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%
Average Annual Savings
After your company merges its 401(k) into Castle Rock PEP
- > 42% + Cost of Audit (if applicable). Click on any link below to Download the Plan Cost Benchmarking Report.
- There is no audit cost. There is one audit of Castle Rock PEP that is paid by Slavic401k
-
Assumes assets are 100% invested in the Qualified Default Investment Alternative, Vanguard Target Retirement Funds.
|
Participants |
Plan Assets |
Castle Rock PEP Total Cost |
Median Marketplace Total Cost |
Annual Savings |
|
25 |
$2M |
$12,635 |
$11,765 |
|
|
40 |
$4.5M |
$22,535 |
$18,425 |
|
|
75 |
$7M |
$30,130 |
$28,320 |
|
|
150 |
$15M |
$64,525 |
$47,825 + cost of audit |
|
|
300 |
$20M |
$86,025 |
$61,575 + cost of audit |
|
|
1,000 |
$75M |
$322,525 |
$138,975 + cost of audit |