Company fees

PDC Clients pay a base fee for general services incurred by all plans and then pay supplemental fees as other services occur throughout the year.

Supplemental Services

Preparation of Form 5500 extension $250
Late data submission fee $300

If Company submits data more than 6 months after the end of the Plan Year
Late submission of salary deferrals $300

Assistance to submit interest amounts to Record keeper for late submission of salary deferrals
Profit Sharing allocation using allocation groups $500

Profit Sharing allocation using allocation groups (cross-tested) - involves special non-discrimination testing
Each additional "cross tested" allocation illustration run $250

Requested by Company for different budget
Each additional "non-cross tested" allocation illustration run $150

Requested by Company for different budget - 1sr regular PS allocation included in base fee
Calculation and communication of the return of salary deferrals $500

To cure a failed ADP test (or calculation of QNEC or QMAC)
Multiple Employer Plan $750

Supplemental testing for each additional adopting employer
Election to utilize a Top Paid Group $300
Preparation of each Projected ADP test mid-year $500
Consultation with consultant or administrator regarding possible change of design of plan $150

Up to one hour of discussion or work - billable charge whether change in allocation method made or not
Each interim minor amendment required by the IRS $250

Or amendment to change Trustees
Amendment required by Company $300

Including preparation of SMM or revised SPD
Preparation of IRS Form 8955-SSA $250

For terminated participants not paid out by end of the following Plan Year
Annual "True-up" of any employer contributions $350

Where contributions are calculated on an annual basis but deposits are made throughout the year
If the Plan needs a CPA audit $750

We must assist the CPA in multiple areas - minimum fee for services, additional fees may apply depending on complexity
Base fee for Self-Directed Brokerage Accounts (SDBA) $500

If held outside of regular Record keeper platform
Per Self Directed Brokerage Account (SDBA) $100

Due to necessary annual Trust Accounting
Per payroll batching of salary deferral contributions $750

Or any other deposits to SDBA
Pooled Assets base fee for Trust Accounting $450

Minimum fee
Assistance to Company relative to each QDRO $350

Review and processing minimum fee
If Company decides to move to another Recordkeeping vendor and terminates our services $950

Termination of service fee will be applied 100% of the time
Additional Administration work $250

Due to incorrect information provided by the client
Plans with dual eligibility for sources $350

Example: Deferral immediate entry, Employer One Year Wait
Preparation of "supplemental" Safe Harbor Notices $150

Or Quarterly Benefits Notices
All other services not enumerated hourly

They will be performed on an hourly fee basis