401k Fee Comparison Worksheet
Use this worksheet to compare JF Actuarial Services and Vanguard's 401(k) fees to those of an alternative vendor, in
accordance with U.S. Department of Labor guidelines (www.dol.gov/ebsa/publications/401k_employee.html).
INPUT REQUIRED:
# of plan participants: Loans per year: 0
Total assets: Payouts per year: 0
Step 1: Calculate Onetime Conversion Fees
JF Actuarial Alternative Vendor
Base Conversion Fee $ -
Loan conversion fee ( # of employee loans x $50 ) $ -
Employee enrollment meeting ($500 local; $1,000 plus travel out of area) If desired
Plan Document/SPD $ 500
Other onetime conversion fees $ -
Total onetime conversion fee $ 500 $ -
Step 2: Calculate Total Annual Cost
2a. Calculate administration fees JF Actuarial Alternative Vendor
Base administration fee $ 2,200
Matrix custodial asset charge (.06% of assets) $ -
Investment advisory services ($500 optional) Optional
Annual cross-tested calculation ($500 if applicable) $ -
Individual brokerage account ($50 x number of accounts) $ -
Multiple fund vendors ($500 for each additional after the first) $ -
Employee administration fee (JF Actuarial: number of plan participants x $40) $ -
Trustee fee Self Trusteed
Signature-ready Form 5500 Included above
Compliance testing and analysis Included above
Other annual administration fees $ -
Total annual administration fees (Line A) > $ 2,200 $ -
2b. Calculate investment expenses
List the types of funds you will offer in your 401(k) plan and the estimated balance for each. Multiply the estimated
balance for each fund type by the expense ratio to calculate its total expenses. (The expense ratio can be found in the
fund's prospectus.
Vanguard Total
Vanguard Expenses (No
Expense charge by JF Alt. Vendor Alt. Vendor
Fund Type Estimated Balance Ratio Actuarial) Expense Ratio Total Expenses
Index 500 $ - x 0.15% $ - $ -
PrimeCap Core $ - x 0.50% $ - $ -
Short-term Bond Index $ - x 0.18% $ - $ -
Small-Cap Index $ - x 0.22% $ - $ -
Wellesley Income $ - x 0.25% $ - $ -
Global Equity $ - x 0.51% $ - $ -
x $ - $ -
Additional fund fees, 12 B-1, asset based fees > $ - $ -
Total investment expenses (Line B) > $ - $ -
Prepared by JF Actuarial Services, Inc. 11/22/2011 e587f3a4-5c42-4232-9e05-473f3c6cd3c3.xls
JF Actuarial & Alternative
2c. Summarize annual fees Vanguard Vendor
Total annual fees (Line A + Line B) (Line C) > $ 2,200 $ -
Total annual fees per participant (Line C / # of plan participants =)
Total annual fee as a percentage of plan assets (Line C / plan assets =)
Step 3: Calculate additional fees
JF Actuarial Alternative Vendor
Distribution fees* (JF Actuarial: # of payouts per year x $50 =) $ -
Loan origination fees* (JF Actuarial: number of loans per year x $50 =) $ -
Loan maintenance fees (JF Actuarial - none) $ -
Other (postage, exchanges, reports, etc.) $ -
Total other fees $ - $ -
* May be paid by plan or participant.
This worksheet is intended to provide an estimate of the total cost of the prospective plan. Actual costs will be determined based on a signed fee
agreement between JF Actuarial and the client.
PLEASE NOTE: Many providers of 401(k) investment and administration services are
less than candid about expense ratios, 12b1 fees and other investment expenses charged
by every mutual fund and insurance product. If you have trouble obtaining this information,
you may obtain it at "www.Morningstar.com" by looking up the "ticker symbol" of funds
being recommended for investment.
Prepared by JF Actuarial Services, Inc. 11/22/2011 e587f3a4-5c42-4232-9e05-473f3c6cd3c3.xls