Powerful yet easy-to-use participant site
- Real-time access: View plan information and conduct transactions when it’s most convenient.
- Personalized dashboard: View savings rate, investments, rate of return, and more.
- Financial wellness resources: Get help meeting goals using articles, videos, podcasts, and calculators.
- Distribution Lock: Lock access to loans or distributions.
RISE Score
The Milliman Retirement Income Security Evaluation (RISE™) Score empowers participants to understand how prepared they are for the financial risks of retirement. The RISE calculator combines Milliman data with information gathered from participants to project financial security based on various scenarios. Because the score is similar to a credit score, rating projected financial health on a scale of 350 to 850, it is easy for participants to understand and use.
- Insight: Based on a wide range of variables such as inflation, healthcare, longevity, financial markets, and withdrawal behavior, and includes additional retirement income sources for greater accuracy.
- Visuals: Risk illustrated at the point of retirement for three different market scenarios, including portfolio balance, estimated monthly income and income/expense comparisons.
- Action: Useful tips and suggested actions to improve the score, and then model the impact of various behavior changes on their future financial security.
Customized plan sponsor dashboard
- Data analytics: Understand plan health and participant status.
- Data visualization: View success metrics to target areas of improvement.
- Reporting: Access common reports with one click.
- Detail view: Drill down into data and export to Excel for further analysis.
- Interactive communication hub: Simplify management with quarterly reports, plan documents, and participant education.
Milliman mobile benefits
- Enable participants to view their 401(k) accounts and make transactions from the convenience of their smartphones.
- Biometric authentication provides secure login with Apple Touch ID or Face ID and Android Fingerprint capable mobile devices.
Interactive participant site
- Communication center: Manage personal information, learn about benefits, and view, print, and upload forms.
- Transaction hub: Initiate benefits and name or update beneficiaries online.
- Pension benefit calculations on demand: Model pension benefits by changing data points, such as termination date, benefit commencement date, and future pay increases using our real-time database.
- Retirement income projections: Know what to expect in retirement by using employer-provided and personal retirement income resources.
- Retirement Income Analyzer: Model different income scenarios and analyze gaps in retirement income.
Powerful plan sponsor portal
- Real-time access: Get reports and data anytime, anywhere.
- Rich data: View plan demographics and utilization statistics.
- Interactive communication hub: Centralize plan documents, plan highlights, and summary plan descriptions (SPDs).
- Pension benefit calculator: Produce participant benefit estimates and model complex benefit calculation scenarios on demand.
Holistic participant platform
- Single sign-on integrated web experience. Access Milliman retirement accounts through one site with one password.
- Consolidated participant statement. Provide participants with one place for information covering all of the plans in which they participate.
- Financial wellness resources: Help participants plan more effectively using articles, videos, podcasts, and calculators.
- The RISE Score™: Make it easy for participants to estimate retirement income security using this proprietary tool pre-populated with 401(k) and pension data.
Healthy plan sponsor analytics
- Data analytics: Assess plan health and participant status.
- Data visualization: View success metrics to identify areas needing improvement.
- Convenient reporting: Gain access to common reports with a single click.
- Detail view: Drill down into plan data and export to Excel for further analysis.
- Interactive communication hub: Unify access to quarterly reports, plan documents, and participant education resources.
- Dynamic modeling: Project the effect of plan design alternatives.