Retirement & Benefits Solutions
Total rewards
Total rewards
At Milliman, our total rewards group provides innovative and strategic expertise to employers on their total rewards package offerings. From start to finish, we work to ensure employers have the proper information and data so they can plan and design programs to meet their employees’ preferences and needs. Using a holistic approach, we aim to have our total rewards programs align with both human capital strategy and business objectives.
Milliman total rewards solutions
Employee communication — total rewards
We work with employers to communicate the full breadth of benefit offerings to employees. Do your employees understand the value of all that you offer? Are they aware of the unique aspects of your organization that make it a great place to work? Do they know how their benefits stack up next to those of others?
Integrated 401(k)/ESOP administration and custom communication
We offer a single resource to serve all your needs from one service platform. Our full-service integrated solution provides all services from a single source, covering your 401(k) and ESOP plans and employee communication needs. Our holistic approach to communication helps foster a deep appreciation of the unique opportunity your ESOP offers while equipping employees to create successful financial outcomes.
Healthcare consulting
In today’s increasingly complex and expensive healthcare environment, our team of experienced consultants can help employers determine the right health plans for their employees and break down that information so it is easy for them to understand.
Milliman Online Total Rewards
Milliman Online Total Rewards provides a way for employers to communicate employees’ personalized benefits and pay information all in one place. It has a platform that is technically responsive and resizes to fit the viewing device- whether it’s a computer, tablet, or smartphone. Personalized total rewards information is available to employees anywhere at any time.
Participant education
Personalized employee communications enables employees to make informed benefit decisions, and enhances employee awareness and appreciation of the benefits program provided by the employer. This helps clients maximize the return on their benefit investment.
Retirement consulting
In a competitive labor market, a top notch retirement plan can be especially attractive to prospective employees. Our retirement consultants provide advice and guidance to employers so they can select the most appropriate and beneficial retirement plans for their employees.
Retirement Income Security Evaluation (RISE Score™)
The RISE Score is designed to be a measure of an individual’s retirement readiness. Whether for consumers and financial advisers or defined contribution plan participants and sponsors, the RISE Score provides an intuitive and easy-to-use way to quickly determine potential gaps in retirement income and gauge retirement readiness.
Strategic rewards
With a more competitive environment than ever, linking pay to performance, finding the best balance of benefits and salary, and implementing other compensation strategies are all key to motivating and retaining employees at every level in an organization. We look at a variety of data, including workplace demographics and talent information, for help in our decision making process.
Milliman total rewards insight
Milliman total rewards products
Milliman Benefits Benchmarking
Compare employee benefits to similar employers so you can optimize your offerings and better retain top talent.
Milliman Online Total Rewards (OTTER)
OTTER allows employers to communicate employees’ personalized benefits and pay information all in one place.
InvestMap
Deploy an age-based asset allocation strategy for the core funds held within a defined contribution plan.
Milliman HigherEDGE
Design your institution’s employee benefits to achieve your objectives in a competitive marketplace. Milliman HigherEDGE™ is a benefits assessment and benchmarking report focused exclusively on higher education.
Milliman total rewards services
Defined benefit plan administration
Maximize the value of pension benefits to participants using our decades of experience, flexible software tools, and disciplined process.
Defined benefit plan consulting
Meet your goals and business objectives in the face of constantly shifting markets and regulations.
Defined contribution plan administration
Navigate the complicated maze of defined contribution administration to provide accurate recordkeeping, transparency, and compliance.
Defined contribution plan consulting
Succeed with comprehensive services including plan design, mergers, data integrity, and compliance services.
Health and welfare administration
Partner with us to implement and manage a benefits administration solution that matches your unique culture.
Investment education
Improve your team's investment knowledge with unbiased, honest viewpoints on a wide range of topics.
Participant education
Attract and retain top talent with integrated, personalized employee communications that help employees make informed benefit decisions.