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Defined benefit full outsourcing services

Defined benefit full outsourcing services
Defined benefit full outsourcing services
Overview
Services
Products
Resources
OVERVIEW

Defined benefit plan full outsourcing services

Unlock seamless pension plan outsourcing with our comprehensive solution. Enjoy a streamlined experience with a robust web portal, real-time calculations, online retirement capabilities, and more. Our advanced technology consolidates data, reducing administrative costs and freeing you to focus on your business. Rest easy knowing your plan is in expert hands, ensuring accuracy and exceptional service.

Services

Consulting

Deep experience with all structures and types of DB plans, for almost any type of organization.
  • Administration
  • Recordkeeping
  • Education
  • Consulting
  • Compliance
  • Frozen plan management
  • Pension de-risking
  • DB Pension Plans
  • Cash Balance Plans
  • Paired cash balance/401(k) solution
  • Integrated pension/benefits administration solution

Consulting

Deep experience with all structures and types of DB plans, for almost any type of organization.
  • Administration
  • Recordkeeping
  • Education
  • Consulting
  • Compliance
  • Frozen plan management
  • Pension de-risking
  • DB Pension Plans
  • Cash Balance Plans
  • Paired cash balance/401(k) solution
  • Integrated pension/benefits administration solution

Fully outsourced administration services

Comprehensive recordkeeping and administration services.
  • Historical salary, service and status reports
  • Vesting tracking
  • Periodic & lump-sum payment election processing
  • Retirement initiation packages
  • Payment coordination with 20+ different payors
  • Beneficiary records/tracking
  • Claim services/benefit entitlement
  • Death benefit processing
  • Social Security audit
  • IRS and DOL audit support
  • Proprietary administration system
  • Electronic payroll update process
  • Divisional reporting
  • Cost-of-living adjustments
  • Income verification
  • Retiree data maintenance
  • Deduction administration
  • Locate vested terminated participants and initiate payments
  • Special project services include Lump Sum Windows, Annuity Purchases, Plan Terminations

Fully outsourced administration services

Comprehensive recordkeeping and administration services.
  • Historical salary, service and status reports
  • Vesting tracking
  • Periodic & lump-sum payment election processing
  • Retirement initiation packages
  • Payment coordination with 20+ different payors
  • Beneficiary records/tracking
  • Claim services/benefit entitlement
  • Death benefit processing
  • Social Security audit
  • IRS and DOL audit support
  • Proprietary administration system
  • Electronic payroll update process
  • Divisional reporting
  • Cost-of-living adjustments
  • Income verification
  • Retiree data maintenance
  • Deduction administration
  • Locate vested terminated participants and initiate payments
  • Special project services include Lump Sum Windows, Annuity Purchases, Plan Terminations

Compliance

Comprehensive compliance and consulting services.
  • Distribution (Annual Funding Notice, SPDs)
  • Termination, death and disability benefit notices
  • Required government notices
  • Plan design studies and consulting
  • QDRO notifications and administration
  • Annual retirement program review
  • Plan document support and amendments
  • Nondiscrimination testing

Compliance

Comprehensive compliance and consulting services.
  • Distribution (Annual Funding Notice, SPDs)
  • Termination, death and disability benefit notices
  • Required government notices
  • Plan design studies and consulting
  • QDRO notifications and administration
  • Annual retirement program review
  • Plan document support and amendments
  • Nondiscrimination testing

Participant Services & Education

Comprehensive program to equip participants with the information they need to take action.
  • Participant website
  • Access information and inquiries
  • Online statements on-demand
  • Distribution options
  • Payment inquiries
  • Tax questions
  • General pension benefit questions
  • Interactive benefit modeling
  • Forms fulfillment
  • DB knowledgeable and fully trained call center representatives
  • Financial wellness platform
  • Employee Meeting Services
  • Award-winning Communication team support

Participant Services & Education

Comprehensive program to equip participants with the information they need to take action.
  • Participant website
  • Access information and inquiries
  • Online statements on-demand
  • Distribution options
  • Payment inquiries
  • Tax questions
  • General pension benefit questions
  • Interactive benefit modeling
  • Forms fulfillment
  • DB knowledgeable and fully trained call center representatives
  • Financial wellness platform
  • Employee Meeting Services
  • Award-winning Communication team support
PRODUCTS

Related defined benefit plan administration products

Pension administration and communication
Retirement benefits administration platform

Millimanbenefits.com

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

Benefit plan evaluation
FINANCIAL WELLNESS EXPERIENCE

Healthy Financial Outcomes

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

Resources

For plan sponsors

For plan sponsors

Thought Leadership

The latest Milliman thought leadership and regulatory updates
Learn more
For plan sponsors

SECURE 2.0

What plan sponsors, administrators, and recordkeepers need to know
Learn more
For plan sponsors

Frozen plan management

Implement a comprehensive, strategic approach to ensure participant benefits are paid while reducing costs.
Learn more
VIDEO

MillimanBenefits.com DB participant site

Know your plan, calculate your benefit, initiate a payment, and more.
View video
VIDEO

Healthy financial outcomes

Enhance financial literacy, boost confidence in daily financial decisions, and guide employees toward a healthier financial future.
Watch the video
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Defined Benefit Administration Services
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We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert

We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert
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