Principal 401(k) Fiduciary Risk in Roswell, GA (Plan Review)

Sponsors of Principal 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 specific 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 Roswell, GA

The first thing to consider when looking to find a financial advisor in Roswell, 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 Roswell, Georgia

Roswell

Roswell is a city in northern Fulton County, Georgia, United States. At the official 2020 census, the city had a population of 92,883, making Roswell the state's ninth largest city. A suburb of Atlanta, Roswell has an affluent historic district. In 1830, while on a trip to northern Georgia, Roswell King passed through the area of what is now Roswell and observed the great potential for building a cotton mill along Vickery Creek.

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 Principal 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 Principal 401(k) fiduciary risk review.

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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.