client advantage

Two recent Milliman clients illustrate how we tailor our guidance to suit the needs of each plan.

One union-local client was at a disadvantage in plan management because of its size. This client found it difficult to keep costs under control and achieve its needed returns. With Milliman's assistance, the client was able to present a fiscally sound plan and merge with a larger regional affiliate.

Another client struggled with underfunding. Milliman's actuarial analysis spotlighted the issue for plan trustees. After reviewing our guidance, the employer decided against a merger and instead put additional funds into the existing plan to improve its fiscal position.

Impartial standing allows us to give unbiased advice

We provide the full range of services to this market, including setting investment policy, asset allocation, investment structure, performance measurement, manager evaluation, and vendor searches.

Because we never manage funds or receive commission-based fees, our advice is focused on achieving plan goals.