Helping YOU Change the Way Americans Save for Retirement

One Plan at a Time

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A Retirement Plan Fiduciary

Whether you’re a plan sponsor, a broker/dealer or an advisor, we can help you manage and improve your retirement plan offerings. Or, in technical terms, we are an unaffiliated, ERISA-defined independent fiduciary to 401(k) and other defined contribution plans.
What that means is this: we know ERISA, the Department of Labor and IRS regulations inside and out. That includes both the spirit and the letter of these rules. As an independent fiduciary, we can:
  • Steer you away from pitfalls that don’t serve you or plan beneficiaries.
  • Help you save on unnecessary fees.
  • Lead you through IRS or DoL investigations or corrections if those occur.
With us on your side, you can count on lower fees and lower risk for both you and your participants.

Our Team: Unmatched Skill

You won’t find a team of professionals with such a diverse set of expertise anywhere else. Our knowledge spans:

Investments

Compliance

Legalities

Tax Code Knowledge

We’ve used that expertise to create our PlanAnalyzer – a patented review process to help your retirement plan stay compliant.

We put our skill to work for you. As a fiduciary, you always come first. Whether you’re a business owner, HR rep, RIA or broker/dealer, we always start with your needs and the needs of the people you work with.

Take a Closer Look at Our Solutions

Discover More

Recent Podcasts We’ve Been Apart of:

The MIRA Method - Success
from the Field
The MIRA Method with
James Holland
Growing a 401k
Practice

Proudly Independent & Employee-Owned

Providing Unbiased, Fee-Only Consulting Services

You Need an Industry Professional

You Can Count On

Let Us Work With You

To Provide the Best Options for Your Business

Anyone who has set up or managed a defined contribution plan knows the details are expansive. You’re likely to encounter fine print from more than one federal agency as you navigate the equally complex process of selecting investments and administering the plan.

We can help. We work strategically to help you provide the best options for your employees and/or your clients, and we educate you about the process along the way.

If you are a…

Business Owner & Plan Sponsor

Take fiduciary work off of your plate and limit your liability under ERISA. We put our years of expertise in legal and tax codes, regulations and investing to work for you and your plan’s participants.
Learn more

ERISA
Auditor

Our ERISA due diligence review is led by IRS Enrolled Agents and CPAs. The system they created — known as the P3 program (Pay, Performance and Parity) — ensures your clients’ plans remain fully ERISA compliant.
Learn more

Broker &
Advisor

As a fiduciary consulting firm, we help you build and administer compliant retirement plans so you can smartly grow your retirement business.
Learn more

Patented Tools

Designed With You in Mind

In order to further enhance our services, we’ve developed the PlanAnalyzer – a tool that properly evaluates your performance and that of your retirement plan. Learn more about its capabilities.

Committed to Helping You Improve Your Long-Term Success

The key to our relationship begins with getting to know you and the goals you have in mind for yourself and your business. We want to ensure that we match you with the right solutions while making sure that everything remains compliant. In order to do so, you’ll meet with our team to develop a deeper understanding of how we can design a solution just for you.
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MillenniuM Investment & Retirement Advisors, LLC

PlanAnalyzer

Take an In-Depth Look

At Your Retirement Plan’s Performance

Similar to an annual physical you’d receive from your doctor, our PlanAnalyzer is an investment evaluation tool that takes a deep dive into the performance of your retirement plan. By evaluating the effectiveness of investment committees, investment advisors and the prudence of plan investments relative to IRS and DOL rules, trust law, etc. we’re able to further assist you in building a successful retirement for you and your employees.


There are many benchmarking and plan review tools available in the marketplace, but most are simply an x-ray or MRI of an isolated area of a plan. PlanAnalyzer, however, is a full-body scan that roots out the problems that cause plan fiduciaries to find themselves in the crosshairs of litigators and regulators.

-James Holland
Director of Business Development

What Can PlanAnalyzer Do for You?

