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Fees for cross tested plans?


AndyH

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Posted

Maybe I'll be breaking new ground, so I'll ask the question carefully:

What are market surcharges for administration of cross tested ps/401(k) plans, as opposed to, for example, integrated profit sharing plans, i.e. what might a typical testing fee be? I've seen $250 to $750.

I'm not asking what you charge, just what charges you have seen or heard.

Posted

I've seen charges by an attorney for conducting the cross-test at $500 for plans with 50 or less participants and $1,000 is 51 or greater. The TPA is to accept the cross-test (and presumably the atty's determination of the coverage group) as gospel.

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