Empower Closes Milliman Retirement Administration Deal to Expand Workplace Benefits Platform
Empower completed the acquisition of Milliman’s retirement administration business, first announced June 30, 2026
Key points
- Empower completed the acquisition of Milliman’s retirement administration business, first announced June 30, 2026
- Deal expands Empower’s capabilities across defined benefit, defined contribution, and health and welfare benefits
- Milliman retains its core actuarial consulting business, separating administration services from analytical advisory work
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