A well-designed 401(k) plan helps medical practices attract and retain physicians, nurses, and staff. However, many Empower plans rely on outdated fund options or lack modern features. Benchmarking keeps your plan competitive in today’s healthcare labor market.
Holland Capital Management in Oak Grove, KY
The first thing to consider when looking to find a financial advisor in Oak Grove, KY: 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 Oak Grove, Kentucky
Oak Grove
Oak Grove is a home rule-class city adjacent to the Fort Campbell army base in Christian County, Kentucky, in the United States. The population was 7,931 as of the 2020 census, up from 7,489 as of the 2010 U. S. Census. It is part of the Clarksville, Tennessee metropolitan area.
The Problem
Fund menus might not feature the cheapest or most diverse choices.- Features like Roth contributions, auto-enrollment, or profit-sharing might not be included.
- Outdated design lowers employee satisfaction and hampers recruitment efforts.
Why Benchmarking Matters
- Benchmarking assesses how your plan’s design and features compare to peer medical practices.
- Shows that your benefit package is competitive in attracting and retaining talent.
- Identifies opportunities to enhance staff outcomes without disrupting the current process. recordkeeper relationship.
How Holland Capital Helps
- Independent review of your Empower plan’s design, features, and investment options.
- Recommendations to enhance employee satisfaction and increase retention.
- Focused on practical improvements that add value for both physicians and staff.
Our Fiduciary Advantage
Holland Capital Management, led by M. Chad Holland, CFA®, CFP®, is an independent fiduciary advisory firm. We help medical practices offer competitive retirement benefits while fulfilling fiduciary duties.
Schedule a free Empower 401(k) plan quality review for your medical practice.
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Location
Oak Grove, KY - 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
+Why does plan quality matter?
Competitive retirement benefits help attract and retain skilled staff.
+Do plan improvements require changing recordkeepers?
Not necessarily. Many enhancements can be made within the existing Empower framework.
+What features do staff value most?
Roth contributions, diversified funds, auto-enrollment, and transparent fee structures are becoming more important.