Millennium Trust Company Helps Defined Benefit Plan Sponsors Address Lump Sum Distribution Strategies

February 6, 2014

Oak Brook, IL - February 6, 2014 - Millennium Trust Company announced the release of Managing Risk and Opportunity:  Trends and Challenges in Defined Benefit Plans. It offers their insight into the trends and challenges facing Defined Benefit (DB) plan sponsors as they pursue a variety of de-risking strategies. “Companies across the country have been taking a close look at their defined benefit plans and the way they think about managing risk,” said Terry Dunne, Millennium Trust SVP and managing director of the Rollover Solutions Group. “This white paper is designed to give an overview and help plan sponsors think through pension de-risking.”
New approaches to risk assessment have led to the identification of new ways to reduce and manage risks. These include liability-driven investment strategies, lump sum offerings, and annuity buy-outs and buy-ins. Although many sponsors have scripted the actions that they intend to take, low interest rates and inadequate plan funding levels have delayed implementation—until now.

“We have now worked with many companies that have carefully reviewed their defined benefit plan’s ongoing risk status and determined that it was a good time to take action.  2014 might be a particularly good time given the improved investment market over the past few years and the rising interest rates.”, said Dunne, “Automatic rollovers are a natural fit for defined benefit plans that decide to offer lump sum distributions as part of their de-risking strategy. We offer innovative technology, comprehensive search procedures for finding missing individuals, a full range of investment choices for IRA account holders, and unmatched service and support,  enabling us to dramatically enhance the way companies meet the Department of Labor’s (DOL) safe harbor requirements for the automatic rollover of plan assets to individual retirement accounts (IRAs).”

The paper begins with a brief look at the history of DB plans, discusses the role of DB plans in the retirement industry today, examines more closely the solutions that companies are employing to manage risk, and describes the challenges that companies are encountering, as well as the help that is available to them through companies like Millennium Trust.
For more information about Millennium Trust Company visit: To receive a copy of the white paper, contact Diane Pressley at 630-368-5614 or
About Millennium Trust Company
Millennium Trust Company is a leading financial services company offering niche alternative custody solutions to institutions, advisors and individuals. We serve as a complement to services offered by other custodians. Our innovative solutions include rollover solutions, alternative asset custody, private fund custody and advisor support solutions. Millennium Trust performs the duties of a directed custodian and, as such, does not perform due diligence on prospective investments, sponsors or service providers and does not sell investments or provide investment, tax or legal advice.