All of our 401k plans have:
Solo or Individual 401k Plans: 401kAdministrators.com receives an annual fee equal to 1/4th of one percent of the total account value annually (25 basis points) (with a minimum fee of $25 per quarter, per participant regardless of account size).
Company 401k Plans (Companies with at least one non-spouse, non-owner W2 employee over age 21 who works more than 1,000 hours a year). 401kAdministrators.com receives an annual fee equal to $1,000 plus one-quarter of one percent (1/4th of one percent or 25 basis points) of the total plan assets. We have no per participant fees or minimum fees with Company 401k Plans.
No hidden fees:
Participants may invest in stocks, bonds and options and thousands of mutual funds. Many mutual funds have:
401kAdministrators.com does not set or get any commissions, fees or revenue sharing of any sort from the asset custodian(s) of the 401k plan. Any and all fees incurred with the asset custodian, including but not limited to transaction fees, account maintenance fees, custodial account fees, expense ratios and commissions are the sole responsibility of the customer. 401kAdministrators.com does not have any authority or control over the assets in the plan and may not withdraw any plan assets to pay our fees or for any other reason. We do not charge plan assets for any administrative fees. Our administrative fees are paid automatically and electronically by the employer from outside of plan assets. Our annual fees are pro-rated by quarter, assessed quarterly in arrears and subject to change by 401kAdministrators.com upon written notice to the Customer at least 3 months in advance.