Non-Traditional Asset and/or SDB* Setup & Implementation |
Initial & One Time | $250-$500 per investment, per participant, per asset or per SDB account | Setup & Investment of Non-Traditional Asset(s) and/or Self-Directed Brokerage Account(s) (“SDB”). Set up of asset/SDB in systems, valuation entry, source identification, participant allocation, pulling monies needed for investment, investment direction compliance, completing investment. Working with various parties to obtain and recordkeep ownership documents Retirement Plan must have proof of ownership & valuation. | The company will be invoiced all costs. |
Non-Traditional Asset and/or SDB* Administration & Recordkeeping |
Annual & Ongoing | $250-$500 per participant, per asset or per SDB account, per year | Service includes updated annual valuation in LRS systems, inclusion with annual retirement plan financial and valuation reporting, and Form 5500 reporting. Range is dependent on how often we transmit participant monies (if applicable) between the plan account and the investment(s). This quote includes transmission up to 1x year (please request custom quote if greater frequency is needed). Generally, a participant/accountholder will make their contribution at the beginning of the year and request that we initiate a single lump sum investment. | The company will be invoiced all costs. |
Non-Traditional Asset and/or SDB* Transacting |
As Needed | $250 Per investment &/or redemption | Administration & Compliance of subsequent investment(s), exchange, tender offers and/or redemptions in a Non-Traditional Asset held in the Plan, updated valuation and booking transaction. This includes Roth Conversions, distributions, dividends and In-Kind transfers/rollovers. | The company will be invoiced all costs. |
As Needed | $50-$150 per asset, per participant | Valuation update(s) in LRS systems, including for participant related distribution requests. | The company will be invoiced all costs. |
As Needed | $150 (min.) per asset, per participant | IRS Form 1099 and other government forms services. | The company will be invoiced all costs. |
Wire/ACH/Check | Hard costs will be assessed. | Request to wire/ach/check transmit monies out of the account. Typical stop payment cost will apply, if applicable. Hard costs are generally $20 per request, depending on custodial institution utilized. | The company will be invoiced all costs. |
Termination |
Termination Services | $150 Per asset, accountholder, one time | Termination of Services Costs specifically related to the non-traditional assets and/or SDB*. Transfer of Non-Traditional Assets, Recordkeeping/Records & Coordination with new provider(s). These costs do not include costs related to terminating your retirement plan or terminating retirement plan services, additional costs apply. | The company will be invoiced all costs. |