ShareBuilder 401(k) Plans
Our goal is to provide straightforward, affordable pricing without any hidden charges.
To get a custom quote for your business,
click here.
PLAN4ONEowner-operated
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Assets
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One-time setup*
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Monthly Admin (per participant)
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Participant Asset Management Fee**
|
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$0 - $249,999
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$195
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0.75%
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$250,000 - $999,999
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No Charge
|
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0.75%
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$1M - $1.9M
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No Charge
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0.65%
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$2M - $4.9M
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No Charge
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0.55%
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$5M+
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No Charge
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0.45%
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PLAN4TEN2 – 10 employees
Safe Harbor
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Assets
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One-time setup*
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Monthly Admin (employees)
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Participant Asset Management Fee**
|
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$0 - $999,999
|
$495
|
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0.75%
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$1M - $1.9M
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$375
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0.65%
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$2M - $4.9M
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$250
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0.55%
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$5M+
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No Charge
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0.45%
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PLAN4MOST2+ employees
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Assets
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One-time setup*
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Monthly Admin (employees)
|
Participant Asset Management Fee**
|
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$0 - $999,999
|
$995
|
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0.75%
|
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$1M - $1.9M
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$750
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0.65%
|
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$2M - $4.9M
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$500
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0.55%
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$5M+
|
No Charge
|
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No Charge
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No Charge
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No Charge
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0.45%
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How Automatic Price Discounts Work
ShareBuilder 401k wants to ensure your plan always delivers great value not only
in features and services, but also in price. As your company's total plan assets
exceed a pricing tier shown above for a calendar quarter (based on an average of
the daily balance), we automatically lower your administration and asset management
fee for the next quarter and on-going. The reverse is also true. If for some reason
employees, markets, or other events drop your average asset balance for your company
plan below your current level, your administration and asset fee are adjusted up
for the next quarter. All pricing is on a go-forward basis and is not retroactive.
ShareBuilder offers full-service 401(k) plans. Should you require custom or non-standard
services, those charges are listed below for your convenience. This also includes
infrequent services.
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owner-operated
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2–10 employees
Safe Harbor
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2+ employees
|
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Participant Costs
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DistributionsThe benefit paid to a
plan participant. / Withdrawls
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$50/event
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$50/event
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$50/event
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Loans
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$75/loan
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$75/loan
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$75/loan
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Required minimum distribtion
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$100
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$100
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$100
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Reissue of a check
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$25
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$25
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$25
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Stop payment of a check
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$31
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$31
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$31
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Plan Sponsor Costs
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In the event of an Automatic Clearing House (ACH) circumstance that
results in a failed transaction. The ACH system is used to transfer plan contributions
and administrative fees electronically from the bank account provided.
Automated Clearing House (ACH) notice of change
due to client error or non-sufficient funds
|
$50
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$50
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$50
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A letter issued by the IRS indicating that a retirement plan meets
the form requirements for qualification. PAi utilizes a prototype document which
has already been pre-approved by the IRS. Determination
letter filing
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$500
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$500
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$500
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IRS submission fee for the determination letter
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$1,000
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$1,000
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$1,000
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An audit is an IRS examination of an individual or corporation's tax
return, to verify its accuracy. If an audit is requested by the Department of Labor
(DOL) or the Internal Revenue Service (IRS), this fee is associated with the assistance
required by PAi. DOL or IRS audits
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$600 base, plus $100/hour over 6 hours
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$600 base, plus $100/hour over 6 hours
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$600 base, plus $100/hour over 6 hours
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Additional fees would apply for requests that are not part of our
standard services. We would communicate an estimate of the amount of the fee before
we would initiate the activity. Custom requests
and extraordinary services
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$75/hour
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$75/hour
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$75/hour
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Fee applies when the previously approved Form 5500 has already been
filed with the Employee Benefits Security Administration (EBSA) and changes are
necessary for correction. Amended Form 5500
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$100
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$100
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$100
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If the granting of additional time is necessary in filing of the Form
5500. Federal filing extension
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$100
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$100
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$100
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Client notices errant information reported on the Form 5500 prior
to filing with the EBSA (caused by misinformation provided to PAi) or wants an additional
copy for records.Federal filing correction
/ reprint (Form 5500)
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$25/$35 overnight
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$25/$35 overnight
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$25/$35 overnight
|
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A change in the terms to the Plan Document detailing the provisions
of the plan (participation requirements, vesting, payment options, loan options,
Roth provision, etc.)Plan amendment
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$100 unless otherwise noted
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$100 unless otherwise noted
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$100 unless otherwise noted
|
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The movement of one product to another.Plan migrations
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$250
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$250
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$250
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All of the work that is necessary for when a plan is permanently discontinued.Plan terminations
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$125
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$600 base, plus $50/participant
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$600 base, plus $50/participant
|
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All of the work that is necessary to transfer a 401(k) plan from the
existing provider to a new 401(k) provider.Plan transfers
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$100
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$500
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$500
|
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Plan As retirement plan regulations change, the IRS will mandate restatements
when the importance and number of these addendums become significant. These typically
have occurred every 5 - 10 years. A 401k Plan restatement is the process where PAi,
or any third party administrator, revises all Plan documents to incorporate all
new IRS regulatory additions of retirement plans.
Restatement required by IRS due to regulation changes (infrequent)
|
Fee will vary based upon requirements mandated by the IRS. The last restatement
price was $100.
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Fee will vary based upon requirements mandated by the IRS. The last restatement
price was $400.
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Fee will vary based upon requirements mandated by the IRS. The last restatement
price was $400.
|
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In the event of death, disability or retirement of an employee, this
fee is paid by the Employer. All other forms of distribution are paid by the employee.Distribution Benefits for death, disability
or retirement
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$50
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$50
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$50
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