For medical practices, a competitive 401(k) plan is essential for attracting and keeping top talent. However, many practices discover their Principal plans have high fees and outdated fund choices. These costs affect staff retirement results and put physicians and owners at fiduciary risk. A benchmarking review offers the clarity and protection you need.
Holland Capital Management in Isle of Palms, SC
The first thing to consider when looking to find a financial advisor in Isle of Palms, 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 Isle of Palms, South Carolina
Isle of Palms
Isle of Palms is a city in Charleston County, South Carolina, United States. At the 2010 census, the population was 4,133. Isle of Palms is a barrier island on the South Carolina coast. The city is included within the Charleston-North Charleston-Summerville metropolitan area and the Charleston-North Charleston Urbanized Area.
The Problem
Many practices employ Principal through payroll or advisor relationships without fully understanding the actual costs.- Fees may be concealed within 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 acting as fiduciaries must ensure that plan fees are reasonable.
- Benchmarking compares your Principal plan against peer practices, establishing a defensible fiduciary process.
- Litigation has clarified: even small and mid-sized practices can be held liable for excessive fees.
How Holland Capital Helps
- Independent, fiduciary-first benchmarking of your Principal plan.
- Analysis covers 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 improve retirement outcomes.
Schedule a free Principal 401(k) benchmarking review for your medical practice.
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Location
Isle of Palms, 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
+Do I need to change recordkeepers?
No, there are many improvements that can be made within your current plan.
+How long does a benchmarking review take?
Typically 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 establish a defensible process.