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View More Press Releases by Milliman

Press Release

Milliman adds International Brotherhood of Electrical Workers Local Unions Savings and Security Plan as a Retirement Services Client

Issued by Milliman

Aug. 28, 2018

August 27, 2018 -- Milliman today announced it has added the International Brotherhood of Electrical Workers (IBEW) Local Unions Savings and Security Plan as a defined contribution client. The multi-employer plan includes more than 30 locals of the IBEW primarily in the Telecommunications Department. The plan has more than $650M in assets with participants in 48 states.

"Milliman was chosen due to their flexible recordkeeping platform and understanding of the plan's unique structure," says Julie Permutt, Division Vice President of Scarborough Alliance Group, the plan administrator and investment advisor. "Milliman has experience administering multiemployer plans and provides our office the support and assistance to bring the best retirement plan and service to the members that we serve."

Milliman will provide recordkeeping and compliance services for the IBEW Local Unions Savings and Security Plan.

We are pleased that our flexible service model and multiemployer plan expertise was fully demonstrated during the process of finding a new recordkeeping platform for the plan. We look forward to a long-standing relationship with both the IBEW's members and Scarborough Alliance Group.

For information on Milliman's employee benefit services, view here.

For information on Milliman's multiemployer services, view here.

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