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			[topic 1] 401k Plan Fee Schedule 401k Solution pricing covers absolute access to your Plan Sponsor Gateway and Plan Participant Gateway and all the functions they contain as well as any help you may need with using your online system. -- The only thing you'll ever pay to Pension Systems Corporation aside from your annual fee (see below) is a one-time only $1495 set-up fee, which covers the cost of complete customization and configuration of your 401k Solution. Customization includes your choice of plan options, your choice of any no-load mutual funds and/or self-directed brokerage accounts for your company's plan, customized signature-ready prototype plan documents, and more. In short, the $1495 set-up fee covers complete, comprehensive professional customization of your 401k plan whether the plan is new or a conversion of a previous 401(k) -- Again, the one-time $1495 set-up and customization fee occurs in the first year only. From then on, ALL YOU PAY Pension Systems Corporation IS YOUR RELEVANT ANNUAL FEE (see below). -- With 401k Solution there are no additional plan conversion fees (should you already have a 401k plan that you want to run via 401k Solution), and no hidden processing or administration fees. After the plan has been set-up and successfully launched, there may be charges for additional support or training, but theses fees are both affordable and 'money back guaranteed'. -- For these reasons and more, our web-based 401(k) has earned the right to be called 401k Easy Online.
	401k Plan Fee Schedule
	The 401k Solution setup fee is a one-time charge
	401k Solution pricing versus that for bundled 401k plans and their 401k plan administration services
	Everything is included with 401k Solution
	Uncle Sam wants to help you launch your 401k
	Free 401k plan conversions
	Free IRS reporting help
	Watch for hidden fees
	Our Policy Regarding All Asset-Based fees
	Even taxes, shipping and handling are included

PSA Full-Service 401k Plan Pricing Plan Size Annual Fee 1 eligible employees (plus spouse) $1390 a year--complete 2-4 eligible employees $2390 a year — complete 5-10 eligible employees $2590 a year — complete 11-15 eligible employees $2990 a year — complete 16-20 eligible employees $3390 a year — complete 21-25 eligible employees $3790 a year — complete 26-30 eligible employees $4190 a year — complete 31-35 eligible employees $4790 a year — complete 36-40 eligible employees $5390 a year — complete 41-45 eligible employees $5990 a year — complete 46-50 eligible employees $6590 a year — complete more than 50 eligible employees $6590 plus $300 per each additional 5 eligible employees The first year only, there is also a $1495 one-time plan setup and software customization fee. This fee does not vary with plan size.   back to page topics

[topic 2] The 401k Solution Setup Fee Is a One-Time Charge One of the great things about 401k Solution is its adaptability. Our IRS-approved prototype 401k plan includes a host of customization choices, and our web-based 401k plan administration system includes additional customizable administrative features. -- Our 401k experts can help you understand your 401k Solution plan and 401k plan administration options, so you can make educated decisions as to which are most desirable for your company and its 401k plan. -- Our technical experts code your company's plan with your customization decisions, empowering your web 401(k) to streamline 401k management and automate most of its functions. Plan administration via 401k Solution takes most small businesses less than 20 minutes a month — and saves them thousands of dollars a year. -- The charge for adapting IRS-approved plan documents and customizing 401k Solution to fit your company's needs is only $1495. This fee does NOT vary with plan size, and it is charged ONLY at your plan's outset, not in any subsequent years. -- If in subsequent years you decide you want to make substantive changes to your 401k plan, that's no problem. Please see below under Future Changes. 401k Solution customizable 401k plan items include… -- Age, length of service, and other 401k plan participation requirements -- Automatic 401k enrollment options -- Employer matching, profit-sharing and/or qualified non-elective contribution rates, if any -- 401k vesting schedules for relevant employer contributions -- 401k loan availability -- 401k discrimination testing/401k compliance testing options, including options associated with running your 401k plan as a safe harbor 401k plan, if you so choose See our Order Form for the options currently available under each of these 401k customization items. Future Changes You don't ever have to feel locked in to your 401k plan customization decisions with 401k Solution. For instance, some companies choose to exclude 401k loans in the early years of their plan, then add the option in at a later date. -- We can modify your online 401k plan design for you any time you wish. However, we reserve the right to charge for changes initiated by you that require us to recustomize your 401k software and/or official 401k documents. The maximum charge for recustomization work is $1495 per instance, depending upon the complexity of the changes required. back to page topics

