Ascensus 401(k) Benchmarking for Medical Practices: Exposing Hidden Fees in Garden City, SC

For medical practices, a competitive 401(k) plan is crucial for attracting and retaining top talent. However, many practices find that their Ascensus plans have high fees and outdated fund options. These costs impact staff retirement outcomes and put physicians and owners at fiduciary risk. A benchmarking review provides the clarity and protection you need.

Holland Capital Management in Garden City, SC

The first thing to consider when looking to find a financial advisor in Garden City, SC: who are the team members? That’s critical since your financial well-being requires a lot more than just portfolio management. Along with attention to investments, you will likely need other services.

M. Chad Holland CFA, CFP®

About Garden City, South Carolina

Garden City

Garden City, sometimes known as Garden City Beach, is a census-designated place (CDP) in Horry County, South Carolina, United States. The population was 9,209 at the 2010 census. Garden City Beach is located directly south of Surfside Beach. The developed part of the beach extends south beyond the limits of the Garden City CDP, into Georgetown County, and ends on a peninsula at the mouth of Murrells Inlet.

The Problem

Many practices use Ascensus through payroll or advisor relationships without fully understanding the actual costs.
Fees may be embedded in revenue-sharing arrangements, high-cost fund share classes, or administrative charges.
These hidden costs decrease participant balances and increase fiduciary risk for the plan sponsor.

Why Benchmarking Matters

Physicians and practice owners serving as fiduciaries must ensure that plan fees are reasonable.
Benchmarking compares your Ascensus plan against peer practices, providing a defensible fiduciary process.
Litigation has made it clear: even small and mid-sized practices can be held liable for excessive fees.

How Holland Capital Helps

Independent, fiduciary-first benchmarking of your Ascensus plan.
Analysis covers fees, fund lineup, and provider arrangements.
Clear, actionable recommendations that improve your plan without causing unnecessary disruption.

Our Fiduciary Advantage

Holland Capital Management, led by M. Chad Holland, CFA®, CFP®, is an independent fiduciary advisory firm. We offer objective oversight aimed at protecting plan sponsors and enhancing retirement results.

Schedule a free Ascensus 401(k) benchmarking review for your medical practice.

Schedule a Call

Frequently Asked Questions

+Do I need to change recordkeepers?

No, many improvements can be made within your current plan.

+ How long does a benchmarking review take?

Usually 2–3 weeks, depending on the availability of plan documents.

+Am I personally liable for excessive fees?

Yes, as plan fiduciaries, practice owners can be held responsible. Benchmarking helps create a defensible process.