FEE SCHEDULE

EFFECTIVE DECEMBER 1, 2010

 

PLAN DESIGN AND INSTALLATION OF DOCUMENT FEES

         

Prototype Document                                                                              $650 + $15 per participant

Volume Submitter (New Comparability & Age Weighted)               $1100 + $20 per participant

One Person 401(K)                                                                                  $0 / Only Admin Fee

 

Fees include the following services:

Plan Document Preparation

Summary Plan Descriptions for each eligible employee

Copies of Plan Document and Summary Plan Description for client

 

BASIC ANNUAL ADMINISTRATION FEES

One Person 401(k) Plan*                                                                                $500*

 *Once an employee becomes eligible participant, 401(k) fees listed below will be used               

Profit Sharing Basic Annual Administration Fee                                       $650 + $45 per participant

401(k) Basic Annual Administration Fee                                                     $925 + $45 per participant

Age Weighted Basic Annual Administration Fee                                     $925 + $45 per participant

Class Allocation Basic Annual Administration Fee                                  $1150 + $45 per participant

  (Additional Fee of $100 if a 401(k) is added)

 

Fees include the following services:

Calculation of maximum employer contribution

Allocation break down of employer contribution

Ensure plan is within compliance per current laws and regulations

Preparation of IRS Form 5500 reports including all schedules

Individual Participant Benefit Statements

Summary Annual Report for each participant

Detailed employer and employee reports

Bound report to be sent to employer that includes the above information

Maintenance of computer records of current and prior years administration

 

SPECIAL SERVICE FEES

Plan Amendments                           $250 minimum                        Plan Takeover Fee                                 $250 minimum

Loan Setup                                       $80 per loan                           Terminee 1099s                                       $60 each                 

Life insurance policies                    $10 per policy per yr            Loan Maintenance                                 $60                         

Self Directed Accounts                  $80 each per yr                      ROTH Accounts                                    $15 each

Individually Allocated Accounts $15 each per yr                      Unallocated Accounts                          $25 each per yr

Trust Accounting                           $70 per hour                           Final 5500 and distribution                   $500

Termination of plan                         $2500                                      Research                                                  $100 per hour

5500 Extension                                 $100                                        Rush Fee                                                  25% of annual fee

Rollover Accounts                          $200                                            (rush fee is applicable when year end data is received in our office

                                                                                                                 later than 45 days from the plan's extended 5500 deadline

 

TERMS OF PAYMENT-All Design and Installation Fees are due when the documents are completed.

Basic Annual Administration Fee is due the last day of each plan year.  The Special Service Fees are due at the completion of the work.