Milliman Adds Cascade Pension Trust as DC Client
Milliman, Inc. has added the Cascade pension plan and Cascade 401(k) plan as a defined contribution (DC) 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.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.