For medical practices, a competitive 401(k) plan is essential for attracting and keeping top talent. However, many practices discover that their John Hancock plans have high fees and outdated fund choices. These expenses affect staff retirement outcomes and pose fiduciary risks for physicians and owners. A benchmarking review offers the clarity and protection you need.
Holland Capital Management in Coral Springs, FL
The first thing to consider when looking to find a financial advisor in Coral Springs, FL: 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 Coral Springs, Florida
Coral Springs
Coral Springs is a city in Broward County, Florida, United States. The city is located approximately 20 miles (32 km) northwest of Fort Lauderdale. As of the 2020 U. S. Census, the city had a population of 134,394. It is a principal city of the Miami metropolitan area in South Florida, which was home to an estimated 6,012,331 people at the 2015 census.
The Problem
Many practices utilize John Hancock 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 reduce 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 John Hancock 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 John Hancock 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 John Hancock 401(k) benchmarking review for your medical practice.
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Location
Coral Springs, FL - 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 responsible for paying excessive fees?
Yes, as plan fiduciaries, practice owners can be held accountable. Benchmarking helps establish a defensible process.