401(k) provider source list

Transcription

1 401kBrokers.com & 401kAdministrators.com Advanced Benefits Consulting / / Trustees select eligibility requirements. / / Our Solo 401k plans have: $0 setup fee, $0 loan fees, $0 termination fees. Only.25% annual administrative fee. We prepare plan tax returns at no additional cost. No hidden fees: We receive $0 in sub-transfer agency fees. We receive $0 in 12(b)(1) fees. We receive $0 in placement fees. For Company 401k plans, our only fee is.25% annually plus a $1,000 annual flat fee. We charge no setup fees or termination fees and receive no revenue sharing from asset custodians. Upon request. ROTH after-tax contributions / / Minimum age 18 / cross testing safe harbor Age weighted / Vary depending on number of participants and complexity of plan As soon as administratively feasible iance Benefit Group Inc / / We offer a prototype Plan Document therefore Plan Sponsors may elect the eligibility requirements that best suit their employee demographics. / / Quoted on a per plan basis, fees are based on average account balance Within 8 days of request, Roth 401(k) iance Pension Consultants / / Flexible / / Loans are available Various, quoted based on plan specifications and parameters 64 Benefits Selling October 2008 BenefitsSellingMag.com

2 American United Life Insurance Co except New York / / vary by plan document. / / Fees vary by product. Ascensus , we provide ERISA defined contribution corporate retirement plans. /, based on the plan administrator directions. / Quarterly participant statements are produced. Statements can also be generated anytime via the participant and plan sponsor web sites. are determined by the plan document. We can consolidate plan assets based on the direction of the plan administrator. /. / Based on the plan document, Ascensus can process and recordkeep loans for plan participants. Fees are dependent on the plan size and product chosen.., if allowed by the plan document., if permitted by the plan document.. Assurity Advisors Inc / / Flexible / / Varies Belanger and Co. Inc. company.com / / Custom designed / / $1,850 plus $10 per participant (set up) $150 per participant per year plus $750 (IRS FORM 5500 PACKAGE) billed monthly As needed No At any time via their on line page BenefitsSellingMag.com October 2008 Benefits Selling 65

3 Benefit Consultants Inc x22 BenefitStreet Inc Alabama, Florida, Georgia, Mississippi and Tennessee / / differ, sponsor to sponsor. / / Fees vary based on Asset circumstance These rules are statutory to some degree and or subject to plan designs that vary based on sponsor input. Participants can make changes 24 hours a day 7 days a week to their mix of available inventments. Updates are made once. Pay a small fee to an investment manager to have discretion and manage the account. Fee ranges from 75 basis points annually to 1.25% of account balance annually. Frequency of deferral changes are determined by the plan sponsor at the creation of the plan. / / / / $450 set-up $500 conversion processed Century Benefits Consulting Inc no/ / As determined by the employer. Must have at least one employee or owner/employee. We work with the employer to determine the best options for their particular situation. / We offer the ability for an employer to taylor the contribution to meet their specific needs. / These are dependent upon the exact contribution and investment options selected by the employer. Within 24 hour of receipt of all completed paperwork., for an additional fee. Charles Schwab / / No minimum requirements reviewed on a case-by-case basis / / Each plan is priced on a case-by-case basis 66 Benefits Selling October 2008 BenefitsSellingMag.com

4 CPI Qualified Plan Consultants Inc x765 / /. At the plan sponsor's discretion. / / Vary based on program selected. Access Corp / /, quarterly. Vary by plan design. / / $85 loan set-up fee $50 annual maintenance fee Checks are issued, once cash is available. Vary by plan design. Participants have 24/7 access to their accounts and can make unlimited changes to investment elections.. EBS Benefit Solutions Inc No-we are strictly an Administrator/ No-we are strictly an Administrator / Individual(solo 401k's), small, mid and large plan servicing No-we are strictly an Administrator / / Will depend on product plan TPA support or "open mutual fund architecture" full-service valuation On-demand -depends on plan document Employee Benefit Systems Inc ) As designed / / As designed As designed / As designed / As designed $1,000 Setup. On-going $900 plus $30 per Eligible As designed As designed As designed As designed 68 Benefits Selling October 2008 BenefitsSellingMag.com

