Pricing

Defined Benefit or Cash Balance Plan Fees

Group plan fees (any DB plan that has non-owner participants):

• Plan Set Up = $1,890
• Base Annual Administration Fee = $2,650
• Participant Fee = $200

Other services and fees (as applicable):

• Pension Benefit Guaranty Corporation (PBGC) filing = $375
• Employee distributions = $275 per termination
• Plan amendments starting at $400
• Plan termination services = $1,500 (no IRS submission)
• Plan termination services = $2,500 (with IRS submission)
• Prior service adjustments = $250

401(k) Plan Fees (Owner Only)

Other services and fees (as applicable):

• Employee distributions = $275 per termination
• Safe Harbor or traditional 401k starts at $850 (contact us for pricing)
• Plan termination services = $490

All plans include the following (as applicable):

Defined Benefit Plan Fee Schedule

How to determine plan pricing:

• Make sure a define benefit plan is right for you. This is an important decision, so make sure that a DB or cash balance plan is something you can commit to.
• Add a 401k plan with profit sharing. You may already have a solo 401k plan. If not, it might make sense to add one.
• Decide on plan customizations. You might want to add your spouse or include prior year service. We can help you make the right decision.
• Consider annual administration fees. Administration fees will typically include actuary cost and can add up quickly. Make sure you defined these fees upfront.
• Make sure fees are documented. The fee schedule should be defined in the engagement letter. Be carefully if they are not clearly documented.

*For plans with more than 10 employees or with insurance, please contact us for pricing. Control group and additional consulting fees may apply. Prices reflect minimum amounts and higher rates can apply depending on situation.*