Milliman today announced a new security feature on MillimanBenefits.com, which hosts account information for participants in Milliman client retirement plans. The leading edge Account Lock feature allows participants to “lock down” their accounts to prevent any distributions or loans from being initiated while it is locked. It gives participants an added layer of defense against external security threats.
“Most plan participants are still accumulating retirement savings and won’t be taking money from their plan anytime soon, which is what makes Account Lock such an obvious security upgrade,” said Laura Van Domelen, Principal and Defined Contribution Client Relations Leader. “It’s an intuitive and effective security innovation that we expect to see imitated by other plan administrators.”
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