This tool can assess whether your investments add value based on key performance indicators in the past 6-year statute of limitations period. We believe this timeframe is a good indicator of changes in the market and how your portfolio will continue to react based on past performance.
Learn more

Given the sharp increase in retirement plan litigation and Labor Department investigations, business owners and other plan fiduciaries now have an independent assessment tool that checks:

  • The prudence of their investments
  • The quality of their investment provider
  • Any potential liability if they fail to act in removing underperforming funds

We Credit Our Clients

For Envisioning This Path

The individuals we work with continually challenge us as a firm and as a team. Their tough questions encourage us to prove our assertions are grounded in regulations. For years, we’ve searched for a tool to help us work seamlessly with our clients and better address their concerns but finding none, we set out to develop one. PlanAnalyzer further empowers us to remain diligent fiduciaries and always serve our clients to the best of our ability.

Discover How PlanAnalyzer Can Help

Schedule Time to Talk

Remain Informed of

Industry News & Trends

September 11, 2024

MilleniuM Investment & Retirement Advisors – ForceManager

  • Investment, Retirement Fundung

September 4, 2024

401k/IRA Review August 20, 2021

401k/IRA Review August 20, 2021
  • Investment, Retirement Fundung
read more

Ready to Get Started?

Proudly Serving Clients Nationwide

Let’s Get Started

With looming questions regarding your retirement plan, there’s no better time to begin than now. Give us a call, schedule a meeting or use the submission form below to contact us.

For billing matters, please contact [email protected]. 

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©MillenniuM Investment & Retirement Advisors. All Rights Reserved.

Business Owners & Plan Sponsors

We serve as an independent fiduciary. This takes fiduciary work off of your plate and limits your liability under ERISA. And since we’re a fee-only firm, we can offer unconflicted advice, which makes complying with new, stricter regulations easy.
Not only does our status as a fee-only fiduciary prevent us from making conflicted or self-serving advice, we can also help you find hidden conflicts that might exist in your arrangements with plan vendors — even if those conflicts aren’t disclosed.
We put our years of expertise in legal and tax codes, regulations and investing to work for you and your plan’s participants. It’s a full-service, multi-faceted approach you can count on.

ERISA Auditors

Our ERISA due diligence review is led by IRS Enrolled Agents and CPAs. The system they created — known as the P3 program (Pay, Performance and Parity) — ensures your clients’ plans remain fully ERISA compliant.

Do you find yourself wondering:

  • “Do I need to help my clients with their independent assessments?”
  • “Is there an easy way to help clients through it?”
  • “How do I protect myself and the firm in the process?”
The answers to those questions are: no, but it can help you differentiate your business; our plan analyzer can give you a road map; the documentation you get from our plan analyzer helps you cover your bases. In addition to the plan analyzer, our services include:
  • Fiduciary Risk Management
  • Retirement Plan Committee Organization
  • Investment Policy Statement Design and Implementation
  • Investment Selection and Monitoring
  • Fee Reviews and Benchmarking
  • Customized Participant Education Programs
  • Fiduciary Best Practices Updates
  • Vendor Search and Selection

Brokers & Advisors

We are a fiduciary consulting firm that can help you build and administer compliant retirement plans.

For Brokers:

It’s important to realize that your firm is on the hook for any actions your representatives take when it comes to ERISA. So we developed an assessment program to help you better supervise your reps while they work on retirement plans. This not only helps you protect the firm, it also helps your reps compete more effectively for new business.

For Advisors:

Building an ERISA practice, especially nowadays, is both a contact and a team sport. We work with you on both your offense and your defense, so you can build up your defined-contribution plan offerings and increase the value you bring to your clients.

Rick Canipe

EA, CFP©, QKA, M.B.A., Inventor
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Mr. Canipe previously administered large plans such as Papa Johns, Wendy’s International and Krispy Kreme.

He worked with Congressman Rob Andrews (D-NJ) on one of the original fee disclosure bills (HR 2869) – much of which was incorporated into the ERISA 408(b)(2) regulation.

Rick has spoken to numerous sponsors and professional organizations (PlanSponsor; Society of Human Resource Management) on managing fiduciary risk.

