Defined contribution plan administration

OVERVIEW

Defined contribution plan administration

Simplify defined contribution administration, improve recordkeeping accuracy, and ease compliance challenges with our transparent, seamless suite of services.

Get expert consulting, advice, and service tailored to your DC plan regardless of size—and gain the benefit of decades of administration experience. Whether it’s engaging learning content and interactive planning tools for participants or hands-on consultation and customization to meet your program’s unique needs, Milliman focuses on what matters to your culture and your workforce.

Why Milliman

Unbiased retirement plan perspective

Truly independent advice is not tied to specific products: we act solely on behalf of you and your employees.

Custom plan solutions

No boxes here. We thrive on complex plans and our ability to develop flexible solutions to meet the needs of our clients.

Healthy financial outcomes for participants

Our multimedia financial wellness experience elevates financial literacy, instills confidence in daily financial decisions, and guides employees toward a healthier financial future.

Innovative retirement plan technology

Streamline your plan, enhance efficiency and cost-effectiveness, mitigate risk.
Simplify retirement planning with a user-friendly participant site and transactional mobile app.
Gain real-time insights into your plan’s performance with our dynamic plan sponsor dashboard.

Administration excellence

206 PLANSPONSOR Best in Class DC Recordkeeper awards since 2017.
2023, 2024, 2025 NAPA Advisors’ Choice Recordkeeper.
8 PLANSPONSOR client Plan Sponsor of the Year finalists or winners since 2016.

Exceptional participant experience

Designed to educate, inspire and change behavior.
Customized at the plan level and personalized at the participant level.
Ongoing support by full-service Benefits Service Center.

Consulting

Fully outsourced administration services

Compliance

Participant Services & Education

Consulting

Deep experience with all structures and types of defined contribution plans, for almost any type of organization.

Types of defined contribution plans we work with:

401(k), 403(b), 401(a), and 457 plans
Profit-sharing plans
Employee stock ownership plans (ESOPs)
Nonqualified plans
Money-purchase pension plans and tie-ins to defined benefit plans
Paired 401(k)/cash balance plans
Integrated 401(k)/benefits administration solutions

Organizations we serve:

Public sector organizations
Private companies
Not-for-profit organizations
Corporate plans
Association plans
Multiple Employer Plans (MEPs)
Taft-Hartley plans

Related services

Defined contribution plan consulting

In-depth analysis and creative solutions to maximize the value of your defined contribution program.

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Taft-Hartley services

Address the issues raised by shifting demographics, increasing regulatory demands, and steadily rising costs.

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Total retirement outsourcing

Simplify retirement plan administration while enhancing employees’ understanding and value of their retirement program.

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Association/Multiple Employer Plan services

Seamless, integrated services for Associations/MEPs with a wide variety of defined contribution plans and sizes.

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Nonqualified plans

Translate complex regulations on non-qualified plans into meaningful compensation strategy.

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Employee communication

Award-winning employee communication drives engagement and retention.

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Retirement Benefits Administration Platform

Millimanbenefits.com

Empower your retirement plan through our state-of-the-art outsourcing services and leading-edge financial wellness solution.

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FINANCIAL WELLNESS EXPERIENCE

Healthy Financial Outcomes

Empower your employees to improve their financial health and maximize the value of the benefits you provide.

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Resources

For plan sponsors

Videos

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VIDEO

MillimanBenefits.com participant site

View your investments, account activity, and documents all in one place.

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VIDEO

Healthy financial outcomes

Enhance financial literacy, boost confidence in daily financial decisions, and guide employees toward a healthier financial future.

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VIDEO

Plan sponsor dashboard

One-stop service center with a customizable dashboard for easy-access reporting provides real-time, deep insight into your plan.

Additional resources

Press release

Milliman wins “Best in Class” defined contribution recordkeeper, “Service Star” awards from PLANSPONSOR

Milliman, Inc., a premier actuarial, consulting, and benefits administration firm, is pleased to announce multiple recognitions by PLANSPONSOR as part of their annual awards for excellence.

Defined contribution plan administration