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 However, many practices find that their Ascensus plans have high fees and outdated fund options.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 Winston-Salem, NC
The first thing to consider when looking to find a financial advisor in Winston-Salem, NC: 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 Winston-Salem, North Carolina
Winston-Salem
Winston-Salem is a city in Forsyth County, North Carolina, United States, and its county seat. At the 2020 census, the population was 249,545, making it the fifth-most populous city in North Carolina and the 91st-most populous city in the United States. The population of the Winston-Salem metropolitan area was estimated to be 695,630 in 2023.
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.
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Location
Winston-Salem, NC - Hours
Monday - 9am-5pm
Tuesday - 9am-5pm
Wednesday - 9am-5pm
Thursday - 9am-5pm
Friday - 9am-5pm - Phone/Fax
P | 877-733-9435
F | (980) 500-1531 - Email Us
chad@hollandcapitalgroup.com
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.