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Summary of Fees

  • Advisory Fee: Advisors may establish their own asset or flat based management fee. Fees are charged against the participant’s account quarterly and withdrawn from the investments based on the average daily balance, then from cash, if necessary. Fees due to the Investment Firm/Agency are paid quarterly via ACH payment.
  • Administrative Fee: A variable fee will be deducted from the account balance based on plan size. (NOTE: If enrolling employer groups, this fee may be paid in full, or in part, by the employer.)
  • Custodial Fee: 6.25 basis points per quarter (i.e., $0.625 per $1,000 every three months) or 25 basis points per year (i.e., $2.50 per $1,000 every year). Fees are withdrawn from the investments based on the average daily balance, then from cash, if necessary.
Transactional Fees
Withdrawals via paper check $10
Excess contribution correction $25
Non-sufficient funds (NSF) $30
Transaction correction $25
Wire transfer (sent or received) $25
Duplicate copy of tax document $4
Transfer/rollover to another custodian $25
Account closure $25
Debit Card Fees (if applicable)
Replace lost or stolen debit card $12
Additional charge (per card) for three or more debit cards $6
Stop payment $25
Copy of debit card merchant receipt $25
Terminate debit card access $25

Interest Schedule

There is no minimum balance required to open an account or obtain the annual percentage yield disclosed. Interest is credited monthly and based on the balance in your cash/debit card account. The interest rate available on your account is as follows.

Balance Interest Rate
$25,000 or more 0.50%
$15,000 – $24,999.99 0.40%
$10,000 – $14,999.99 0.30%
$5,000 – $9,999.99 0.20%
$2,500 – $4,999.99 0.10%
$0 – $2,499.99 0.05%