 |
Miscellaneous Fees
IRA Account Setup & Maintenance Fees
All IRA accounts are opened at Entrust Administration and they provide two fee options to suit the needs of different types of investors. All fees are collected by Entrust Administration. When selecting an option, please check only one box on your Entrust Enrollment Form.
Account Setup fee: $50
Annual Recordkeeping fee:
Option One: Fees based on Number of Assets
- $250 per asset, per year, fee is paid when the asset is acquired.
- For example:
- An account holding one asset = $250 per year
- An account holding six or more assets = $1,500 per year
or
Option Two: Fees based on Asset Value of Account
| If your account value is between |
Multiply by |
| $0 - $20,000 |
0.0085 |
| $20,001 - $80,000 |
0.0065 |
| $80,001 - $180,000 |
0.0055 |
| $180,001 - $300,000 |
0.0045 |
| $300,001 - $500,000 |
0.0035 |
| $500,001 and up |
0.0030 |
| Fees can range between $125 and 1,850 per year, based on account asset value, the maximum fee is $1,850 per year. |
Annual record-keeping fees are prepaid from your account and are not prorated when an account closes. Entrust can divide your annual fee into four quarters and will send you fee advices representing your quarterly record-keeping charges. You may pay the amount shown on the advice, and those funds will be restored to your account. If there are insufficient funds in your account, Entrust may liquidate other assets to pay for such fees in accordance with disclosures provided to you in your Plan and Trust.
In accordance with your account application, this fee disclosure is part of your agreement with the administrator and must accompany your application. If a signed fee disclosure is not received with your application, your fee option will default to "value of assets." Fees are subject to change on 30-day written notice.
|
Misc. Fees