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Advisor Services

  • Pension Consulting
    • -401k
    • -403b
    • -457
    • -Defined Benefit
  • Other


Funds Used With Clients

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No timeline events available.
Employer Years Dates
Millennium Investment and Retirement Advisors, Llccharlotte, Nc 10 years, 11 months May 2009 - Present
Millennium Investment and Retirement Advisors, LLC 10 years, 11 months May 2009 - Present
Jph Consulting Group Inc. 6 years Dec 2005 - Dec 2011

Designations & Memberships

Membership information not available

Articles and Answers

Insights by James Holland

    *Articles are published by advisors without compensation.


    Ask a financial questionAsk a question
    What is the best way to prospect for 401k plans.?
    Paul Great question. First figure out the space you want to work in, small plan market, mid size, large, determine what role you are looking to assume, 3 (38) investment manager, educator, full scope 3 (21). Start to develop relationships with local benefit brokers, P&C brokers, CPAs, Audit fi...  (more)
    Answered Apr 2012
    How did I get trapped into this high fee investment firm Fidelity?
    Edward great question YES their are people trying to change the system. That is the main focus of 408 (b) 2 & 404a5. The 401k plan is to be run for the sole benefit of the participants and their beneficiaries. I strongly encourage you to go to HR and bring a few co-workers along and ask Why do w...  (more)
    Answered Apr 2012
    Do you think the DOL will further delay the implementation of 408(b)(2) from April 1st, 2012?
    The date is irrelevant. Mike is right your plan needs to be compliant now. For those who continue to keep their head buried in the sand, I say good luck you are going to need it. The cat is out of the bag people are going to see that in many cases what they have been told for years is in fact not t...  (more)
    Answered Jan 2012
    What are the top 401K plans for small businesses with 10 employees or less?
    Lynda it has been stated a few times here, there are many options for a Plan Sponsor to consider when deciding which plan best fits their population. Cost, Investments, Education are just a few. May I suggest working with and Independent Consultant to help you analyze which scenario best suits your ...  (more)
    Answered Mar 2012
    Who can I contact regarding my individual Macy's 401K balance?
    James Holland Roberta I agree try HR you can also try the website attached you should have been given login information.  (more)
    Answered Feb 2012
    How does a Broker of Record compare to an Advisory/Fiduciary relationship?
    It does not compare, it is an apple and an orange. One works for themselves the other works for the participant and their beneficiaries. There are some very good answers above, I will add something to George's answer a Fiduciary does not need to aviod the appearance of conflicts on interest, they c...  (more)
    Answered Mar 2012
    Is it possible to search for plans in a given city, or zip code as an example?
    Michael The Spyglass tool is terrific. It is incredibly flexible given you multiple options to develop targeted lists by areas, by plan size, investments, ratings etc. Unlike many other options the people at BrightScope are constantly looking for ways to improve the system to benefit the advisors ...  (more)
    Answered Jul 2012
    Is the 403b plan going extinct?
    Byron you have been given some excellent guidance from the other responders here. I would ask for documentation as to the demise of the 403 b and verify that documentation. It appears the the CFP who is offering the services is a "producing" TPA from the way I read your wording he is going to prov...  (more)
    Answered May 2012
    I have a financial adviser trying to sell me a 401k plan through transamerica for my 4 person small business,ideally is it better to go with plans that have higher costs/higher returns or an employee fiduciary model that has lower costs but performance not as high?
    Jory why do you have to choose between Cost & performance? You can have both you just need to do your homework and find a team of independent un-conflicted qualified experts to help. There is nothing more important to the plan then running it in an ERISA compliant manner. Your Tax qualified stat...  (more)
    Answered Oct 2012
    I'm a retirement specialist and new to BrightScope. How can I prospect 401k plans in my area? Example New York City areas?
    John BrightScope has a number of tools available right from their site which you can utilize to help your marketing effort. Feel free to reach out to discuss in more detail.  (more)
    Answered Mar 2012
    How Do I prepare our company's 401k plan for 2012 fee disclosures?
    Plan Sponsors have been given a temporary reprieve so there is still time to be proactive. How do you prepare, the best answer is to partner with a ERISA qualified, un-conflicted independent professional to help assist you prepare the disclosures and help you best commuincate that to your participan...  (more)
    Answered Mar 2012
    What happened to Hartford Life's plan to get out of managing retirement plans? Should we be looking for a new company to manage our 401k?
    Manuel some very good advice above but again the focus is off the mark INVESTMENTS granted they are an important part of a Retirement plan but they are merely a part and in my humble opinion the easiest to address. ERISA compliance is the bigger issue a 3 (38) is a great idea but your focus should ...  (more)
    Answered Aug 2012
    I own a small company and I'm looking to start a 401k plan for my employees, how do I get started?
    Catherine all of the answers above are very good. I recommend interviewing a few different Advisors. Some helpful hints. Ask about their experience in dealing with Retirement Plans How long have they been working with ERISA plans. Ask the advisor if his/her firm will accept being a Named Fiduciary i...  (more)
    Answered Apr 2012
    A controversial idea to overhaul the tax treatment of 401(k)s from the Brookings Institution has been reincarnated after failing in Senate committee hearings last year. The specific provision would make 401(k) contributions no longer excluded from taxable income, though the government would provi
    A treasure trove and answer to budget woes, these savings accounts are ubiquitous and the number one item on family balance sheets after their home's unrealistic appreciation was corrected in 2007 and beyond. Combine this fact with the other related fact that 80 million baby boomers shall rely heavi...  (more)
