Bundled
| Miscellaneous Fees - Plan Sponsor | |
|---|---|
| Paper participant welcome notices | $250/order + $20/kit |
| Payroll: Non-electronic payroll submission (frequency: M / bi-W / W) | $50 / $75 / $150 per qtr |
| Calculation of corrections or lost earnings* | $25 per pay period |
| ACH failure during contribution processing | $25 / ACH failure |
| New comparability profit sharing & cross testing | $250 / quarter (if included as a feature of your Plan - max of 2 illustrations.) |
| New comparability profit sharing hourly fee | $150 / hour (2-hour min. per illustration) |
| Profit sharing / new comparability catch up fee for prior plan year (See Additional Notes about Your Plan’s Fees) | $1,000 |
| Late audit opinion fee | $500 |
| Late submission fee for compliance testing | $150.00 per item submitted late |
| Corrective distribution fee | $100 |
| Voluntary plan amendments (See Additional Notes about Your Plan’s Fees) | $350 |
| Plan Document Maintenance Program (See Additional Notes about Your Plan’s Fees) | $20 / month |
| Required plan amendments for plans enrolled in Vestwell's Plan Document Maintenance Program (See Additional Notes about Your Plan’s Fees) | $0 |
| Required plan amendments for plans NOT enrolled in Vestwell's Plan Document Maintenance Program | $350 |
| Plan restatement fee for plans enrolled in Vestwell's Plan Document Maintenance Program (See Additional Notes about Your Plan’s Fees) | $0 |
| Plan restatement fee for plans NOT enrolled in Vestwell's Plan Document Maintenance Program | $1,750 |
| Compliance corrections from prior provider (see notes) | $350 / hr |
| Participant search | $40 / participant |
| Adding, removing, or changing a Third Party Administrator service provider engaged on a Plan | $500 |
| Plan deconversion or termination | $750 |
| Other Services (For example: complex plan terminations; re-adoptions; re-running of reports due to client error; audit assistance; special calculations for LLP, partnership and sole proprietorships) | $150 / hr |
Fees are charged to participant accounts for specific services, such as a distribution or loan request. Vestwell may pass certain fees on to the Covered Service Provider providing the specific service.
| Miscellaneous Fees - Plan Participant | |
|---|---|
| Paper quarterly statement | $5 / quarter |
| Wire or overnight check delivery | $40 |
| Check & ACH fees (copy, stop payment, reissue, return, insufficient funds) | $25 |
| Periodic installment loan repayments | $15 |
| ETF transaction fees | 2bp or less annually on all Plan assets under management for plans with a balance in ETF securities |
| Qualified domestic relations orders | $400 |
| Hardship, Separation of Service, and In-Service Participant Distributions | $125 |
| All Other Participant Distributions | $100 |
| Loan Origination | $175 |
| Loan Annual Maintenance | $75 |
| Disbursement of Balance for Terminated Plans | $125 |
| Disbursement of a residual balance | $15 |
| Permissive withdrawal (under automatic enrollment provisions) | $0 |
Flex
| Miscellaneous Fees - Plan Sponsor | |
|---|---|
| Paper participant welcome notices | $250/order + $20/kit |
| Payroll: Non-electronic payroll submission (frequency: M / bi-W / W) | $50 / $75 / $150 per qtr |
| Calculation of corrections or lost earnings* | $25 per pay period |
| New Comparability Profit Sharing & Cross Testing | See TPA Service Agreement |
| Additional Compliance Testing for Compensation Exclusions | See TPA Service Agreement |
| ACH Failure During Contribution Processing | $25 per ACH failure |
| Corrective distribution fee | $100 |
| Participant search | $40 / participant |
| Adding, removing or changing a Third-party administrator service provider engaged on a plan | $500 |
| Plan deconversion or termination | $750 |
| Other services ; re-adoptions; re-running of reports due to client error; audit assistance; special calculations for LLP, partnership and sole proprietorships)(For example: complex plan terminations (1hr min.) | $150 / hr for Vestwell's time - TPA may bill separately in addition to Vestwell |
Fees are charged to participant accounts for specific services, such as a distribution or loan request. Vestwell may pass certain fees on to the Covered Service Provider providing the specific service.
| Miscellaneous Fees - Plan Participant | |
|---|---|
| Paper quarterly statement | $5 / quarter |
| Wire or overnight check delivery | $40 |
| Check & ACH fees (copy, stop payment, reissue, return, insufficient funds) | $25 |
| Periodic installment loan repayments | $15 |
| ETF transaction fees | 2bp or less annually on all Plan assets under management for plans with a balance in ETF securities |
| Qualified domestic relations orders | $400 |
| Hardship, Separation of Service, and In-Service Participant Distributions | $125 |
| All Other Participant Distributions | $100 |
| Loan Origination | $175 |
| Loan Annual Maintenance | $75 |
| Disbursement of Balance for Terminated Plans | $125 |
| Disbursement of a residual balance | $15 |
| Permissive withdrawal (under automatic enrollment provisions) | $0 |
Non-Flex Unbundled
| Miscellaneous Fees - Plan Sponsor | |
|---|---|
| Paper participant welcome notices | $250/order + $20/kit |
| Payroll: Non-electronic payroll submission (frequency: M / bi-W / W) | $50 / $75 / $150 per qtr |
| Calculation of corrections or lost earnings* | $25 per pay period |
| ACH Failure During Contribution Processing | $25 per ACH failure |
| Integrated profit-sharing formula | TPA may bill separately |
| New comparability profit sharing hourly fee | TPA may bill separately |
| ADP / ACP failure fee | TPA may bill separately |
| Corrective distribution fee | $100 |
| Voluntary plan amendments (See Additional Notes about Your Plan’s Fees) | TPA may bill separately |
| Participant search | $40 / participant |
| Adding, removing, or changing a Third Party Administrator service provider engaged on a Plan | $500 |
| Plan deconversion or termination | $750 |
| Other Services ; re-adoptions; re-running of reports due to client error; audit assistance; special calculations for LLP, partnership and sole proprietorships)(For example: complex plan terminationsn(1hr min) | $150 / hr |
Fees are charged to participant accounts for specific services, such as a distribution or loan request. Vestwell may pass certain fees on to the Covered Service Provider providing the specific service.
| Miscellaneous Fees - Plan Participant | |
|---|---|
| Paper quarterly statement | $5 / quarter |
| Wire or overnight check delivery | $40 |
| Check & ACH fees (copy, stop payment, reissue, return, insufficient funds) | $25 |
| Periodic installment loan repayments | $15 |
| ETF transaction fees | 2bp or less annually on all Plan assets under management for plans with a balance in ETF securities |
| Qualified domestic relations orders | $400 |
| Hardship, Separation of Service, and In-Service Participant Distributions | $125 |
| All Other Participant Distributions | $100 |
| Loan Origination | $175 |
| Loan Annual Maintenance | $75 |
| Disbursement of Balance for Terminated Plans | $125 |
| Disbursement of a residual balance | $15 |
| Permissive withdrawal (under automatic enrollment provisions) | $0 |