Milliman is a retirement provider managing 11 retirement retirement accounts. These tax-advantaged accounts transfer by beneficiary designation—not by will—making it critical to keep designations current and aligned with broader estate planning goals.

Milliman lets account holders update beneficiary designations online, by mail, and by phone, typically taking 10-15 minutes online. Trust funding is also available, allowing families to name a trust as the beneficiary of retirement accounts.

Milliman provides specific procedures for both proactive estate planning and filing claims after a death.

Preparing your estate

Beneficiaries and trust funding

How to manage beneficiaries online, fund a trust by mail, and review 11 account types at Milliman.

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When someone dies

Death claim process

3-step process, 7 required documents, and contact information for survivors.

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Frequently asked questions

Milliman administers retirement plans on behalf of plan sponsors (employers), and the beneficiary designation form is plan-specific. Active participants typically update beneficiaries directly through the millimanbenefits.com portal. If a form is needed in paper, contact the Benefits Service Center at 866-767-1212 — Milliman provides the plan-specific form, not a generic one. Some employers also distribute the form through their HR department or internal benefits website. Milliman does not publish a downloadable beneficiary form on its public website.

The MARC (Milliman Actuarial Retirement Calculator) is Milliman's proprietary pension administration platform that has been an industry standard for defined benefit and cash balance plan administration since 1991. It handles benefit calculations for Final Average Pay, Benefit Rate, Cash Balance, Employee Contributions, DROP, and SHARE plans. The MARC participant website allows employees to view data, manage beneficiaries, run pension estimates, and perform total retirement modeling.

Yes. The Milliman Mobile Benefits app is available on Google Play and the App Store. It allows participants to view account balances, manage investments, and access plan information. The app includes the PlanAhead for Retirement tool to project savings, the InvestMap tool to help with investment selection based on time horizon and risk tolerance, and the RISE Score (Retirement Income Security Estimate) pre-populated with 401(k) and pension data.

Milliman administers a broad range of employer-sponsored retirement plans including 401(k), 403(b), 401(a), 457(b), profit sharing, money purchase pension, ESOP, defined benefit (pension), cash balance, nonqualified deferred compensation, and Taft-Hartley multiemployer plans. Milliman also provides Total Retirement Outsourcing (TRO) integrating defined contribution, defined benefit, and nonqualified plans on a single platform.

Distribution options depend on the specific plan document and plan type. Common options include lump sum payment, rollover to an IRA (for eligible distributions), installment payments, and annuity options (for defined benefit plans). The SECURE Act and SECURE 2.0 rules affect distribution timelines for non-spouse beneficiaries, generally requiring full distribution within 10 years. Contact the Benefits Service Center at 866-767-1212 for plan-specific options.