Annual Fees Common To All Plans
Trust Accounting
$300 per plan plus $150 per additional brokerage account reconciled.
Includes a rate of return calculation
Form 5500, 5500-EZ, or 5500-SF and all Schedules
$1,000 for the 5500-EZ or SF, $2,000 for the full 5500 + $400 for per required schedule (i.e. SB, R, I, H, C, 8955-SSA, etc.)
It will be prepared, signed as 3(16) Plan Administrator, and filed online
Census Reconciliation
$300 + $10 per participant + $5 per ineligible employee + $50 per data inconsistency. $50 per employee if data is not provided in a spreadsheet
To ensure all participants are captured and tracked correctly.
Annual Fees Common To Defined Benefit and Cash Balance Plans
Actuarial Valuation
$1,125 + $60 per participant up to 100 + $30 per participant over 100.
Includes instructions of what exactly needs to be done and 1 hour annual meeting to discuss the results.
Annual Fees Common To Defined Contribution Plans
DC Plan Valuation
$1,125 + $60 per participant up to 100 + $30 per participant over 100.
Includes instructions of what needs to be done and a 1 hour annual meeting to discuss the results
Owner-Only DC Plan Annual Work
$1,050 + $150 per participant.
Includes 5500 EZ when necessary and instructions of what needs to be done and a 1 hour annual meeting to discuss the results
Annual Fees Common To Plans With Employees Other Than Owners
Nondiscrimination Testing
$600 plus $50 per participant up to 100 + $25 per participant over 100.
401(a)(4), 410(b), and 401(a)(26) testing includes a recommendation of profit sharing allocations and a free projection of next year’s contribution assuming the status quo for employment status and compensation
Participant Statements
$300 plus $20 per participant up to 100 plus $10 per participant over 100.
To be prepared on our letterhead or yours
Other Annual Fees That Depend On The Type Of Plan
ADP or ACP Testing for 401(k) Plans
$600 + $30 per participant up to 100 + $15 per participant over 100.
Includes a recommendation of profit sharing allocations and a free projection of next year’s contribution assuming the status quo for employment status and compensation
Annual PBGC Filing on MyPAA for some Defined Benefit or Cash Balance Plans
$500
Filing will be ready to file online and includes Annual Funding Notice
Preparation of Notices or Election Forms, i.e. Annual Safe Harbor, QDIA, Automatic Enrollment, Quarterly Notices, etc.
$300
Includes all 4 quarters if required quarterly or annual if only required once a year
ASC 960 Report
$1,000
Instead of a full FAS Actuarial Valuation, if your auditor only needs the ASC 960 numbers
Deadline Fees
Instead of charging rush fees or charging for the Form 5558 extension, a fee of $500 or $1,000 will apply depending on the confirmation of deposit
A fee of $500 will apply if all information including confirmation of deposit isn’t received by the last day of the 6th month after the end of the plan year or $1,000 if all information including confirmation of deposit isn’t received by the last day of the 8th month after the end of the plan year
Non-Recurring Fees For All Plans
Plan Documents
$3,500 for DC, CB, and DB plan sponsors with rank-and-file employees, $2,500 for CB and DB plan sponsors without rank-and-file employees, and $1,500 for owner-only DC plan documents.
Includes SPD, trust, and all actions for initial plan documents and restatements that are not on a document previously prepared by Cash Balance Actuaries
Restated Plan Documents and Interim Amendments
$1,750 for DC, CB, and DB plan sponsors with rank-and-file employees, $1,250 for plan sponsors without rank-and-file employees, and $750 for owner-only DC plan documents.
Once your plan uses a document prepared by Cash Balance Actuaries, restatements are half of the original fee
Projected or Updated Contribution Calculation
50% of the fee for the actual calculation
If you'd like to see other projected scenarios based on updated information
Plan Amendments
$500 for discretionary amendments requested by the client or required to pass a failed test.
Includes SMM, 204(h) notices and all actions
1099R
$130 per form
Completed form mailed directly to the participant
Form 5330 Filing
$500 + $250 for each transaction reported.
Includes calculation of excise taxes
Form 6088
$750 + $25 per participant up to the number required which is usually not more than 25 unless the plan is underfunded.
Required for 5310 filings
Distribution and Loan Packages
$500 for a loan, $200 for a DC distribution, $250 for a CB or DB force out distribution, $300 for a CB or DB distribution to a non-highly compensated employee, and $500 for a CB or DB distribution to a HCE plus $150 for distribution instructions.
Includes all disclosures and paperwork but does not include government reporting such as 945s, 1099Rs, 1096s, etc.
Attend Meetings or Additional Consulting
Hourly charges apply and are as follows; Actuary - $400/hour, Actuarial Associate - $300/hour, Support Staff - $200/hour
As long as we are qualified to consult on your special project, we are happy to do so
Non-Recurring Fees For Defined Benefit and Cash Balance Plans Only
Additional AFTAP or Range Certification
$500
Additional AFTAP or Range Certification – In addition to the AFTAP certification provided with our actuarial valuation we can provide an earlier certification if requested prior to having all of the information to do a final certification
IRS Form 5310 or PBGC Form 10 Filing
Hourly charges apply
The size and complexity of these forms varies substantially depending on the reportable event
PBGC Forms REP-S, EA-S, 500, and 501
$2,500 + $40 per participant up to 100 plus $20 per participant over 100.
All of these forms are for the PBGC plan termination process and will be filed when due