[topic 3] 401k Solution Pricing Versus That for Bundled 401k Plans and Their Plan Administration Services We compared the cost of a complete, fully-customized 401k Solution system with the cost of bundled 401k plans offered by a broad cross-section of major national vendors that allow for self-directed discount brokerage accounts and/or no-load mutual fund families as your 401k investments. -- It's not a perfect comparison, of course: Their 401k plans often include cumbersome off-site 401k administration, ours include superior investment choice, superior plan flexibility, superior asset security, employee statements on demand, unlimited compliance testing (with results in seconds), IRS 401k reporting help, and a 60-day money-back guarantee. -- We found that 401k Solution clients save an average of 60% to 80% a year off the lowest priced national vendor's bundled 401k plan. It's a savings of 60% to 80% for about 20 minutes of online data entry work monthly! -- Take a look at the chart below for some price comparisons for 20 and 100 person plans — and note that the comparisons don't even include data about how much you'll save if your 401k will have 15 or fewer eligible employees: Our smallest 401k Solution plans (for up to four employees) cost only $1195 a year, and those accommodating up to 20 eligible employees cost only $1695 a year. Few other vendors offer such price reductions on very small plans. back to page topics

Web 401k Online versus THE 401(k) SOLUTION Web 401k Online self-service 401ks 401(k) Solution full-service 401ks Labor You do the monthly data processing and interaction with the investment house -- but you've got a highly automated Web 401k to handle most of the work for you. NOT the same PSA does all the monthly data processing and interaction with the mutual fund companies from data you supply. Cost Pricing starts at $1195 a year NOT the same Costs higher than Web 401k -- but less than half of typical full-service fees. Plan Design and related fees Unbeatable investment and plan design flexibility. Price encompasses all options. same Unbeatable investment and plan design flexibility. Price emcompasses inclusion of all options Employer Contributions All types optional and free of charge. same All types optional and free of charge. Plan Size Restrictions none: anything from 1 to one million (or more) same none: anything from 1 to one million (or more) Investments self-directed brokerage accounts and/or mutual funds same self-directed brokerage accounts and/or mutual funds Participant Account Statements generated monthly same generated monthly Compliance Testing run as often as you like (we recommend monthly) same run monthly Trustee Fees none same none Automatic Enrollment optional same optional Asset Security You retain full asset control at all times. No third party ever takes constructive receipt of your plan's monies. Rather, when you finish the month's processing, Web 401k instructs you as to what amounts to forward from the trust for distribution to your participants' 401k investments. same You retain full asset control at all times. No third party ever takes constructive receipt of your plan's monies. Rather, PSA does the processing, then instructs you as to what amounts to forward from the trust to what investments for distribution to your participants' 401k accounts. [topic 4] Everything is Included with 401k Solution 401k Solution includes EVERYTHING you need to provide your company with a great 401k plan right from any computer with Internet connection in about 20 minutes a month (for most small business 401k plans). 401k Solution includes… 401k online system We customize our powerful yet easy-to-use web-based 401k plan administration system to the exact 401k plan. The customization information works in conjunction with the up-to-date IRS and other governing regulations programmed into your software to streamline your 401k's operation while keeping you apprised of your plan's health and growing wealth. Your online system has built-in safeguards barring you from running your 401k plan under the wrong rules, and it is updated continually to conform with ever-changing regulations. 401k help You receive free, professional help with understanding your 401k plan management options as well as running your 401k Solution. Plan operation help includes a fantastic 401k Plan Management Guide as well as both free and affordable fee-based technical support. 401k investments 401k Solution lets you choose both the investment approach (self-directed brokerage accounts and/or no-load mutual fund family) and the specific investment provider(s) for your 401k plan. No other 401k plan offers greater investment flexibility. Visit our Investments pages for specifics, including listings of potential investments. Plan-specific 401k forms and materials Our online plan-specific 401k participation and employee education forms and materials explain 401k concepts (401k loans, 401k enrollment, 401k investing, etc.) to your employees while gathering the data needed to run your company plan. Included is an introductory slide show in convenient video format for introducing your employees to 401k plans and its tremendous savings potential. IRS reporting help Our 401k FedForms website (www.401kfedforms.com) tells you which federal reporting forms are relevant to your particular 401k plan, then shows you annotated versions of each relevant Form or Schedule (Form 5500, 1099-R, etc.) so you know exactly where within your 401k software to locate needed information. 401k FedForms even includes ready-to-complete Summary Annual Report PDFs that take just moments to fill in! back to page topics

[topic 5] Uncle Sam wants to help you launch your 401k Under federal regulations, the $1495 one-time set-up fee your company pays for its 401k Solution may be refunded in the form of a federal tax credit. New 401k Solution plans qualify to receive this federally-mandated dollar-for-dollar refund, but there are some restrictions. If you are interested in receiving this tax credit, please consult your tax advisor. back to page topics

