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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)
$750     401(k)/Profit Sharing Plan Implementation, Plan Document and Enrollment
$375     One Person 401(k) Plan Implementation and Plan Document
$750     403(b) Plan Implementation, Plan Document and Enrollment

Ongoing

           PLAN:
$145     Monthly base administration fee for a 401(k) Profit Sharing Plan or 403(b)
$95      Monthly base administration fee for a Profit Sharing or Money Purchase Plan
$200     ESOP (Employee Stock Ownership Plan) with or without 401(k) Feature

           PARTICIPANT:
$3        Monthly participant fee per active account 401(k), ESOP or 403(b)
$1        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)
$25   IRS Form 1099R and Form 6847
$35   IRS Form 1096 or 945
$35   Form 5558 Extension of Form 5500

$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



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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