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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. 8/27/2011 72558b50-92a7-4a34-a3f3-292e146a05b9.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. 8/27/2011 72558b50-92a7-4a34-a3f3-292e146a05b9.xls
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