5 Entrust New Direction IRA Inc Colorado, Hawaii, Montana and Wyoming / / IRS requirements for plan eligility. The plan is self-directed. / / If selected as an option by the employer. Varies based on assets. Set up and first plan year. $350. Annual fee $300 plus investment costs preparation available via third party at additional cost if requested. Upon request. No. Except for ROTH Component where the plan has adopted the Roth 401K option. The account is entirely self-directed. Fees for transaction apply. Depending on investment choices. ExpertPlan We provide for 401(k)rollovers/ / - We provide participant account statements Determined by the employer / / Determined by the employer Determined by the the type of plan Set-up $75 - $750. Annual recordkeeping fee$75 - $750. Annual participant fee $0 - $36 depending on plan assests. Subject to terms of plan document. Subject to terms of plan document. FutureBenefits of America Not sure what you are asking/ Not sure what you are asking / Open to Sponsor Not sure what you are asking / / $1200 setup $1000 base fee $35 per participant with balance 25 basis points. Covers all expenses Great-West Retirement Services / /. For plans with $0.00 to $24,999,999 in plan assets, the minimum number of participants is five. For plans with $25 million or more in plan assets, the minimum number of participants is 100. / /. Our system has the capability to determine acceptable reasons for loans and minimum loan amounts as determined by Internal Revenue Codes and plan sponsor specifications. Participants are charged a loan origination fee for all new loans and an annual maintenance fee for the life of each loan. Distribution requests are processed and checks are mailed within two business days. We process all financial transactions on a sameday policy.. We do not impose any limits on transfers between investment options. Limits are set by the plan sponsor or by the investment companies selected by the plan sponsor. If the plan does not impose limits, participants can transfer between investment options.. 70 Benefits Selling October 2008 BenefitsSellingMag.com

6 Guardian Insurance & Annuity Co. Inc., The / / Plan Sponsor decides in plan document. / / Full Service Only Setup - $750 start-up, $1250 conversion Admin - # Part./Basic Fee/Per Part Fee 1/$300/$0 2-20/$1250/$ /$1350/$15 51+/$1600/$10, if included in the plan document. Currently on website in account access, not yet on statement Harbor Insurance Marketing except New York / / Employer discretion / / Varies based on size of the plan Participant's choice ING / / Minimum of $50K in First Year Assets / / Depends on total asset level, number of participants, and/or whether there is a TPA involved. Requests can be pricessed subject to contract provisions and excessive trading policy Insurance Designers of Houston/Elite Marketing Group except Alaska, District of Columbia and Hawaii / / life insurance license / / no vary by size of the account monthly no twice a month 72 Benefits Selling October 2008 BenefitsSellingMag.com

7 Iron Corporate Retirement Services / / no plan specific / / no varies depending on plan size and number of participants weekly/within 30 days no depends on platform Lafayette Life Insurance Co., The except Alaska and New York / / Eligibility is driven by employer objectives / / If plan document allows One participant $250 others $1,000 Upon request ROTH ONLY done quarterly Lincoln Financial Group / / start up plans to $500 million all DC plans are serviced / / varies MassMutual Financial Group grow.com / / We are in all market segments and support all plan eligibility options. / / Pricing varies and depends upon plan size and complexity. Continuously 74 Benefits Selling October 2008 BenefitsSellingMag.com

8 Mercer We allow rollovers into and out of 401(k) plans and through our partnership with Wealth Management Systems, Inc.. We simplify the process of opening rollovers and IRA s with leading providers. / / None / /, per the specific plan rules. Varies by plan. Milberg Consulting x101 No / / any and all available under present law / / $1,750 - $3,500 to establish; $2,000 - $5,000 ongoing as needed based on selected investment vendor based on selected investment vendor Mutual of Omaha Retirement Services SALE (7253) / / are defined at the plan level by the plan sponsor and are listed in the plan document. / / Set-up and administrative fees vary based on plan size. On a basis After-tax contributions are an option in the plan documents. The quarterly participant statements include a personal rate of return. Newport Group, The / / We offer complete flexibiity within the rules of section 401(k). / / Price is determined by plan and based on participants and assets, funds selcted by advisor, etc. On a basis..., provided on statements as well as participant website. 78 Benefits Selling October 2008 BenefitsSellingMag.com

