Sponsors of Empower 401(k) plans carry fiduciary obligations under ERISA. Recordkeepers do not assume these duties. Some employers hire a third‑party 3(38) investment fiduciary to manage investments; this can shift certain responsibilities, but sponsors still must oversee fees, prudence, and process. A fiduciary review helps protect the organization and its plan committee.
Holland Capital Management in Martinez, GA
The first thing to consider when looking to find a financial advisor in Martinez, GA: 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 Martinez, Georgia
Martinez
Martinez ( MARTIN-EZ) is an unincorporated community and census-designated place (CDP) in Columbia County, Georgia, United States. It is a northwestern suburb of Augusta and is part of the Augusta, Georgia metropolitan area. The population was 34,535 at the 2020 census. Martinez is located in eastern Columbia County at 33°30′58″N 82°6′0″W (33.
The Problem
Fiduciary responsibility rests with the sponsor, not the recordkeeper.- Third‑party 3(38) arrangements can reduce direct responsibilities but do not eliminate oversight duties.
- Without documentation, sponsors remain exposed to fiduciary breach claims.
Why Benchmarking Matters
- ERISA requires ongoing monitoring of fees, investments, and services.
- Benchmarking creates a documented process evidencing diligence.
- Supports risk management and committee governance.
How Holland Capital Helps
- Independent fiduciary benchmarking for Empower plans.
- Peer comparisons across cost, investments, and services.
- Practical steps to fortify governance without disrupting operations.
Our Fiduciary Advantage
Holland Capital Management, led by M. Chad Holland, CFA®, CFP®, is an independent fiduciary advisory firm. We provide objective oversight to protect plan sponsors and strengthen retirement outcomes.
Schedule a no‑cost Empower 401(k) fiduciary risk review.
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Location
Martinez, GA - 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
+Does the recordkeeper act as a fiduciary?
No. Recordkeepers provide administration and technology; sponsors retain fiduciary responsibility.
+ What does a fiduciary review cover?
Fees, investment lineup, and service arrangements benchmarked against peers with a documented process.
+If we hire a 3(38), are we off the hook?
A 3(38) can assume discretionary investment duties, but sponsors must still select and monitor that provider and oversee overall plan prudence.