Employers (plan sponsors) are charged $750 per year.
Per Participant Fees & Credits
Employees (plan participants) are charged a percentage of their investments in non-Saturna funds. The percentage they are charged is based on total plan assets held in non-Saturna funds.
|Plan Assets||Quarterly Fee|
|Above $5 million||0.10% (0.40% annually)|
|Affiliated mutual fund trading||None|
|Plan menu fund trading||None|
|Mutual fund expenses||Please see a Fund's summary prospectus for details.|
|Loan initiation fee (if allowed)||$60|
|Quarterly loan fee (if allowed)1||$15|
1 A quarterly loan fee of $15 ($60 annually) is charged only to those participants who have an outstanding loan, if loans are allowed by the plan.
Most recordkeepers accept payments from funds in plans (often referred to as “revenue sharing”). Saturna does not.
Non-Saturna Employer Costs
A Fidelity Bond (sometimes called a Surety Bond) is a form of insurance that is designed to protect the assets of a employee benefit plan against acts of dishonesty or fraud committed by individuals associated with the plan. An employer that offers an employee benefit plan generally purchases this protection, covering its employees involved with ERISA plans. 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.