A well-designed 401(k) plan helps medical practices attract and keep physicians, nurses, and staff. However, many John Hancock plans rely on outdated fund options or lack modern features. Benchmarking ensures your plan stays competitive in today’s healthcare labor market.
Holland Capital Management in Duncan, SC
The first thing to consider when looking to find a financial advisor in Duncan, SC: 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 Duncan, South Carolina
Duncan
Duncan is a town in Spartanburg County, South Carolina, United States. Its population was 3,181 at the 2010 census. In 1811, a post office was established on what is now S. C. Highway 290. A tiny settlement sprung up around it, and both the post office and community were named New Hope.
The Problem
Fund menus may not include the lowest-cost or most diverse options.- Plan features like Roth contributions, auto-enrollment, or profit-sharing might be missing.
- Outdated design decreases employee satisfaction and hampers recruitment efforts.
Why Benchmarking Matters
- Benchmarking compares your plan’s design and features to those of peer medical practices.
- Demonstrates that your benefit package is competitive in attracting and retaining talent.
- Identifies opportunities to enhance staff outcomes without disrupting the current recordkeeper relationship.
How Holland Capital Helps
- Independent review of your John Hancock plan’s design, features, and investment options.
- Recommendations to increase employee satisfaction and improve retention.
- Emphasizes practical improvements that benefit both physicians and staff.
Our Fiduciary Advantage
Holland Capital Management, led by M. Chad Holland, CFA®, CFP®, is an independent fiduciary advisory firm. We assist medical practices in offering competitive retirement benefits while maintaining fiduciary responsibilities.
Schedule a free John Hancock 401(k) plan quality review for your medical practice.
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Location
Duncan, SC - 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 current John Hancock framework.
+What features do staff value most?
Roth contributions, diversified funds, auto-enrollment, and transparent fee structures are becoming increasingly important.