Join Early Retirement Today
Reply
 
Thread Tools Display Modes
401K Trust Company of America
Old 04-23-2007, 11:15 PM   #1
Dryer sheet wannabe
 
Join Date: Apr 2007
Posts: 10
401K Trust Company of America

I have a small corporation and we started this 401k a few years ago. I've been doing some research and it seems OK, but I thought I'd tap into the brain trust here on ER and see what you guys think. Have you heard of them?
av8r is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: 401K Trust Company of America
Old 04-24-2007, 12:33 PM   #2
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: 401K Trust Company of America

Sure

TCA is a big back office, clearing, transfer agent and trust company.

They are a large firm and people are generally pretty happy with them. As long as you are happy with the fees I can't see anything to change.

saluki9 is offline   Reply With Quote
Re: 401K Trust Company of America
Old 04-24-2007, 05:05 PM   #3
Dryer sheet wannabe
 
Join Date: Apr 2007
Posts: 10
Re: 401K Trust Company of America

Thanks. Yes their fees are fine. With more research I am finding that the 3rd party administrator is raping us with charges. 1.75 a year for each of us. I found another thru Vanguard that only charges .25.
av8r is offline   Reply With Quote
Re: 401K Trust Company of America
Old 04-24-2007, 06:30 PM   #4
Recycles dryer sheets
 
Join Date: Jan 2006
Posts: 331
Re: 401K Trust Company of America

av8r, PM me if you don't mind. I'd like to compare fees for our TPA with yours. We just started our 401k, and I've become the plan administrator. So I wanna know how our plan compares (or if I'll be changing it out in 2008!)
NinjaPigeon is offline   Reply With Quote
Re: 401K Trust Company of America
Old 04-25-2007, 05:14 AM   #5
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: 401K Trust Company of America

Quote:
Originally Posted by av8r
Thanks. Yes their fees are fine. With more research I am finding that the 3rd party administrator is raping us with charges. 1.75 a year for each of us. I found another thru Vanguard that only charges .25.
Depending on how many employees you have 1.75 per year could be really good. I've seen plans that charge in excess of $25.00 per employee per year.

Also, what is the base fee on that Vanguard plan? I find it very hard to believe a TPA would do a plan for $.25 per employee.

saluki9 is offline   Reply With Quote
Re: 401K Trust Company of America
Old 04-25-2007, 09:50 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 17,203
Re: 401K Trust Company of America

Quote:
Originally Posted by saluki9
Depending on how many employees you have 1.75 per year could be really good. I've seen plans that charge in excess of $25.00 per employee per year.

Also, what is the base fee on that Vanguard plan? I find it very hard to believe a TPA would do a plan for $.25 per employee.

I read it as BPs, not $$$s
Texas Proud is offline   Reply With Quote
Re: 401K Trust Company of America
Old 04-25-2007, 10:23 AM   #7
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: 401K Trust Company of America

Quote:
Originally Posted by Texas Proud
I read it as BPs, not $$$s
HUH?

A TPA charging an AUM fee? That is total crap.

The T stand fors Third Party. They should be exactly that and get paid a flat fee for testing, 5500, etc + a per participant fee that usually runs from $30 down to $3-5 for very large plans.

saluki9 is offline   Reply With Quote
Re: 401K Trust Company of America
Old 04-25-2007, 04:00 PM   #8
Dryer sheet wannabe
 
Join Date: Apr 2007
Posts: 10
Re: 401K Trust Company of America

OK. I'm learning as I post. I believe the 1.75 BP is being charged by the broker that setup the plan. It's actually .50 from a company called Symmetry Partners, and 1.25 to the broker. I'm not sure who the TPA is. We get our statements from Symmetry, but they don't call themselves a TPA.

I'm in talks with an agent at Vanguard and will likely be moving the 401k there. I have a call into the broker to get what info I can. It's likely he will not be too happy with my plans.
av8r is offline   Reply With Quote
Reply

Tags
401k


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Funding a bypass trust SecondCor521 FIRE and Money 3 05-24-2007 12:45 PM
MOVED: Setting up an offshore company - who can I trust? REWahoo Young Dreamers 0 02-07-2007 05:19 AM
Paying off Debt vs. 401(k) Contributions BigMoneyJim FIRE and Money 4 02-10-2003 10:06 AM
Non-deductible 401k contributions friendlygirl FIRE and Money 3 07-01-2002 10:01 AM

» Quick Links

 
All times are GMT -6. The time now is 10:00 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.