Low Fee 401k.com
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What Will It Cost? Plan Administration: One time set up and installation..................................................................$1,000 Record keeping and administration.............$1,500 per year for first 30 employees, $30 per .............................................................employee per year above first 30. Custody Services for plans >$1,000,000............................6 bps (.06%) of plan assets Toll free access to service rep during normal business hours ..........................Included Performance reports from Morningstar .......................................................Included Daily valuation and trading ........................................................................Included 24/7 web access to account information....................................................Included Optional automatic re balancing ................................................................Included .PDF participant statements electronically transmitted to plan sponsor.............Included Optional Services Loan Origination.............................................................................................$50 Loan Maintenance Fee....................................................................................$50 Participant Statements mailed directly to participant.......$1.50 per statement per mailing New Comparability/Cross Tested Plans..................................................$500 per year Distributions...................................................................................................$50 Plan Investment Services One time set up and installation...................................................................$1,000 Investment Selection and Monitoring........25 bps (.25%) of plan assets, $1,000/yr minimum Risk based asset allocation portfolio selection and monitoring ...........................Included Quarterly Reports for plan sponsor in .PDF format ..........................................Included Quarterly email newsletter for participants ....................................................Included Plan Investment Expenses The expenses of the investment options within the low fee 401k will vary. We will help you choose investment options that combine low expenses, performance, and investment objective to meet the needs of your participants. Any 12b-1 fees received by the plan administrator are rebated to the plan. Any third party transfer fees received by the plan administrator are rebated to the plan. There are no commissions, sales charges, contingent deferred sales charges, or dealer concessions. Net weighted expense ratios of the mutual funds currently recommended for inclusion in our asset allocation portfolios (as of 1-2-2010) range from 73 bps (.73%) to 95 bps (.95%) depending on the share class the plan qualifies for based on plan assets. Request a Proposal |