Milliman Introduces Power to Know(SM)

SEATTLE, July 13 /PRNewswire/ -- Milliman's Employee Benefits practice, a premier provider of total retirement outsourcing services, has unveiled a comprehensive program to help plan sponsors and plan participants see deeper into their retirement plans and make informed, measurable, and successful decisions. Milliman's Power to Know is a proprietary set of tools that applies to a plan sponsor's entire retirement program.

Among its many attributes, Power to Know empowers plan sponsors to Know how theirplan compares through an exhaustive plan benchmarking report, Know they are protected through a fiduciary governance report, Know all costs via comprehensive fee transparency reports, and Know how participants are succeeding through a visual graphic that displays each participant in relation to his or her retirement goal. In addition, defined benefit plan sponsors can Know their plan's funded status, both currently and in the future, through multiple tools designed specifically to create and monitor a liability-driven investment strategy.

Power to Know will help plan participants Know whether they are prepared for retirement and Know how to take action, when necessary. These powerful personalized tools target the specific situation of each participant and provide help where it's needed. If desired, participants can Know that professionals will invest for them through advice and managed account options from Morningstar (R) Retirement Manager(TM) or a customized model portfolio strategy offering advantages that target date mutual funds cannot provide.

"Few providers can deliver to plan sponsors the depth and breadth of information that Milliman provides" states Janet McCune, a principal in Milliman's Dallas office. "For example, our clients know exactly what they are paying for our services because 100% of our client invoices show a reconciliation of revenue from all sources."

"We are excited about bringing Power to Know to our clients" adds Jeffrey Budin, a principal in Milliman's New York office. "Today's complex benefit environment requires both plan sponsors and participants to see deeper into their plans than ever before. With Power to Know, knowing everything is what they get."

For more information about Milliman's employee benefits services, go to http://www.milliman.com/expertise/employee-benefits/index.php.

About Milliman

Milliman is among the world's largest independent actuarial and consulting firms. Founded in Seattle in 1947 as Milliman & Robertson, the company currently has 49 offices in key locations worldwide. Milliman is a founding member of Abelica Global, an international organization of consulting firms serving employee benefits clients around the globe. Milliman employs more than 2100 people, with a professional staff of more than 1100 qualified consultants and actuaries, including specialists ranging from clinicians to economists. The firm has consulting practices in employee benefits, healthcare, property and casualty insurance, life insurance, and financial services. Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. For further information, visit www.milliman.com.

SOURCE Milliman