NASHVILLE, Tenn., April 27, 2011 /PRNewswire/ -- Millennium Brokerage Group ("MBG") today announced the launch of Physicians 401k, a Multiple Employer Plan (MEP) designed specifically for physicians and their practices. Physicians 401k plan provides a number of advantages and efficiencies not available in standalone or individual employer plans. As a MEP, Physicians 401k plan reduces a physician's fiduciary liability, lowers their administrative fees, and provides top rated investment options at significantly lower costs. As plan sponsor, MBG has selected and partnered with the following best of breed accredited service providers, ASPire Financial Services (Recordkeeper), TD Ameritrade (Custodian and Directed Trustee), Schneider Downs Wealth Management Advisors, LP (Investment Advisor), DWC ERISA Consultants, LLC (Third Party Administrator), and Taylor Financial Corporation (Plan Sponsor Advisor) to offer physicians a retirement plan tailored to their specific needs.
Delivered to physicians through a powerful technology platform, Physicians 401k provides participants a comprehensive online user experience that blends reliability, simplicity, and integrity. The platform features, RetireTrac(k), an innovative and easy to use tool that allows participants to manage investment information and customize a strategy to reach their financial goals.
"We are excited about offering physicians an industry revolutionizing retirement plan," said William Lyons Zelenik, CEO of MBG. Mr. Zelenik went on to say, "In terms of economic significance and impact the Physicians 401k will give physicians a better opportunity to reach their retirement goals."
Jeffery A. Acheson, Partner and Managing Director of Schneider Downs Wealth Management Advisors, the plan's investment advisors, said, "The Physicians 401k has assembled a dynamic service provider team that is committed to delivering an integrated business model focused exclusively on helping physicians and their employees achieve successful outcomes with their retirement planning."
For more information visit the Physicians 401k website, www.physicians401k.net
Founded in 1998, Millennium Brokerage Group is a leading provider of planning, insurance, and financial services solutions. Millennium has operations with offices delivering advanced underwriting and planning services through advisors, banks, broker dealers, financial professionals, and family offices nationwide. Please visit www.mbgnow.com for more information.
Formed in 2002 and based in Tampa, Fla., ASPire Financial Services is a leading provider of recordkeeping services and technology to the retirement industry in the U.S. and Puerto Rico, with more than $3.7 billion of plan assets, approximately 125,000 participants and 5,700 retirement plans. With over 100 employees and offices in Tampa, St. Petersburg, Fla., and Denver, the company's current product offering includes 401(k), 403(b) and 457 and IRAs. Please visit www.aspirefinserv.com for more information.
Schneider Downs Wealth Management Advisors, LP (SDWMA) is a registered investment advisor with the Securities and Exchange Commission and specializes in providing independent and unbiased advice to qualified retirement plan sponsors and participants, institutions and high-net worth individuals. SDWMA is a sister company to Schneider Downs & Co., Inc. which was founded in 1956, has offices in Columbus OH and Pittsburgh PA and ranks as one of the 50 largest accounting and business advisory firms in the country. Please visit www.sdwealthmanagement.com for more information.
DWC ERISA Consultants, LLC was founded in 1999 and has grown to provide employee benefit consulting services to nearly 700 clients nationwide. Our team includes 11 consultants in six cities across the country, averaging more than 15 years of industry experience. DWC's goal is to build relationships with our clients and their team of advisors to provide a holistic view of their benefit programs that encompasses not only the benefits themselves but also the legal, tax, human resources and other financial considerations that may arise. We communicate in a way that is easy for all to understand. For more information about DWC and our team, please visit our website at www.dwcconsultants.com.
Founded in 1975, Taylor Financial Corporation is a proven leader in the financial services industry. Located in Nashville TN, Taylor Financial is part of the three Taylor Companies and services clients nationwide in retirement planning, insurance services, and wealth management. As an independent firm, Taylor has the unique capability to focus on offering our clients personalized solutions to meet their individual needs. For more information about Taylor Financial Corporation, please visit our website at www.taylorcos.com.
SOURCE Millennium Brokerage Group