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 perspective

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

Custom 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

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

Innovative technology

Streamline your plan, enhance efficiency and cost-effectiveness, mitigate risk.
Simply 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

195 PLANSPONSOR Best in Class DC Recordkeeper awards since 2017.
2023 NAPA Advisor’s Choice Best in Class Recordkeeper.
7 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.

Services

Consulting Deep experience with all structures and types of DC plans, for almost any type of organization.
Public Private Not-for-profit	Corporate plans Association plans Multiple Employer Plans (MEPs) Taft-Hartley plans	401(k), 403(b), 401(a) and 457 plans Profit-sharing plans ESOPs Nonqualified plans	Money-purchase pension plans and tie-ins to defined benefit plans Paired 401(k)/cash balance plan Integrated 401(k)/benefits administration solution

Consulting

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

Public
Private
Not-for-profit

Corporate plans
Association plans
Multiple Employer Plans (MEPs)
Taft-Hartley plans

401(k), 403(b), 401(a) and 457 plans
Profit-sharing plans
ESOPs
Nonqualified plans

Money-purchase pension plans and tie-ins to defined benefit plans
Paired 401(k)/cash balance plan
Integrated 401(k)/benefits administration solution

Consulting Deep experience with all structures and types of DC plans, for almost any type of organization.
Public Private Not-for-profit Corporate plans Association plans Multiple Employer Plans (MEPs) Taft-Hartley plans 401(k), 403(b), 401(a) and 457 plans Profit-sharing plans ESOPs Nonqualified plans Money-purchase pension plans and tie-ins to defined benefit plans Paired 401(k)/cash balance plan Integrated 401(k)/benefits administration solution

Consulting

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

Public
Private
Not-for-profit

Corporate plans
Association plans
Multiple Employer Plans (MEPs)
Taft-Hartley plans

401(k), 403(b), 401(a) and 457 plans
Profit-sharing plans
ESOPs
Nonqualified plans

Money-purchase pension plans and tie-ins to defined benefit plans
Paired 401(k)/cash balance plan
Integrated 401(k)/benefits administration solution

Fully outsourced administration services Full-service daily platform and balance forward (small plan) solutions.
Contribution processing Loan administration Rollover processing Distributions/withdrawals	On-demand HRIS updates “Lost participant” research Forced/residual account distributions Flexible, customized services	Hardship distribution monitoring QDRO qualification Required minimum distributions Automated vesting tracking

Fully outsourced administration services

Full-service daily platform and balance forward (small plan) solutions.

Contribution processing
Loan administration
Rollover processing
Distributions/withdrawals

On-demand HRIS updates
“Lost participant” research
Forced/residual account distributions
Flexible, customized services

Hardship distribution monitoring
QDRO qualification
Required minimum distributions
Automated vesting tracking

Fully outsourced administration services Full-service daily platform and balance forward (small plan) solutions.
Contribution processing Loan administration Rollover processing Distributions/withdrawals On-demand HRIS updates “Lost participant” research Forced/residual account distributions Flexible, customized services Hardship distribution monitoring QDRO qualification Required minimum distributions Automated vesting tracking

Fully outsourced administration services

Full-service daily platform and balance forward (small plan) solutions.

Contribution processing
Loan administration
Rollover processing
Distributions/withdrawals

On-demand HRIS updates
“Lost participant” research
Forced/residual account distributions
Flexible, customized services

Hardship distribution monitoring
QDRO qualification
Required minimum distributions
Automated vesting tracking

Compliance Comprehensive compliance and consulting services.
Plan design change cost impact On-demand demographic reports	Legislative changes impact Review contribution limits Audit support	Annual retirement plan review Compliance & discrimination testing	Third Party Administration (TPA) services Compliance consulting (corrections/audits/studies) Plan document administration

Compliance

Comprehensive compliance and consulting services.

Plan design change cost impact
On-demand demographic reports

Legislative changes impact
Review contribution limits
Audit support

Annual retirement plan review
Compliance & discrimination testing

Third Party Administration (TPA) services
Compliance consulting (corrections/audits/studies)
Plan document administration

Compliance Comprehensive compliance and consulting services.
Plan design change cost impact On-demand demographic reports Legislative changes impact Review contribution limits Audit support Annual retirement plan review Compliance & discrimination testing Third Party Administration (TPA) services Compliance consulting (corrections/audits/studies) Plan document administration

Compliance

Comprehensive compliance and consulting services.

Plan design change cost impact
On-demand demographic reports

Legislative changes impact
Review contribution limits
Audit support

Annual retirement plan review
Compliance & discrimination testing

Third Party Administration (TPA) services
Compliance consulting (corrections/audits/studies)
Plan document administration

Participant Services & Education Comprehensive program to equip participants with the information they need to take action.
Participant website Advice tools Automatic rebalancing Access information and inquiries	Participant beneficiaries Single source for loans Enrollment tools and materials Plan announcements Custom conversion newsletter	Helpful call center Robust participant curriculum Financial wellness platform Targeted messages Employee Meeting Services

Participant Services & Education

Comprehensive program to equip participants with the information they need to take action.

Participant website
Advice tools
Automatic rebalancing
Access information and inquiries

Participant beneficiaries
Single source for loans
Enrollment tools and materials
Plan announcements
Custom conversion newsletter

Helpful call center
Robust participant curriculum
Financial wellness platform
Targeted messages
Employee Meeting Services

Participant Services & Education Comprehensive program to equip participants with the information they need to take action.
Participant website Advice tools Automatic rebalancing Access information and inquiries Participant beneficiaries Single source for loans Enrollment tools and materials Plan announcements Custom conversion newsletter Helpful call center Robust participant curriculum Financial wellness platform Targeted messages Employee Meeting Services