Milliman Advisors, Llc
- Regulatory AUM
- $2.3B
- Discretionary
- $41.4M
- Clients
- 39
- Avg AUM / client
- $59.4M
- Accounts
- 34
- Employees
- 1
AUM over time
Annual snapshots from Form ADV filings · as of Jun 15, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pension and profit sharing plans | 9 | $218M | 9.39% |
| State or municipal government entities | 4 | $238M | 10.3% |
| Corporations and other businesses | 26 | $1.9B | 80.3% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Rangers Baseball 401(k) Savings And Retirement Plan Rangers Baseball, Llc | 2024 | |
| Unity International Group 401(k) Plan Unity Electric Company, Inc. | 2024 | |
| St. Marks School Of Texas Matching Plan St. Marks School Of Texas | 2024 |
People (1)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Puz, Susan, Helen | Chief Compliance Officer | Sep 2014 (12y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Milliman, Inc | Owner | Jan 2019 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (3)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Rangers Baseball 401(k) Savings And Retirement Plan | Rangers Baseball, Llc | 714 | $49.5M | 01/01/2024 |
| Unity International Group 401(k) Plan | Unity Electric Company, Inc. | 117 | $10.8M | 01/01/2024 |
| St. Marks School Of Texas Matching Plan | St. Marks School Of Texas | 216 | $85.9M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/15/2026 | 1.15 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 15, 2026.
View current Form ADV (SEC/IAPD) ↗