As a fiduciary financial advisor in Wilmington, Holland Capital gives owners of established companies an independent fiduciary review of the company’s 401(k), then helps them build a plan for their own savings. We work with clients in Wilmington by video and phone, and meet in person by appointment at Common Desk in downtown Wilmington.
A second opinion on the plan you already have.
Wilmington is a port city on the Cape Fear River with about 127,000 people.
Your company may have offered a 401(k) for years. It was set up by a payroll company, a recordkeeper or an advisor, and it has run in the background since.
If no one independent has looked at it lately, you may not know what it costs, whether the funds are still reasonable, or what your own duties are as the plan sponsor.
What a Fiduciary Review Covers
A review starts with what the plan pays. The plan’s main service providers must tell the plan in writing what they are paid. Whoever is responsible for the plan must review those costs and decide whether they are reasonable for the services provided.
Next come the funds. We look at each option on the menu, what it costs and how it has been monitored. We also check whether the plan has a written process for choosing and replacing funds, and whether anyone is following it.
Our guide on plan sponsor fiduciary blind spots covers common gaps.
Who Is Responsible for What
Every 401(k) has at least one named fiduciary. In a smaller company, the owner often holds that role or makes the decisions that come with it. Some advisors give investment advice while you keep the final decision. Others are hired to make the investment decisions for the plan, and you still choose and monitor them.
These two roles have different names under federal law, and the difference matters when something goes wrong. Our guide on 3(21) versus 3(38) fiduciary services explains each one.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
The Plan and the Owner
The company plan is also one of your own savings tools. A review should show whether the owners are saving as much as the plan allows, and whether a different design would let them save more.
Your savings outside the plan, your taxes and the value of the business all belong in the same picture. The company plan is one part of your personal plan, not a separate project.
At Holland Capital, investment management for an owner starts with how much of the household already depends on the business.
How We Work with Clients in Wilmington
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
Bring the most recent fee statement from your service providers, the fund list, the plan document or summary, the latest Form 5500 and a summary of how many employees take part.
We give you a written review of costs, funds and fiduciary roles, with the changes we would make and why.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Holland Capital is based in Charlotte. If you are looking for a fiduciary financial advisor in Wilmington, we meet by appointment at Common Desk at 226 North Front Street in downtown Wilmington, and handle shorter check-ins by video or phone. Holland Capital does not maintain a branch office in Wilmington.
We work with clients throughout North Carolina. You can see the other North Carolina communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
Does Adding an Advisor to Our 401(k) Raise the Cost?
Not always. In some plans, an advisor is already paid through the plan or its funds. A review shows what you pay today and what services you receive for it.
Our guide on whether adding a 401(k) advisor costs extra walks through the math.
Why a Fiduciary Financial Advisor for a Company Plan?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. For a company plan, that means advice given in the interest of the plan and the people saving in it.
Before you decide on any service, we explain how we would be paid for it.
Where Would We Meet in Wilmington?
At Common Desk on North Front Street downtown, by appointment. Meeting at your company’s office works too.
Follow-up reviews work well by video or phone.
Photo: Idawriter / Wikimedia Commons / CC BY-SA 3.0, cropped.