    Answered Dec 2012
    What are the most common non-conformities and opportunities for improvement in 401(k) Plans Found in Fiduciary Assessments?
    Agree with others no IPS, throw in no Fee Policy, No Conflict of Interest Policy, No Code of Ethics Policy, No Fiduciary Manual, no meeting minutes, No Fiduciary Liability Insurance to name a few ...  (more)
    Answered Mar 2012
    How do I, as a small company plan administrator, evaluate the financial stability of a 401(k) plan provider who offers a turn key operation including investment funds and plan administration?
    Mary Ann I will echo Evan's thoughts. You do not go to your doctor and perform your annual physical right, you let the professional. Same should apply here....  (more)
    Answered Dec 2012
    What are some good low-cost recordkeepers outside of the well-known brands?
    Mel this is a difficult question to ask in general terms. There are many experience and qualified RK/TPAs. It depends on your specific needs. There are many factors to take into account. Cost, Plan design, technological needs and wants. you should consider working with an independent qualified advis...  (more)
    Answered Mar 2012
    I am an employee at a small business in Maryland. We have a 401K plan with a 3% company match. However, we only have about 15-18 investment options through American funds and all the expense ratios are 1.35-1.90. How can I find lower expense ratio options?
    Adam You have LOTS of options and you need to bring this to the attention of HR & your Employer, they are personal liable for the plan and if they are not going to take the responsibility serious they should shut down the plan give everyone their money back and let you open IRAs. the generous ma...  (more)
    Answered Aug 2013
    What to look for in a 401(k) record keeper?
    Alfred some very good suggestions from some very knowledgeable people above. We run RFPs often for providers so we have vetted quite a few. Important aspects of a good recordkeeping partner. They have the updated technology as Mike mentions a must. FLAT DOLLAR FEE PER PARTICIPANT NO ASSET BASED comp...  (more)
    Answered May 2012
    Just found out my company is changing 401K plan from Prudential to Great-West. I had never heard of Great-West. Is this something to be concerned about? I was unaware change was coming.?
    Joanne Good for you for being concerned. I would go to HR and start to ask some questions. For example what other providers where considered? Do you have the documented prudent process you used to determine who the new provider would be? Who makes up the Investment Policy committee that makes ...  (more)
    Answered Dec 2012
    How do I find out all the hidden fees & expenses I am paying in my employer sponsored 401K plan?
    Nick there have been some good answers here however I believe the simpliest way to get the answers you are looking for is to walk into HR and DEMAND them. Tell them you would like a break down of every Covered Service Provider and the exact dollar amount they got paid. You would also like to see ALL...  (more)
    Answered Feb 2013
    I have $41,000 in a 401K and am paying 1.5% in fees alone ($620 last year). I'm only able to contribute $4K per year. So, right off the top 15% of my contributions cover only fees. Can my employer find a cheaper provider?
    Robert Congrats on putting the pieces together. It has been far too long that participants have getting the short end of the stick. YES there are MANY excellent providers who offer platforms with lower fees. Go to HR and demand they replace the current providers. ERISA clearly states the plan is f...  (more)
    Answered Dec 2012
    List the top 401(k) plan providers in the $10m and under marketplace?
    While it is admirable of Tracy to offer his firms 3(38) services that is merely a piece to the puzzle. There are many parts to running a fully compliant plan and I would argue the investments are the easiest piece to control. Administration & Compliance are the far bigger concerns that is why yo...  (more)
    Answered Jun 2014
    Is a John Hancock 401k plan in NY w/ estimated annual plan cost proposed at 1.436% a good rate? I'm a plan admin?
    Tina 1 AND DONE your plan should have a TOTAL COST of 1% or less for EVERYTHING Record keeping/TPA , Advisor & Investments. I agree with Eric get a TRUE Fiduciary one who assume the role 100% with NO limitation to liability no opt out clause or indemnifications. There are plenty of qualified pr...  (more)
    Answered Aug 2014
    What are reasonable fees for administering a 403b account, assets size is less than $5 million.
    Byron to keep things simple the answer is NO there should be NO asset based fees when it comes to plan administration in our opinion. Rev. sharing is the most inefficient way to pay for plan administration the only people who win are the admin. companies and brokers. Flat $ pricing for anyone tou...  (more)
    Answered Feb 2013
    How much can an individual expect to pay an RIA for fee-only hourly? What about flat fee for 3(16) fiduciary services?
    KC the 3(16) service is for a 401k or 403b plan correct?...  (more)
    Answered Oct 2013
    My employer is changing 401K providers. We get 1 choice: a target date retire fund. Options? Losing my diversification.
    Ingrid it is outrageous that you are left with only TDFs as an option. You clearly have a Plan Sponsor who takes not interest in truly helping their employees obtain their retirement goals. Have they given you any documentation as to why this change was made? did they provide the methodology they us...  (more)
    Answered Oct 2014
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      U.S. Securities and Exchange Commission
      • license status
      • disclosures
      • as of date
        Mar 7, 2020
      • license status
        Not registered
      • disclosures
      • as of date
        Nov 2, 2018
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:



      Last updated on March 25, 2020
        • $440.0M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 100
          number of clients
        • $4.4M
          Estimated Average Account Balance Per Client

      Millennium Investment and Retirement Advisors, LLC

      Last updated on March 30, 2020
        • $1.1B
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 364
          number of clients
        • $3.1M
          Estimated Average Account Balance Per Client


      Fee Only Advisor
      This advisor has certified that they are compensated soley by their clients, and do not accept commisions or compensation of any kind based on the products they recommend.

      Types of Compensation Arrangements