Milliman recognized by PLANSPONSOR as "Best in Class" 401(k) provider Milliman stands out in the 2012 PLANSPONSOR Defined Contribution Survey
SEATTLE, Feb. 26, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, was recently recognized by PLANSPONSOR as one of the top 401(k) providers. The PLANSPONSOR Defined Contribution Survey gathers responses from more than 6,000 companies and identifies leaders in designated service categories, with leaders earning a "Best in Class." Milliman was among three firms to garner the most awards in the 2012 survey.
"This recognition by PLANSPONSOR validates Milliman's approach to defined contribution services," said Lance Burma, Milliman's Employee Benefits Discipline Director. "Milliman won 31 awards in the 13 participant-oriented categories, and our 49 total awards were the third highest overall. We are particularly proud of our showing in categories where we have made a longstanding commitment, especially fee transparency and participant satisfaction. We are poised to continue our leadership position as we roll out new education concepts like our PlanAhead™ suite of services and tools to empower employees and improve retirement outcomes."
Milliman scored highly across the small, medium, and large markets, which are the three segments in which Milliman participated. Milliman's highest-rated areas of service include:
- Range of investment options
- Participant fee disclosure
- Participant statements
- Staff consistency
- Industry knowledge
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. It is a founding member of Abelica Global, an international organization of consulting firms serving employee benefits clients worldwide. For further information, visit milliman.com.
SOURCE Milliman, Inc.