Castle Rock PEP Pricing
Start-up Costs
A $1,000 one-time onboarding fee for existing plans and $500 for start-up plans. Your company may be able to receive a tax credit to offset the start-up cost. Please speak with your tax advisor.
Fee & Expense Information
Plan fees include a fixed administration fee and an asset-based fee. The fixed administration fee is billed quarterly in advance and is not pro-rated. It can be paid directly by the employer or from participant accounts.
Participant Count
0-50
51-100
101 & Above
Quarterly Fixed Fee
$8.75
$7.50
$6.25
Breakdown of annual asset-based fees
The asset-based fee is charged pro-rata to participant accounts and is determined by the total assets in each adopting employer's plan.
For example, if the adopting employer's plan assets are $1,000,001, each account will be assessed .55% annually (0.40% to Slavic + 0.15% to Castle Rock). The fees are deducted quarterly in arrears.
Adopting Employer 401(k) Plan Assets
$0-$250,000
$250,001-$500,000
$500,001-$1,000,000
$1,000,001-$2,000,000
$2,000,001-$5,000,000
Over $5,000,000
Slavic Recordkeeping and Administrative Fee
0.70%
0.65%
0.50%
0.40%
0.30%
0.25%
Castle Rock Investment Advisory Fee
0.25%
0.20%
0.18%
0.15%
0.12%
0.10%
Example of Employer with 150 Employees
Note- There is no audit cost. There is one audit of the PEP and that cost is paid by Slavic401k. Download the Fee Benchmark Report.
|
Paid by Employer or Employee |
|
|
Plan Assets |
Slavic401k and Castle Rock |
|
$50,000 |
$4,225 |
|
$500,000 |
$8,000 |
|
$1,000,000 |
$10,550 |
|
$3,000,000 |
$16,350 |
|
$6,000,000 |
$24,750 |
|
$10,000,000 |
$38,750 |
|
$25,000,000 |
$91,250 |
Example: Employer with 10 Employees. Download the Fee Benchmark Report.
|
Paid by Employer or Employee |
|
|
Plan Assets |
Slavic401k and Castle Rock |
|
$50,000 |
$825 |
|
$100,000 |
$1,300 |
|
$200,000 |
$2,250 |
|
$300,000 |
$2,900 |
|
$500,000 |
$3,750 |
|
$750,000 |
$5,450 |
|
$900,000 |
$6,470 |
|
$1,500,000 |
$8,600 |
|
$3,000,000 |
$12,950 |
|
$6,000,000 |
$21,350 |