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401(k) Fee Schedule

Recordkeeping Fee

Employers (Plan Sponsors) are charged $750 per year.

Per Participant Fees & Credits

Employees (Plan Participants) are charged $10 per year, plus a percentage of their assets with a credit for holding Saturna-affiliated funds. The percentage they are charged is based on total plan assets.

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Net Plan Assets Annual Fee¹ Credit for Affiliated Funds² Per Participant
< $10 million 0.50% (0.50%) $10 per participant
$10 million to $50 million 0.25% (0.25%)
$50 million to $100 million 0.15% (0.15%)
> $100 million 0.10% (0.10%)

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¹ The Annual Fee is charged quarterly. This fee can be offset by revenue received from selected investments. If the fee is only partially offset, then the remaining fee is charged pro rata to individual Employee (Participant) accounts. If the fee is more than offset, the excess is allocated pro rata to Employee (Participant) accounts.

² To avoid double dipping, the Annual Fee is offset by a Credit for Affiliated Funds; Affiliated Funds are any fund for which Saturna Capital is the investment manager, including Amana, Sextant, and Saturna Sustainable fund families.

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Enrollment None
Affiliated mutual fund trading None
Plan menu fund trading None
Mutual fund expenses Please see a Fund's prospectus
or summary prospectus for details.
Annual loan (if allowed)³ $60
Plan departure $60

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³ An annual loan fee of $60 is charged only to those participants who have an outstanding loan, if
allowed by the plan.

The Employer (Plan Sponsor) Fees and associated Credit for Affiliated Holdings
are waived for Solo 401(k) Plans with less than $250,000 in plan assets.

Participant Fee Example

How Per Participant Fees Are Determined

Employee/plan participant John Smith has been with XYZ Company for 4 years and as a current account balance of $42,000 allocated among Saturna affiliated mutual funds and unaffiliated Funds. XYZ's 401(k) Plan total assets are approximately $15 million.

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  Total account balance   Annual fee %
(Based on Plan Assets)
  Total Annual Fee
Annual fee calculation $42,000 X 0.25% = $105
    Mr. Smith's assets are divided as follows:
        In Saturna affiliated funds $30,000  
        In unaffiliated funds $12,000  
Credit for affiliate funds $30,000 X (0.25%) = ($75)
Total annual asset-based fee     $30
Per participant fee + $10
Grand total annual fee = $40

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Non-Saturna Sponsor Costs

Fidelity Bond

A Fidelity Bond (sometimes called a Surety Bond) is a form of insurance that is designed to protect the assets of a 401(k) plan against acts of dishonesty or fraud committed by individuals associated with the plan, such as the trustee or the plan administrator. An employer that offers a 401(k) plan must purchase this protection. This is not a product that Saturna offers currently, but we can assist you in finding a provider if needed.

Large Plan Audit

Generally, a plan must be audited when it has more than 100 eligible participants on the first day of the plan year (120 if the plan has not been previously audited, 100 every year after). Typically, audits must be completed within seven months after the plan year ends. For example, if you have a calendar year-end plan (December 31), audits must be completed by July 31 of the following year.

Check out the background of Saturna Brokerage Services, Inc. or any firm or investment professional on FINRA's BrokerCheck.