Milliman Welcomes Minnesota Cement Masons as Retirement Services Client
Milliman has added the Minnesota Cement Masons Defined Contribution Retirement Fund as a new retirement services client, strengthening its work in defined contribution plan administration and supporting the union’s effort to help members save for retirement with professional plan management and participant services.
The Minnesota Cement Masons Defined Contribution Retirement Fund, established on May 1, 2025, serves members of the Cement Masons, Plasterers, and Shophands Local 633 across Minnesota, North Dakota, and Northwest Wisconsin, and is expected to support roughly 900 participants as it grows.
Milliman will administer the plan’s startup defined contribution program, drawing on its deep expertise in Taft-Hartley retirement plans to handle recordkeeping, compliance and participant services that help members pursue their long-term financial goals.
Chad Morris, Business Manager of Local 633, said the decision to work with Milliman was driven by the firm’s strong reputation for high-quality retirement plan administration and service, while Milliman’s Gerald Erickson highlighted the company’s experience supporting multiemployer defined contribution clients as a key factor in delivering value to the new fund as it evolves.
Milliman’s multiemployer services include consulting, recordkeeping and compliance support tailored to the needs of retirement plans like this one, helping trustees and administrators manage the many facets of defined contribution plan governance and operation.
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