Needle in a haystack: Thinking outside the box to get information from inside the box
Needle in a haystack: Thinking outside the box to get information from inside the box
2 PagesNeedle in a haystack: Thinking outside the box to get information from inside the box By Scott Feig | 14 November 2018 Background Milliman was awarded the defined benefit (DB) administration work for a new client. The client had recently gone through an acquisition of one of its competitors within its industry, adding a legacy DB plan to the company in addition to its own existing DB plan. The legacy plan had been managed internally with calculation support from the prior plan’s actuary. One of the most important parts of any DB plan administration implementation is the acquisition of final benefits for the deferred vested population. Unless we are informed otherwise, we expect to receive final accrued benefits during the implementation process from the plan sponsor or the prior administra
