New Partnership to Offer Qualified Plans

MillenniuM Investment and Retirement Advisors has teamed with TriCore to offer an integrated, open-architecture qualified plan program.

MillenniuM Investment and Retirement Advisors (MIRA), an independent, employee-owned investment advisory and TriCore, which offers human capital management, are partnering in plan service offerings.

As well as flat-dollar administrative fees and an all-institutional fund lineup, the plan program offers a complete range of fiduciary services as defined by the Employee Retirement Income Security Act (ERISA), under the section that outlines the named independent fiduciary: full-scope 3(21); 3(38) and 3(16). A cloud-based fiduciary bank stores the plan’s documentation, communications and fiduciary manual.

The program is aimed at plans of all sizes, from startups to organizations with thousands of employees. Adding TriCore’s human capital management services to MIRA’s plan options increases the number of competitive weapons in the arsenal for the firm’s adviser partners. The program is fully transparent, the firm says, and allows participants to see what they spend on their retirement plan down to the penny. Participants also have access to qualified, unconflicted advice.

The partnership gives MIRA advisers alternatives to offer plan sponsors that would like to engage them, says Dave Fried, TriCore’s founder and president, but feel trapped in relationships with payroll service companies whose affiliated or favored plan service providers they feel compelled to use.

The TriCore offerings are a full suite of human resources, payroll and employee benefits administration services that complement MIRA’s offerings, Fried says. The program will initially be rolled out exclusively through MIRA’s broker/adviser partner network. 

According to James Holland, director of business development for MIRA, the partnership brings together some of the best minds and technologies in human capital management offerings. “It is not a one-size-fits-all approach,” Holland says.

MIRA is located in Charlotte, North Carolina. TriCore is in Princeton, New Jersey.

For more information, visit or contact James Holland at or 704-743-3226.