9 Ohio National Financial Services Online 401(k), The except Alaska, Hawaii and New York / / Determined by each Plan / / $375 & $675 (Roth). Our plans are designed to allow rollovers for participants./. We provide a one-stop solution for our small business clients and their participants. /, on demand via our site 24/7. No specific requirement. We provide a flexible plan document to meet the needs of our clients. Our document consulting services are included in our quarterly fees.. / We provide a discretionary employer match and profit sharing in each plan document. /. This is a provision that our plan sponsors have the discretion to add at no additional cost. We offer retirement solutions with setup fees ranging from $0 to $495. We process these as soon as administratively feasible. In general, this can take two to three weeks.. We provide Roth contributions in each plan per the plan sponsor s discretion. Participants are allowed to make changes to their investments at any time 24/7. The personal rate of return for participants is calculated on our site automatically and presented via our site at all times. Paychex Inc Principal Financial Group Conversion plans as well as direct rollovers into their employer sponsored 401(k). / / The client can select from immediate entry with no age requirement to the maximum allowable under IRS regulations. /, we allow for both pre-tax and Roth 401(k) contributions. Additionally, we allow for numerous types of employer contributions with great flexibility as to how and when the client wishes to fund these contributions. / The fees for 401(k) plans can start as low as $95 per month and $5 per participant for our smallest clients. From there, they can vary upward depending on the payroll and investment platform chosen., through Roth 401(k) Contributions, the personal rate of return is listed on the employees quarterly statement. Additionally the participant can see their personal rate of return on a basis through the dedicated participant web site. / / no restrictions on asset size. / / Varies by plan size on-demand,, or per plan provisions 1 change per business day or based on plan provisions. Investment restrictions may apply for certain investment options. 82 Benefits Selling October 2008 BenefitsSellingMag.com

10 Putnam Investments / / Varies we offer both customized plan design solutions, as well as standardized safe harbor products. / / Varies Startup plans start at $250 setup, and $500/year in administration. Takeover plans vary on plan size, complexity, features., Roth feature available at no additional charge. Revzon Consulting Group, The / / Selected by sponsor / / Varies Determined by plan specifications, but as often as monthly Monthly, but there is an additional charge Securian Financial Group Inc. com except New York / /, quarterly Vary / / Vary Standard, The / / Minimum $250,000 in assets; no other restrictions. / / No Varies Flexible schedules to meet the needs of the customer As often as they wish.

11 Sterling Trust Co , option 5 / / None / / 401k base fee is $1250 for up to 20 participants; $1500 if 20 or more participants. Includes 5500 filing and up to 15 fund choices. Lots of features available. Up to plan sponsor., if plan sponsor elects to allow.. Not a personal ROR, but the investment ROR is provided for each investment held. Symetra Life Insurance Co / / Varies by plan / / (per plan document stipulations) None for the product. Symetra partners with Third Party Administrators to provide plan administration., upon request or on a pre-determined schedule Unrestricted. Using online account access the participant can use our tool to calculate their personal rate of return for any 12-month period. TGA The Green Agency / / Adivsory agreement, brochure, plan cost disclosure, privacy form, plan census Omnius, self-direct, bundled and unbundled plans. / / $900 bundled plan less than 100 participants Generally annual, upon request Depends on plan type. Transamerica Retirement Services , we provide plans that accept rollover assets/ / Minimum of $50K first year flow / /, Transamerica plans permit the Employer to allow for participant loans There are no set up fees. Plan pricing varies by size. Monthly or on request 90 Benefits Selling October 2008 BenefitsSellingMag.com

12 Unified Trust Co / / These vary according to plans. / / Fees vary depending on the level of service provided. See our website for specific fee schedules. Distributions are issued as soon as administratively feasible.... Wells Fargo Bank Institutional Trust Services solutions /. / Per plan design as selected by the plan sponsor. Newly hired employee data is received by Wells Fargo via the payroll file. Wells Fargo calculates the eligibility date.. / / Loans to employees based on TEFRA, other regulations, and their plan restrictions. Typically a set-up fee only of $75. Request for loans and distributions are processed, payment is disbursed within two business days of request.. Our recordkeeping system categorizes after-tax contributions as a separate source. Pre- 87 and post- 86 accounts are tracked separately along with the after-tax contribution basis for each..