 

James Holland, M.B.A., Inventor

Director of Business Development, M.B.A., Inventor
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James Holland is the Director of Business Development & Assistant Compliance officer for Millennium Investment & Retirement Advisors LLC, a Pension & Fiduciary Consulting firm based in Charlotte, NC. He also oversees the joint work programs MIRA runs with ERISA Audit firms, Investment Advisors and Employee Benefit Brokers & Consultants. James brings with him over 20 years of experience in the Employee Benefits arena.
He graduated from Ohio Wesleyan University in 1990 with a BS in Economics Management.
James has spoken to SHRM Chapters in NY & NC, the American Society of Pension Professionals & Actuaries, the South Eastern Benefits Conference, CFDD & Vistage.

Michael A. Edberg

CFA®, AIF®
[email protected]
301-951-0787
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Mr. Edberg is a Portfolio Manager at Millennium Investment and retirement Advisors. Michael joined Millennium in August 2017 after two years at Plotkin Financial Advisors (PFA) where he developed their defined contribution plan advisory business. Prior to joining PFA, Mr. Edberg managed a multi-million-dollar family office for over ten years.
From December 2008-November 2013 Michael worked as the Managing Director, Investments at MicroVest Capital Management where he managed four funds and one investment vehicle; collectively over US$150 million in assets under management.
Prior to MicroVest Michael worked 13 years at the International Finance Corporation (IFC). At IFC Michael was responsible for developing new business leads, identifying and researching investment opportunities in the banking sector worldwide, leading investment due diligence teams, performing credit risk and equity valuations, and leading investment negotiations.
Michael holds a Bachelor’s degree in Government and International Relations from Clark University in Worcester, Massachusetts and a Master’s of Business Administration degree in International Business – Finance and Marketing from The George Washington University in Washington, D.C. He is also Chartered Financial Analyst® (CFA®) and an Accredited Investment Advisor (AIF®).
Michael and his wife Laurie have two children.The oldest is a student at Tulane University in New Orleans, Louisiana, and the youngest attends The Field School in Washington, DC. Michael and his family live near downtown Bethesda, Maryland. They are huge Washington Nationals fans and attend up to 20 games a year.

Gregory D. Blalock

CPA
Greg is a Certified Public Accountant, licensed in North Carolina and joined MillenniuM in 2009 as a representative. Greg has over 40 years of experience, having worked in both public accounting and industry. In addition to accounting and tax experience, Greg brings direct experience in plan administration and plan correction programs, and has assisted with MillenniuM client engagements to resolve issues with the IRS and DOL.
Greg holds a B.S. in Business Administration (Accounting concentration) from UNC-Chapel Hill and resides in North Carolina.

Debbie Falko

Client Services Representative
Debbie majored in English at Ohio University in Athens, Ohio and joined the Millennium team in 2016. She previously worked for a Recordkeeper in Business Development and prior to that worked in Sales and Marketing at a software development company.

Doug Rongo

Investment Advisor Representative
Doug Rongo is an Investment Advisor Representative of Millennium Investment & Retirement Advisors, Inc. He founded Blue Ridge Wealth Services in 2006. Doug joined Millennium Investment and Retirement Advisors, LLC in June 2022 to focus on business retirement plans.
Millennium Investment and Retirement Advisors, LLC uses its patented process called the PlanAnalyzer to evaluate investments inside retirement plans to ensure compliance. Millennium Investment and Retirement Advisors, LLC manages the retirement plans of some of the nation’s most recognizable companies.
He applies a 135-year-old investment risk management discipline as a fiduciary on behalf of business retirement plans and families, as well as helps with other financial services as needed. He has been using this discipline for more than 20 years.
Mr. Rongo holds a Bachelor of Science degree from the US Merchant Marine Academy in King’s Point, NY. He pursued a double major in Marine Engineering and Marine Transportation. He graduated with a commission in the US Naval Reserve, and US Coast Guard licenses at Third Assistant Engineer, Steam and Motor Vehicles, Unlimited Horsepower and Third Mate on Oceans, Unlimited Tonnage. He retired from US Naval Reserve as a Lieutenant Commander.
He worked as a nuclear test engineer in a shipyard before going back to sea as an engineer. He completed his sailing career as a Chief Engineer, sailing aboard steam and gas turbine powered ships.
Mr. Rongo lives in Mooresville with his wife Lisa, and has two children, Austin and Hannah. After hours, he is a big proponent of youth sports.