Partnering to provide annuity placement and co-fiduciary services

Recently, a long-term Milliman client sold its family-owned business and sought assistance with purchasing annuities for plan participants in conjunction with the termination of its pension plan. The company was looking for a trusted partner to assist them with the process as well as fiduciary responsibilities. Milliman consultants Mary Leong and Katherine Warren discuss the challenge, solution, and outcome in this case study.