Relius Forum Still Active? If so, Fee Question

[Gadgetfreak]

Is this forum still being monitored? I have some questions about fee processing on Relius Admin and could use some help from my peers. Thanks.

[ACox]

What kind of fees are you processing? What questions do you have?

[Gadgetfreak]

We use RA for daily recordkeeping and trading. On the first day of each quarter, we need to assess the following fees:

5 bps asset fee for custodian

10 bps asset fee for recordkeeping

15 bps asset fee for Broker

$125 flat fee (divided pro-rata) for TPA

$2.50 per participant fee for TPA

We need to do something similar across all plans and we want the fees to be separated on the last page of the statement for the 404(a)(5) portion.

Relius has told us that we cannot post more than one fee simultaneously lest we incur negative holdings. At first they told us that we would need to assess a 30 bps fee in one transaction and call it "Asset Fee" or "Custodial/Recordkeeping/Advisory Fee". That wasn't acceptable and I asked why there can't be three separate asset fees (for disclosure) but Relius would know to bill the 30 bps. They eventually told us that we should be OK if we do the three different asset fees at the same time but I didn't get the impression that they were confident with that.

QUESTION 1: Do you think we can assess all three asset fees at the same time without any negative holdings?

Then they told us that we "might" be able to also assess the base fee at the same time without negative holdings but, again, I remain skeptical.

QUESTION 2: What do you think about the base fee?

They told us there is NO way to assess the per-participant fees at the same time and it must be done the following day?

QUESTION 3: What are others doing? Doesn't seem peculiar to have a fee on the first business day of the quarter and then a second fee on the next business day?

QUESTION 4: Is there any way to enter in payee information for these fees so that it is very easy for us to create a report for each broker telling them how much we will be paying them per plan (and a total)?

QUESTION 5: Besides this forum, is there another message board for Relius Admin (esp daily trading) users?

Thanks for any help/advice.

[ACox]

I have always had to post fees separately for each type. I either run into negative balance situations or I cannot post a second fee due to pending trades. Our fees are designated in the notes field of the transaction and then we program our statements with Crystal Reports to classify those fees based on the notes in the transactions.

[Gadgetfreak]

I spoke to Relius yesterday and also, as a new member of RANDUG, posted my questions there too. It seems that, although no one will guarantee it, they are fairly confident posting multiple asset fee transactions and base fe transactions at the same time, should NOT cause negative holdings. I guess we will need to see if that is true.But good idea about the notes and Crystal. The problem is, if you want to use a Fee Schedule to automate the process, it won't put an individual note in each.

[BG5150]

At my old job, we had daily valued plans on Relius, but we had a dummy plan to use to try stuff out. Just make sure you uncheck "confirm required."

[ACox]

You are correct about the fee schedules and notes. We use the fee schedule to create all of the transactions and then individual put a note on each one. The idea of using a dummy or test plan is a good idea as well. It is always interesting to see how Relius handles different situations.