Keeping it affordable...
As an advocate to the participant, EZ 403b is watchful of he expense incurred with the operation of retirement plan benefits and share the concerns of Plan Sponsors regarding costs.
We have created a simple and flexible fee model outlined below.
As an advocate for the participant, EZ 403b is mindful that plan expenses directly reduce the benefits available for each participant at retirement. If the participant chooses our 403(b) FundSourceSM program, the system is designed so that each participant will know all the expenses connected with his/her plan account. While we have provided the ability through the (b)ridgeSM feature to track the activities of other service providers, expense detail from those accounts may be less available.
We have created a simple and flexible fee model outlined below.
Participant Account Fee
EZ 403b charges a per Participant account fee of $10 per quarter. This fee is charged to the Participant or may be elected to be paid by the Plan Sponsor.
Investment Fees
Investment fees are determined by which approved investment option the participant elects to use.
403(b) FundSourceSM is the built-in mutual fund investing platform. If a participant elects 403(b) FundSourceSM the charge is an annual 0.50% of account value (billed quarterly at 0.125%).
NOTE: All other investment expenses within the 403(b) FundSourceSM is based on the mutual fund expense ratios of selected investments and any "authorized agent" advisory fee and/or commission must be approved by the participant.
Other Plan Expenses
All other Plan expenses such as Third Party Administration or Investment Advisory services are contracted at the discretion of the Plan Sponsor and may be paid by the Plan or the Sponsor or both.