For medical practices, a competitive 401(k) plan is essential for attracting and keeping top talent. However, many practices discover that their Empower plans have high fees and outdated investment options. These costs affect staff retirement results and expose physicians and owners to fiduciary risk. Conducting a benchmarking review offers the clarity and protection you need.
Holland Capital Management in Thompson's Station, TN
The first thing to consider when looking to find a financial advisor in Thompson's Station, TN: 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 Thompson's Station, Tennessee
Thompson's Station
Thompson's Station is a town in Williamson County, Tennessee. The population has grown from 2,194 at the 2010 Census to 7,485 in the 2020 Census. Locations in Thompson's Station listed on the U. S. National Register of Historic Places include the Jacob Critz House and the Thomas L.
The Problem
- Many practices rely on Empower through payroll or advisor relationships without fully understanding the true costs.- - Fees can be concealed in revenue-sharing agreements, high-cost fund share classes, or administrative fees.
- - These hidden costs decrease participant balances and increase fiduciary risk for the plan sponsor.
Why Benchmarking Matters
Physicians and practice owners acting as fiduciaries must guarantee that plan fees are reasonable. Benchmarking compares your Empower plan to peer practices, supporting a defensible fiduciary process. Litigation has demonstrated that even small and mid-sized practices can be held responsible for excessive fees.
How Holland Capital Helps
- Independent, fiduciary-first benchmarking of your Empower plan.
- Analysis includes fees, fund lineup, and provider arrangements.
- Clear, actionable recommendations that enhance 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 provide objective oversight designed to protect plan sponsors and enhance retirement outcomes.
Schedule a free Empower 401(k) benchmarking review for your medical practice.
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Location
Thompson's Station, TN - 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.