Example 1
A Basic Safe Harbor 401k Plan with 5 participants and $250,000 plan asset total would cost:
Employer Fees:
1 – TPA flat fee: ~$1,750/yr.
2 – Individual fee for service items.Employee Fees:
1 – 0.7% rF + 0.1% TPA + 0.04% Custodian = 0.84%
2 – Avg fund management fee = 0.5%
3 – Total ~1.34%/yr.Example 2
A Safe Harbor, Profit Sharing 401k Plan with 55 participants and $2,500,000 plan assets:
Employer Fees:
1 – TPA flat fee: ~$2,000/yr.
2 – Individual fee for service items.Employee Fees:
1 – 0.60% rF + 0.1% TPA + 0.04% Custodian = 0.74%
2 – Avg fund management fee = 0.5%
3 – Total ~1.24%/yr.