[topic 6] Free 401k Plan Conversions 401k Solution can accommodate new or already existing 401k plans of any size, and there's no charge for us to convert an already-existing 401k plan for use with 401k Solution. -- See our 401k Conversion Plan Order Form for a listing of plan customization options available with 401k Solution. (If you have specific questions about converting your existing 401k plan for use with 401k Solution, submitting an Order Form and with "Unsure. Please contact..." buttons clicked, where applicable, is the most expedient way for us to serve you, even if all you want at the moment is answers to conversion-related questions. Submitting an Order Form IN NO WAY obligates you to actually placing an order, and no money changes hands; the Order Forms simply gather the data we need to accurately answer your 401k-related questions. back to page topics

[topic 7] Free IRS Reporting Help 401k Solution includes free help with your 401k-related federal reporting. -- Our 401k FedForms website shows you annotated versions of the relevant year's 401k-related federal reporting forms and schedules (Form 1099-R, the 5500 series, etc.) and tells you which are relevant to your particular 401k plan, when each is due to the IRS, plus additional information. -- 401k FedForms contains both popup instructions and printable annotations that tell you where within your 401k software to locate needed information. -- 401k FedForms even includes ready-to-complete Summary Annual Reports that take just moments to complete! -- 401k FedForms is a free service for our 401k clients and is relevant in conjunction with their 401k plan administration software. -- Click here to preview the 401k FedForms website (www.401kfedforms.com).   back to page topics

[topic 8] Watch for Hidden Fees The US Labor Department is currently auditing 401k plans of all sizes because of a trend that may violate current pension laws. Many companies, especially smaller businesses, are shifting plan administrative expenses to plan participants, knowingly or unknowingly. This shift of plan expenses come in the form of "hidden fees" that are routinely deducted from each participants' retirement savings by some plan providers and mutual funds. Because of lax reporting requirements, no one really knows how much money changes hands behind the scenes, but it is estimated that excessive fees may be as much as $1.5 billion per year, and growing. In the 401k arena, expense fee disclosure, whether to plan participants or plan sponsors, has been notoriously confusing and unclear. The impact of these confusing hidden fees on plan participants' retirement accounts can be very significant over time. As example, consider a hypothetical 401k investment such as a mutual fund, with deducted expense fees of 1.3 percent versus one with fees of just .3 percent. Applied to an initial 401k investment of $5,000, with regular annual investments of $5,000 returning 10 percent, and compounded over 15 years, the difference between the "low-fee" investment and the "high-fee" investment adds up to $15,398. That's a significant sum deducted from a participant's retirement savings. Policymakers and plan sponsors seeking to structure well-managed 401ks for their aging workforces are beginning to acknowledge the negative impact hidden fees has on eroding pension accumulations for retirement. What might appear to be a small difference in deducted investment fees can result in substantial differences in eventual retirement benefits. back to page topics

[topic 9] Our Policy Regarding All Asset-Based Fees We at Pension Systems Corporation, distributor of 401k Easy and 401k Solution, has always worked hard to keep 401(k) plans as affordable as possible for our clients, many being small and very small companies.  Our policy is not to accept any rebates or revenue sharing of fees deducted from our clients' plan assets unless those fees can be returned to the plan, or used by Pension Systems Corporation to offset plan expenses. Entities that provide and support 401(k) plan investments, include mutual funds managers, fund distributors, asset custodians, asset trustees, investment brokers and advisors, and plan administrators and record-keepers. These entities typically earn at least a portion of their compensation from asset-based fees deducted from plan assets.  401k Solution is an exception to the norm in that we do not earn any compensation, either directly or indirectly, from our clients 401(k) plan assets. If rebates are offered, we instead have the rebates returned to the client or directly applied to reducing our clients' costs. Our published prices, available online for all to see, are the only net compensation we collect. Asset-based fees are an unavoidable fact of life if your company is using mutual funds or self-directed brokerage accounts for the 401(k). The cost of these asset-based fees must be included when determining the true, overall cost of a company's 401(k), By applying these fees to keep overall costs down, Pension Systems Corporation is doing its part to keep 401(k) plans as affordable as possible. For more information on asset-based fees we recommend reading "Revenue Sharing in the 401K) Marketplace--Whose Money Is It?" by The McHenry Consulting Group http://www.mchenryconsulting.com/ and Study of 401(k) Plan Fees and Expenses by the US Department of Pension Welfare and Benefits. back to page topics

[topic 10] Taxes, Shipping and Handling Included All 401k Solution prices include taxes, shipping and handling. When we say "everything is included," we mean everything! back to page topics

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