A well-designed 401(k) plan helps medical practices attract and retain physicians, nurses, and staff. However, many Principal plans rely on outdated fund options or lack modern features.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 Boiling Springs, SC
The first thing to consider when looking to find a financial advisor in Boiling Springs, 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 Boiling Springs, South Carolina
Boiling Springs
Boiling Springs is a census-designated place (CDP) in Spartanburg County, South Carolina, United States. The population was 8,219 at the 2010 census. The area became known as Boiling Springs because of a small spring in its heart that, up until the land was commercially developed, actually appeared as if it were boiling and would sometimes shoot water 6 feet (1.
The Problem
Fund menus may not include the lowest-cost or most diverse options.- Plan features such as Roth contributions, auto-enrollment, or profit-sharing might be absent.
- Outdated design reduces employee satisfaction and hampers recruitment efforts.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 is competitive in attracting and retaining talent.
- Identifies opportunities to improve staff outcomes without disrupting the current recordkeeper relationship.
How Holland Capital Helps
- Independent review of your Principal plan’s design, features, and investment options.
- Recommendations to improve employee satisfaction and increase retention.
- Focused on practical enhancements 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 maintaining fiduciary duties.
Schedule a free review of your medical practice's Principal 401(k) plan quality.
-
Location
Boiling Springs, 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 Principal framework.
+What features do staff value most?
Roth contributions, diversified funds, auto-enrollment, and transparent fee structures are becoming increasingly important.