"A fiduciary is someone who has undertaken to act for or on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence."  -Bristol and West Building Society vs Mothew

MillenniuM understands the responsibilities associated with acting as a fiduciary for institutional assets and we will gladly accept, in writing, our status as named fiduciary. 

For retirement plan sponsors, MillenniuM can serve as an unconflicted “independent fiduciary” under DOL.§ 2509.95-1(c)(6).  This can relieve the plan sponsor of much of their fiduciary work and liability under ERISA. 

Much has been made recently over who can safely advise retirement plan participants about their investment options.  MillenniuM’s fee structure provides no possibility for conflicted, self-serving advice to sponsors or participants and therefore no possibility of a prohibited transaction for the plan (unlike traditionally compensated brokers, agents, and advisors). 

But MillenniuM’s commitment to do right by our clients doesn’t end there.  Because of the depth of experience of our ERISA focused staff, we can help clients find hidden conflicts and costs from all of the vendors that serve their plan -- even costs and conflicts that are completely undisclosed elsewhere.

MillenniuM has expertise in providing the following services:

• Fiduciary Risk Management
• Retirement Plan Committee Organization
• Investment Policy Statement Design and Implementation  
• Investment Selection and Monitoring
• Fee Reviews and Benchmarking
• Fiduciary Studies
• Customized Participant Education Programs
• Fiduciary Best Practices Updates
• Vendor Search and Selection