William Strange
FSA, EA, MAAA
Principal and Consulting Actuary
Dallas, TX, US
William Strange is a principal and consulting actuary in the Dallas office of Milliman, where he partners with plan sponsors to design and implement employee benefit plans tailored to their strategic goals.
Experience
William has worked in the retirement consulting field since 2007, with prior experience at Buck Consultants and Fidelity Investments. Clients look to William to provide proactive consulting advice on how to mitigate benefit plan risk and leverage plans to achieve workforce planning goals. His expertise includes:
- Conducting actuarial valuations for defined benefit and retiree medical plans
- Designing defined benefit and defined contribution plans (qualified and nonqualified)
- Optimizing cash balance designs for professional service firms
- Performing merger & acquisition due diligence
- Making projections to evaluate future retirement design changes
- Consulting on Liability Driven Investing strategies to manage pension risk
- Conducting global accounting consolidation
- Consulting on plan administration outsourcing alternatives
William has presented at professional conferences and corporate meetings on a variety of employee benefit topics.
Professional Designations
- Fellow, Society of Actuaries (FSA)
- Enrolled Actuary (EA)
- Member, American Academy of Actuaries (MAAA)
Education
- BS, Mathematics, University of Texas at Austin
- BA, Economics, University of Texas at Austin
Publications
Read their latest work
Article
Why are cash balance plans used to supplement 401(k) plans for higher-paid employees?
04 March 2025 - by Scott D. Preppernau, Neil Hagin, William Strange
We examine how cash balance plans can serve as a powerful supplement to 401(k)s, offering an effective solution for long-term financial security.
Article
Market Based Cash Balance Plan (MBCBP): Frequently Asked Questions
06 November 2024 - by Scott D. Preppernau, William Strange
We answer some FAQs to help employers decide whether to sponsor a market-based cash balance plan.
Article
Unfreezing a defined benefit pension plan: 10 frequently asked questions
14 August 2024 - by Bret Linton, William Strange, Zorast Wadia
As many frozen pension plans face a unique opportunity to reopen to new participants and leverage excess assets, we answer some common questions from plan sponsors.
Article
SECURE 2.0, Part 2: How the new retirement law affects single-employer defined benefit plans
23 May 2023 - by Nina Lantz, William Strange
Milliman employee benefit experts discuss the potential impact on veteran employees, the future of corporate DB plans, and the Act’s other implications for pensions.
Article
Pension risk management: COVID-19 FAQs
31 March 2020 - by William Strange
These FAQs help you thoughtfully consider the potential effects that market volatility resulting from COVID-19 can have on your plan.
Article
What can plan sponsors do with plummeting interest rates?
04 October 2019 - by Arthur Rains-McNally, William Strange
This article presents perspectives on the challenges of the current interest rate environment.
Article
Is your pension plan ready to terminate?
07 May 2019 - by William Strange
For plan sponsors that have resolved to terminate their plans, they typically turn their attention to two important factors: financial and operational readiness.
Article
Impending merger or acquisition? The health of employee benefit programs can be a make-or-break issue
05 March 2019 - by William Strange
Employee benefits programs can deeply affect a potential merger or acquisition, sometimes to the surprise of the acquiring company.