Guest TaraD Posted July 16, 2003 Posted July 16, 2003 What is a reasonable transaction fee for buying and selling employer stock in a retirement plan? Are there typically any other fees associated with maintaining employer stock in a retirement plan?
MoJo Posted July 17, 2003 Posted July 17, 2003 A reasonable cost for transactions in company stock would be actual cost (which is somewhat dependent on the way in which is occurs - i.e. traded on an exchange or traded with the company (which, if the latter, should have no costs associated with it). For exchange traded securities, we (as a bundled service provider) incur a charge of $0.03 per share (which is deducted from the transaction).
MoJo Posted July 17, 2003 Posted July 17, 2003 p.s. - generally there are trust fees associated with holding an employer stock fund - which may be passed through to the participants. Our trustee charges $2,500 annually for hold the fund.
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