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Fee Schedule

Fee Schedule

Initial

$400     Conversion and take-over of existing plan (1-9 active participants)
$750     Conversion and take-over of existing plan (10 or more active participants)
$1200     Documentation and Implementation of 401(k), 403(b), and Profit Sharing Plan


Ongoing

           PLAN:
$165     Monthly base administration fee for a 401(k) Profit Sharing Plan or 403(b)
$115      Monthly base administration fee for a Profit Sharing or Money Purchase Plan

           PARTICIPANT:
$3        Monthly participant fee per active account 401(k), ESOP or 403(b)
$2        Monthly participant fee per active account Profit Sharing Plan or Money Purchase Pension Plan

Optional

$10       Monthly fee for 401(k) Safe Harbor feature
$30       Monthly fee for New Comparability contribution allocation
$10       Monthly fee for personal brokerage account (per account)

Miscellaneous (if applicable)

$350/yr     Large Plan Form 5500 preparation and related schedules
$150/yr     Life Insurance in plan
$75          Hourly rate for electronic data manipulation
$30          Hourly rate for data entry

$70          Participant distribution/hardship withdrawal/refund fee
$70          Participant loan origination fee
$50          Participant loan maintenance fee ($50 per year of loan repayment)
$25          Vesting Certification

$125         Qualifying a Domestic Relations Order (QDRO)

$40          IRS Form 1099R and Form 6847
$60          IRS Form 1096 or 945
$200/hr:
      • Correction of reports, tests, or forms based on incorrect census from client
      • Failed compliance test corrections
      • Mid-year or other additional ADP/ACP test
      • Audit support (IRS, DOL and large plan Schedule H)
      • Plan amendments
      • IRS determination letter submissions
      • Plan termination
      • Preparation of IRS Form 5330
      • Calculation of alternate form of benefit
      • One Person 401(k) Plan Implementation, Plan Documents and ongoing Administration



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  P 505.243.7222
F 505.243.5959
  Abacus Retirement Solutions, LLC
400 Gold Ave SW Suite 1060

 
  T 888.505.4015   Albuquerque, NM 87102