Milliman adds Cascade pension and 401(k) plans as a retirement services client

Milliman to administer defined contribution plans for more than 5,900 participants

SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting, actuarial, and benefits administration firm, announced it has added the Cascade pension plan and Cascade 401(k) plan as a defined contribution client. The plans cover more than 5,900 participants and have more than $500 million in assets.

“We chose Milliman because of their proven expertise and flexibility in handling many of the administrative responsibilities for our plans,” said Tom Kyle, Cascade’s chair of the board. “Their commitment to keeping participant interests front and center, including a strict non-solicitation policy, was a key factor in our decision.”

Established in the early 1970s, the Cascade Pension Trust oversees two distinct retirement plans: the Cascade pension plan and the Cascade 401(k) plan. These plans serve members of the International Brotherhood of Electrical Workers (IBEW) Local Unions 280 (Salem, OR), 659 (Medford, OR), and 932 (Coos Bay, OR). Together, these unions represent members who provide essential electrical services across western and central Oregon.

“From our initial conversations with the Cascade Pension Trust team, it was clear they were committed to finding the right partner for their participants,” said Tom Carrabine, principal at Milliman. “We appreciate their collaboration and trust in Milliman, and we look forward to supporting a smooth transition for their members.”

For more information, contact Gerald Erickson at [e-mail] or learn more about Milliman’s DC Multiemployer services.

About Milliman

Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.