RETIREMENT PLANS
Retirement Rates
| DOCUMENT AND AMENDMENT SERVICES Please call for a quote for a Non-Standardized/Volume Submitter Document |
|
| Plan Setup (Add $150 for Takeover) | $150 |
| Standardized Prototype Document or Restatement | $450 |
| Restatement of Prototype Plan Documents | $400 |
| Plan Amendment / Regulatory Amendment | $100 |
| ANNUAL ADMINISTRATION & REPORTING SERVICES Annual administration includes financial reports, compliance testing, and 5500 tax forms. Please call for a quote for an Unallocated Administration (plans without individual source accounts). |
|
| BASIC ANNUAL (Base fee reduced for plans with fewer than 5 participants) | $700 |
| INDIVIDUAL SOURCE ACCOUNTS | $5 per account |
| PLAN DESIGN AND EXECUTION FEES | |
| Employer allocations including cross-tested, integrated, etc. | $50- $200 each |
| Quarterly Statements ($20 per participant statement) | $100 minimum |
| Additional Required Testing: Coverage Test / Failed Tests | $50 each |
| Additional Required Forms: 5558, 5330, SSA, Schedule H Filing | $50- $400 each |
| PLAN DISTRIBUTION FEES - ADDITIONAL PER EVENT Additional fees may apply for multiple investments and multiple loans. |
|
| Participant Distribution and Participant Loan Set Up | $75 |
| QDRO Distribution | $150 |
| ADDITIONAL WORK AT HOURLY RATE | |
| Examples include: wrong information received, information provided in an unusual format, additional attempts to collect information, mid-year valuation of loans and any additional required services not specifically listed above. | $50 per hour |
| REVENUE SHARING A number of investment companies pay our firm “revenue sharing”. Whenever revenue sharing is received, it is our policy to credit that to our clients. Clients with revenue sharing may find that some or all of the fees above are covered by this credit. |
|
| ON-GOING SUPPORT Same or next day response Estimated ADP upon request Participant Distributions and Loans Email: retirement@profben.com AND Web page: www.profben.com |
|
|
|