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| The burgeoning regulations, complexity, numerous transaction costs, inefficient processes, and high-cost investment products, etc. have all created a sea of confusion within the 401k industry. PRO, Inc. provides a clear understanding of the cost and benefits of selecting the right retirement plan solution for your company. PRO has initiated a Fee Schedule with very conservative charges for its high-end and comprehensive pension consultancy services. Please review the PRO, Inc. Services & Fees listed below. Then, please contact us at Toll-Free: 1-877-241-6269, Direct: 1-312-373-9377 or e-mail us at for a Plan-specific Fee Proposal for your Plan or client. |
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| Please review and contact PRO, Inc. for the recommended Plan solution and Plan setup for your firm. |
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PRO Solo 401k Multiple-Fund-Family Plans
(Using Multiple - Fund Families) |
Setup
Fees:
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$50.00 |
Per Participant/per owner:
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$5.00 |
Annual Fees:
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$100.00 |
Per Participant /Owner
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$25.00 |
Loan Setup Fees/Per Loan:
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$25.00 |
Loan Annual Fees/Per Loan:
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$25.00 |
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The PRO Solo 401k Multiple-Fund-Family Plan is for 1-Person (or owners only) Firms without any employees.The Plan is ideal for Firms (Sole-P, Partnerships, Corporations, etc.) with ONLY owners. Owners/Partners and owner-spouses will be included in this Plan.
The low fee is ideal for "new or startup" Plans and Plans that want to transfer from other "Single & Multi-Family" or high-cost Solo 401k Plans. PRO has access to over 3500+ individual Funds within 200+
respected Fund Families, AITC SMART Funds, LifePath Funds, iShares, Collective
Investment Funds (CIF), Exchange Traded Funds (ETF). Please contact us for a
complete Fund List in addition to the sample Funds listed below .
An Individual 401k plan is a retirement plan suited
for owner-only businesses (including the self employed)
with no eligible common law employees. For many businesses,
an individual 401k plan offers the maximum in
flexibility. An individual 401k plan also ensures larger
contributions than traditional retirement plans.
Multiple-Fund-Family Plans give you the flexibility of investments, diversification, and asset allocation. |
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PRO 401k Plans
(Using Multiple - Fund Families) |
Setup
Fees:
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$500.00 |
Per
Participant Setup Fees: |
$5.00 |
Annual
Fees:
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$1,500.00 |
Per Participant Annual Fees: |
$25.00 |
Loan Setup
Fees/Per Loan:
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$25.00 |
Loan Annual
Fees/Per Loan:
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$25.00 |
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The PRO 401k Plan is for Firms with employees in addition to owners.The Plan is ideal for Firms (Sole-P, Partnerships, Corporations, etc.) with at least one (1) non-owner employee. All "eligible" employees, owners/partners and owner-spouses will be included in this Plan.
The low-competitive fee is ideal for any "new or startup" 401k Plan and existing Plans that want to transfer from a current high-cost Single-Fund or high-cost Multiple-Fund 401k Plan. The low cost and high value of the PRO 401k Plan makes it the perfect solution if you are in the market to transfer from a high-cost Insurance or Annuity 401k Plan.
The Plan uses a Multiple-Family of Mutual Funds from the attached list. Multiple-Fund-Family Plans give you the flexibility of investments, diversification, and asset allocation.
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Please review and choose from the attached Mutual Fund List available for your PRO Solo 401k Single-Fund-Family Plan, PRO Solo-k Multi-Fund-Family Plan, or PRO 401k Multi-Fund-Family Plan
If there is a Mutual Fund Family that is not on this list and you would like it to be included in your Plan, please contact PRO, Inc. and we will attempt to secure that Fund Family for your Plan.
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No additional incremental costs for contribution, research, calculations, etc. |
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No per hour charges for employee questions or internet/phone meetings, etc. |
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| MUTUAL FUND LIST |
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AIM |
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ALGER |
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ALLIANCE |
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AMERICAN |
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CALAMOS |
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COLUMBIA/LIBERTY |
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DODGE & COX |
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FEDERATED |
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FIRST EAGLE |
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JANUS |
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JENSEN |
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LORD ABBETT |
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MUNDER |
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OPPENHEIMER |
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PBHG |
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PIMCO |
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PIONEER |
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ROYCE |
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SCUDDER |
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SEI |
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STRONG |
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T. ROWE PRICE |
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THOMPSON, PLUMB |
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VANGUARD |
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VANKAMPEN |
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| PRO, Inc. Plan Services (Included in annual base fee) |
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Trustee Services [Non-Discretionary]; Hand Benefits and Trust will acts solely as a directed trustee of the trust fund and will not have discretion or authority regarding the investment of the trust |
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Design and Consultation Services for individual 401(k), Profit Sharing, and Rollover |
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Establishment of Investment Fund Accounts |
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Plan Enrollment Materials, Election & Beneficiary Forms |
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General Recordkeeping |
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Assistance in Determining Employee Eligibility for Plan Participation |
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Assistance in Determining IRC 404 Corporate Deduction Limits |
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Profit Sharing & Match Allocation |
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Annual Contribution Analysis |
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Comprehensive Compliance and Discrimination Testing |
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Quarterly Statements/Master Allocation Register |
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IRS Required Plan Amendments |
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Employee statements mailed to home address |
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401(k) Payroll Contribution Processing (Monthly / Bi-weekly /Semi-monthly) |
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Completed IRS Form 5500 and Related Schedules |
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Audit Assistance for Form 5500 |
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IRS and DOL Audit Assistance |
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IRS Form 5558 Completion [Form 5500 extension filing] |
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IRS Form 5330 Completion [Payment of excise taxes] |
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Internet and/or Phone Consultations with Plan Sponsor, Investment Professional and Participants |
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Limited consultations regarding legislative changes, plan enhancements or administrative alternatives Participant Loan Services |
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Includes calculation and maintenance of loans (per Plan Document). 5 Year Loan Term with Payroll loan payments. 15 Years Loan Term for purchase of primary residence. Loan Payments must be via payroll deductions. Loan Interest Rate is at Prime Rate. |
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| PRO, Inc. Internet Access
Services |
PRO, Inc. Plans |
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Included
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Included
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Special Services (Optional Services to be included only upon client request) |
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| PRO, Inc. Internet Access
Services |
PRO, Inc. Plans |
Participant Distribution Fee - Deducted from Participant/Sponsor/Employer Account |
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Includes IRS 945 filing, IRS
1099-R processing, federal tax withholding,
notification letters and forms and calculation
of vested benefits |
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$25 |
| QDRO (Qualified Domestic Relations Order) Determination and Processing-Deducted from Participant/Sponsor/Employer Account |
$25 |
| Individual Self-Directed Brokerage Account Reconciliation- Deducted from Participant Account |
$25 per Quarter per
Brokerage Acct. |
| Plan Enrollment Kit with Education Information - Deducted from Participant/Sponsor/Employer Account |
$5
per participant |
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| Additional Information |
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The proportionate annual participant Recordkeeping/TPA fee is calculated and billed quarterly and deducted from the Plan Trust Account, Participant Accounts, or billed to the Plan Sponsor. |
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Agreed fees for optional or extraordinary services are also billed to the Plan Trust Account, Participant Accounts, or billed to the Plan Sponsor. PRO Inc.'s acceptance as the Recordkeeper & TPA is contingent upon our review of the current plan document and procedures. |
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No additional incremental costs for contribution, research, calculations, etc. |
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No per hour charges for employee questions or internet/phone meetings, etc. |
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