Milliman enhances mobile apps for retirement plan participants, incorporates behavioral finance principles Improvement simplifies mobile transactions and access to retirement plan information
SEATTLE, Jan. 28, 2014 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced enhancements to its mobile "app" technology that help to further simplify the mobile experience for participants in retirement plans administered by Milliman. By incorporating behavioral finance concepts, the enhanced technology furthers Milliman's mission to provide participants with a comprehensive yet accessible user experience that serves all their needs, regardless of the way in which they access their plan.
"Plan participants increasingly expect a simple, integrated series of interactions with their retirement plans," said Milliman Principal Kevin Skow. "We've boiled our mobile experience down to the kinds of things participants can do easily, without being overloaded with choices or information that can discourage their engagement."
New mobile functionality includes:
- The ability for participants to enroll in a plan by making one simple election—selecting a deferral rate
- The ability for active participants to review and change their deferral elections
- The ability for participants to set annual automatic increases to their deferral rate
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit www.milliman.com
SOURCE Milliman, Inc.