Tag Archives: Gerald Erickson

Milliman adds Ironworkers Local 8 as a retirement services client

Milliman today announced it has added the Wisconsin Ironworkers Union Individual Account Retirement Fund as a defined contribution client. The plan includes over 3,300 participants and $215 million in assets.

“We had a retirement plan that was valued once a month and the Board of Trustees wanted to move it to daily valuation to allow the members of Local 8 to better plan for their retirement,” says Tony Mayrhofer, Business Manager and Trustee. “We selected Milliman for their extensive experience converting plans like ours from balance-forward to daily valuation, with participant-direction, without having to change the unique investment structure that we had in place. Our members are very pleased with the change and can now view their accounts at any time. I couldn’t be happier with the program that we now have in place.”

Milliman will provide recordkeeping, communications, and ERISA consulting services for the plan.

We are grateful the Board of Trustees chose Milliman for their retirement needs. The trustees and staff at Local 8 are great to work with and it really was a nice collaborative effort with the other fund professionals in making the transition successful.

For information on Milliman’s employee benefit services, click here.

Milliman adds International Union of Operating Engineers (IUOE) Local 25, Marine Division, as a retirement services client

Milliman today announced it has added the International Union of Operating Engineers (IUOE) Local 25, Marine Division, as a defined contribution client. IUOE Local 25, Marine Division, covers approximately 2,000 participants in the dredging industry from Maine to Florida.

“We chose Milliman because of their long track record of full fee transparency and their independence from investment management,” says Jerry Abell, Business Manager for Local 25. “Milliman has experience administering multiemployer plans and provides our trust office the support and assistance to bring the best retirement plan and service to our members.”

Milliman will provide recordkeeping, compliance, and communication services for the IUOE Local 25, Marine Division, Annuity Plan. ICS is the independent investment adviser providing consulting services for the plan and assisted with the recordkeeper search.

We’re gratified that Milliman’s independence and objectivity played a decisive factor in IUOE Local 25’s retirement services selection process, and we look forward to a long-standing relationship with the union and its members.

For more information about Milliman’s employee benefit services, click here.





Milliman receives PLANSPONSOR award for excellence in Defined Contribution Survey

Milliman is pleased to announce that it is the recipient of a PLANSPONSOR Silver award for excellence in the publication’s 2017 Defined Contribution (DC) Survey. The annual survey catalogued nearly 3,500 responses from defined contribution plan sponsors nationwide, who were asked how satisfied they were with their providers. Milliman is one of three organizations recognized as a “Survey Standout” in the midsize ($50 million to $200 million) asset class market, having received 18 Best in Class Awards in this category.

At Milliman, we strongly believe in providing high-quality service and responsiveness to our defined contribution clients, and work hard to exceed their expectations, so we’re pleased and gratified to once again receive an award for excellence from PLANSPONSOR.

Across the three asset class markets for which Milliman qualified ($25 million to $50 million, $50 million to $200 million, and $200 million to $1 billion), the firm won a total of 45 “Best in Class” awards—which includes the Silver Cup for the midsize market—and five “Service Commendations.” “Best in Class” awards are based on a PLANSPONSOR-designated “net satisfaction score” tabulated from survey responses. Since 2012, Milliman has won 11 Gold, Silver, and Bronze Cups in the DC Survey.

For more information about Milliman’s employee benefit services, click here.





Mall of America selects Milliman for retirement services

Milliman has announced it has added Mall of America® as a defined contribution client. Mall of America is a privately held corporation located in Minnesota.

“We chose Milliman for their reputation as a trusted service provider that values their clients. Partnering with Milliman provides our HR team the support and assistance to bring the best retirement plan and service to our team members,” says Sue Amundson, Human Resources Director at Mall of America.

Milliman will provide recordkeeping, administration, communication, and compliance services for the Mall of America Employee Retirement Savings Plan. Channel Financial is the independent investment adviser providing consulting services for the Plan and assisted with the recordkeeper search.

Our mission at Milliman is to serve our clients to protect the health and financial well-being of people everywhere, and we strongly believe in providing superior service and value that exceeds our client’s expectations. We look forward to a long-standing relationship with Mall of America.

For more information about Milliman’s employee benefit services, click here.





Milliman adds Holzer Health System as retirement services client

Milliman has added Holzer Health System as a defined contribution client. Holzer Health System is a multi-discipline healthcare system with more than 160 providers and 2,400 employees providing services in over 30 areas of expertise from 15 locations throughout Ohio and western West Virginia.

“We chose Milliman for their reputation of being a trusted service provider who values commitment to client service. In addition to service, the website is user friendly and includes robust tools to assist participants in planning for retirement. Partnership with providers is a critical decision, and Milliman’s unique ability to design services and systems to meet the needs of all our retirement plan participants was a strong factor in our decision making,” says Lisa Halley, vice president of human resources.

Milliman will provide recordkeeping, administration, communications, and compliance services for the Holzer Health System 401(a), 403(b), and 457(b) plans. The Robertson Group at Morgan Stanley headquartered in Columbus, Ohio, is the independent co-fiduciary investment adviser providing consulting services and participant education for the plans.

We look forward to an enduring relationship with Holzer Health System, and we are honored they selected us. At Milliman, our focus is to provide superior service and value that exceeds our client’s expectations. We believe that strong service and a commitment to the industry is what most plan sponsors want and need.

For more information about Milliman’s employee benefit services, click here.





Painters and Allied Trades District Council 82 chooses Milliman for its defined contribution services

Milliman announced today that we have added the Painters and Allied Trades District Council 82 DC Plan as a defined contribution client. The plan covers collectively bargained members in the states of Minnesota, Wisconsin, and North Dakota with approximately 2,300 participants and $155 million in plan assets.

Milliman is providing recordkeeping, consulting, and communication services for the District Council 82 defined contribution plan.

We are thrilled that the Trustees of the Painters and Allied Trades District Council 82 DC Plan chose to hire Milliman. The Trustees decided to merge two different plans together and it was necessary they had a solid solution in place for their members. The Trustees were confident in our reputation for client service and the solution and approach we discussed resonated with them.