Menke and Associates

our services

dotfinancial services
dotlegal services
dotadministrative services
dotemployee communication
dotESOPs and philanthropy
dotinvestment banking
dotESOP Services and Fees

about esopsarrow spacer servicesarrow spacer our firmarrow spacer tombstonesarrow spacer contact usarrow
spacer esop services
ESOP Services and Fees


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.

back to top

HOME | ABOUT ESOPs | OUR SERVICES | OUR FIRM

TOMBSTONES | CONTACT US