I. Schedule of Fees
A. Annual Report: Prepare Annual Return/Report (5500 series), including
all schedules: . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500
B. Participant Recordkeeping Services:
Allocate contributions, forfeitures, dividends, and other gains and losses,
and prepare individual participant statements. Fee is based on a charge per
participant equal to:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . First 100 Participants - $30.00
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . Next 400 Participants - $20.00
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . Next 500 Participants - $13.00
. . . . . . . . . . . . . . . . . . . . . . . . . Each
Additional Participants: $ 7.00
For purposes of this fee schedule, the term participant means an individual
who is eligible to participate in the plan, or who has an account balance.
C. Miscellaneous Fees:
Trust Accounting: Manual Data Entry or Trust Accounting (in excess
of 4 hours per period): . . . . . . . . . . . . . . . .
. . . . . . . . . . . $70.00/hr.
Distributions: Leveraged Share Release, Distribution Or Diversification
Processing/Calculation (off cycle): $30.00 per occurrence
Additional Services:
Loan Setup - If the plan contains a loan provision, individual fees
will be charged to process the loan application, verify the amount available,
produce the amortization schedule, and other necessary paper required to
initiate the loan. The loan fee may be charged to the participant.
The processing charge per loan is: . . . . . . . . . .
. . . . . . . . . $75.00
Loan Maintenance - The annual charge per loan is: . . . . . $50.00
Required Minimum 70-½ Distribution Calculation: $30.00 per occurrence
IRS Forms 1096 & 1099-R Preparation:
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . First 25 - $20.00 each
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . Next 100 - $10.00 each
. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . Over 125 - $ 6.00 each
Plan Consulting - Includes correction of failed compliance tests,
controlled and affiliated service group calculations, and special consulting
projects at the request of the plan sponsor billed at the rate of: . . .
. . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . $120.00 per hour
Legal Consulting - Consulting by in-house legal staff, billed at the
rate of: . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . $240.00 per hour
Aggregate §415 Testing - If the Company also has a 401(k) Plan,
verify that the combined annual additions do not exceed the §415 limits:
. . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . $120.00 per hour
IRS/CPA Audit Assistance: $120.00 per hour ($240.00 minimum)
Costs - Costs advanced for, printing, photocopy, travel, delivery,
outside services, etc: . . . . . . . . . . . . . . . . . .
. . . . . . . . Cost Amount
II. Additional Plans
Separate plans (Money Purchase, Stock Bonus, and Profit Sharing Plans) and
separate accounts attributable to a replaced or amended prior plan will be
billed at fifty percent (50%) of the above schedule.
III. Other Optional Services
Any services which are optional or which are not specifically contemplated
in this fee schedule (such as special employee communications, special projective
studies, special programming, etc.) which are either requested by the client
or necessary in order to complete administration will be billed on a time
and expense basis.
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