fees

Let’s start out by saying PATA is a fee for service administrator meaning that you pay a set fee per year and you receive an annual report and participant certificates (5500s included). PATA does not revenue share on the investments. PATA performs pension administration for a fee… that’s it. When you have questions or need to talk to someone handling you plan, that person will be there to talk to. Personal service and secure long-term business relationships, that is what PATA is in business for.

PATA wants to be your pension’s administrator. If you are looking for your own plan, or on behalf of your clients, Email PATA the type of plan you need to be administered, how many employees have account balances and you will receive back a proposal of what the cost will be to administer your plan. If you are thinking of establishing a new plan, PATA can establish the plan and give you the administration proposal as well.

FEEs… PATA ‘s fees are middle of the road. Not as much as the larger firms but maybe a little more (if at all) than the mid-sized firms. Why? PATA is looking for long term clients. PATAs overhead is not as high as the larger firmwhich means the savings can be passed on to the client in the form of lesser fees. PATAs fees may be a little more than the smaller TPA simply because the reports are more comprehensive… the service more personal… reporting more timely.

PATAs fee structure is very simple. Depending on the services needed PATA bills accordingly. Services like:

- Plan Adoption … Includes the adoption agreement, SPD, and miscellaneous forms

- Complete Annual Plan Administration …. Annual trust accounting, participant certificates, completion of signature ready form 5500 and Schedules, etc.

- Participant Charge … This is a charged accessed to a plan that has more than one participant

- Solo401K … The solo plan is considerably less expensive to establish and administer.

Remember, YOU don’t work for nothing, neither does PATA! Administrators that charge next to nothing are being paid somewhere. Like any professional, pension administrators have expenses also (specialized computer programs, office space, supplies, continuing education, salaries, etc.). Sometimes, if it is too good to be true, it could be.

THESE FEES ARE NOT CARVED IN STONE! They depend on your specific situation. In addition to these fees there are some ala Carte charges like loan documents and Distribution Election Packages (includes form 1099R). There is a lot of work to do on behalf of a pension plan.

FYI … An annual administration includes an annual trust accounting, contribution calculation, an annual report (quarterly reports for 401K plans), participant certificates, completion of regulatory form 5500 and schedules… etc.

Remember, the fee a plan sponsor pays to establish and administer a pension is deductible!

PATA does not revenue share or make any compensation from the funds that a plan may invest in. All of PATA’s revenue is earned by performing a service. Some (not all) other venders may charge less for their services because they do revenue share or are compensated in some way from the plan assets. Rest assured that those fees are conveyed to you, the end user, in some manner. No one works for nothing. Perform your due diligence to make sure you are receiving the best value for your money.

Due to poplar demand… and convenience… PATA has established PayPal buttons below to allow for credit card payments. Each button price includes a convenience charge for the credit card service. Please follow the instructions so that you are credited for the payment timely.

One time setup fee to establish a Solo 401K plan.