Kicking off the 2011 fi360 Conference in San Antonio, Texas, on Thursday, fi360 CEO Blaine Aikin and AdvisorOne Wealth Editor-in-Chief Kate McBride presented the winner of the fi360 Fiduciary Article Competition, Michael Montgomery, with his prize.
Montgomery won the year-long competition with his article, "Multiple Employer Plans as a Fiduciary Risk Mitigation Tool." In his article, Montgomery discusses the origin of MEPs and how they have evolved to serve a much larger potential group of companies and participants.
As the managing principal of Montgomery Retirement Plan Advisors, Inc., in Tampa, Fla., Montgomery is a consultant to retirement plan sponsors. The firm has earned the CEFEX certification from the Centre for Fiduciary Excellence.
Montgomery’s firm offers a multiple employer plan (MEP) called “The Platinum 401-k” program to mid-sized firms. MEPs provide some of the benefits of larger retirement plans, for example scale and cost advantages. Montgomery serves as ERISA 3(38) investment manager to The Platinum 401k Multiple Employer Plan.