Milliman has acquired the retirement services client. This client is the Minnesota Cement Masons Defined Contribution Retirement Fund. This strategic action enables Milliman to administer the start-up defined contribution plan. The Cement Masons, Plasterers, and Shophands Local 633 union created this retirement plan for its members and launched it on May 1, 2025. This fund helps workers in different regions of Minnesota, North Dakota, and northwest Wisconsin. Milliman has the duty of administering the plan as it grows to cover about 900 participants. This union focuses on the development of skilled craftsmanship.
“We chose Milliman for their strong reputation in administering Taft-Hartley defined contribution plans. Their proven ability to work seamlessly with our service providers,” said Chad Morris, Business Manager of Local 633. “Their commitment to high-quality administration and participant service made them the right fit for our plan.”
Strengthening Retirement Services Expertise
Milliman’s experience in Taft-Hartley plans means the firm can assist plan members in reaching their retirement objectives. From the foregoing, it is clear that the inclusion. The Minnesota Cement Masons strengthens Milliman’s presence in the defined-contribution retirement plans arena.
“Our experience with Taft-Hartley plans positions us well. To support Local 633 members in achieving their retirement goals,” said Gerald Erickson, principal and DC Taft-Hartley practice leader at Milliman. “We look forward to providing high-quality administration as the Fund grows and serves its members.”
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News Source: Businesswire.com
