Conversion or installation services
Milliman will guide and manage the entire implementation project from start to finish. You will benefit from Milliman’s expertise and client-oriented service for a streamlined, efficient conversion or implementation.
Administrative services
The Milliman Co-op 401(k) Plan gives administrators the power of a client-centric technology model that streamlines data management, participant services, plan administration, and multi-plan reporting into one dynamic infrastructure resulting in high quality, accurate record-keeping services.
Milliman’s Co-op 401(k) Plan delivers top-notch record-keeping services for daily and periodic activities such as:
- Updating accounts with investment results and other trust activity
- Investment fund transfers and other activity
- Access to benefit service representatives
- Processing participant-initiated activities
- Monitoring contribution limits
- Quarterly statements and demographic reporting
- Annual compliance testing and reporting (including 5500 and 1099 R forms)
Participant success
Through personalized communication, we help participants track their progress toward retirement readiness. The education program includes:
- Newsletters
- Enrollment kit, which includes required notices
- Targeted communication program to help participants make the right decisions
- Interactive website with planning, education, and transactional functionality
- Live and recorded educational sessions
- Mobile app with transactional functionality
- Benefits Service Center with representatives available by phone or webchat, Monday through Friday
from 7 a.m. to 7 p.m. Central time.
- Access to investment advice through the professionally managed account program
