2003 Post-EGTRRA Amendments

[Guest DIGMYDOG]

We were wondering what other TPA firms do with regard to charging fees for document amendments.

We have restated our plans for GUST and included EGTRRA with the GUST restatement. We charged a fee in the range of $400- $600 for the GUST/EGTRRA amendments.

Now the 2003 Post-EGTRRA amendments now have to be adopted. What do most TPA firms charge for these kind of amendments?

Do most have their clients on a maintenance fee where all amendments are covered under a monthly or annual fee?

If so, what is the range for a maintenance fee?

Or, do most charge on a per amendment basis? If so what is the range.

Does anyone out there have input for me?

We just want to make sure we are not over-charging or under charging or billing for something that most firms do not expect their clients to pay.

Thanks

[ljr]

We are a community bank trust department and document costs have always been included in our fees based on past experience of required amendments happening about every 5 years. Now that's changing, and depending upon what happens over the next few years, we may need to add a charge for amendments. I'll be interested to see what others say