Mrs401k.com
Mrs401k Fees

Our Fees:

All of our 401k plans have:

  • $0 Setup fees
  • $0 Loan fees (Borrow up to 50% of your account balance from any brokerage house, investment account or asset custodian)
  • $0 Plan amendment fees
  • $0 Tax return preparation and filing fees (IRS Forms 5500 & 1099R).
  • $0 Termination fees

Pooled Employer 401k Plan:

  • 1/4th of one percent (.25%) of total plan assets annual administrative fee paid by the employee directly from their investment account.
  • This is the latest development in how 401k plans are provided
  • Easiest and least expensive 401k solution for all companies
  • Open to unrelated companies to join one 401k Plan
  • Participants have direct access to self-directed brokerage accounts at TD Ameritrade™
  • Investment choices include thousands of stocks, bonds, mutual funds, index funds, target date retirement funds and exchange traded funds on all major exchanges
  • We serve as the Plan Administrator and 3(16) Plan Fiduciary
  • No fees or costs to the employer
  • Employers may, but are not required to, make matching contributions
  • Employees may make both ROTH and Pre-tax salary deferral contributions
  • No per participant fees
  • No minimum fees
  • No other administrative fees
  • We are the first company in the country to register with the U.S. Department of Labor as pooled employer 401k plan provider

Solo or Individual 401k Plans:

  • 1/4th of one percent (.25%) of total plan assets annual administrative fee (with a minimum annual fee of $100 per participant)
  • Participants have direct access to self-directed brokerage accounts at TD Ameritrade™, Vanguard™, Fidelity™, Schwab™, Wells Fargo™, LPL™ or other brokerage of their choice
  • Employers may make matching and profit sharing contributions
  • Employees may make both ROTH and Pre-tax salary deferral contributions
  • Administrative fees are typically paid by the company from outside of plan assets as a deductible business expense. Payments made by credit card also incur a modest merchant billing fee of 2.45% (of the amount owed) plus 25 cents per transaction. Payment made by bank draft do not incur this billing fee
  • No other administrative fees

Custom drafted Company 401k Plans:

  • Your own 401k plan customized for your company
  • Annual flat fee equal to $1,000. (prorated at $250 per quarter)
  • 1/4th of one percent (.25%) of total plan assets annual administrative fee
  • Choose your vesting and eligibility criteria, retirement age, in-service distributions, loans and hardship withdrawals, etc.
  • Participants have direct access to self-directed brokerage accounts at TD Ameritrade™, Vanguard™, Fidelity™, Schwab™, Wells Fargo™, LPL™ or other brokerage of their choice
  • Employers may make matching and profit sharing contributions
  • Employees may make both ROTH and Pre-tax salary deferral contributions
  • Administrative fees are typically paid by the company from outside of plan assets as a deductible business expense. Payments made by credit card also incur a modest merchant billing fee of 2.45% (of the amount owed) plus 25 cents per transaction. Payment made by bank draft do not incur this billing fee
  • No per participant fees
  • No minimum fees
  • No other administrative fees

No hidden fees:

  • All of our administrative fees may be paid directly by the Employer outside of plan assets as a deductible business expense. We automatically and electronically debit the Employer's bank account or charge a credit card for our fees on a quarterly basis.
  • Administrative fees paid directly by the Employer outside of plan assets are a deductible business expense.
  • The Plan Trustee/Fiduciary may also debit the employee participant's account for payment of our administrative fees.
  • The custodian of assets charges separate transaction fees which are disclosed and assessed to the participant's account and mutual funds incur expense ratios. We neither set nor get any of these fees.
  • We receive $0 in sub-transfer agency fees.
  • We receive $0 in 12(b)(1) fees.
  • We receive $0 in placement fees (i.e. marketing fees, finders fees etc.)

Participants may invest in stocks, bonds and options and thousands of mutual funds. Many mutual funds have:

  • No broker's commission
  • No front loads
  • No back-end loads
  • No redemption fees
  • No 12(b)(1) fees

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 participating employee. The 401k plan sponsor (the employer) may choose to have the employee investment accounts charged for administrative fees or have the employer pay the administrative fees. Our administrative fees can be paid automatically and electronically by the employer from outside of plan assets or by the participating employee from their investment account. In either case our fee is the same, namely 25 basis points (1/4th of one percent) annually on plan assets ($25 per ten thousand annually). Our annual fees are pro-rated by quarter, assessed quarterly in arrears and subject to change by 401kAdministrators.com upon written notice to the sponsoring employer and participating employees at least 3 months in advance.