Simple IRA
 QBOX Simple IRAA SIMPLE IRA is an IRA based retirement plan designed for small employers. Business owners and employees can make before tax contributions. The employer can make a match or profit share contribution that is tax deductible. The sweet spot for SIMPLE IRA Plans are firms that employee 10 to 99 employees. |
Open Architecture Retirement PlanWe strongly advocate an Open Architecture Qualified Plan Service Model or simply “Boxes of Responsibility” to clearly identify; duties, fees, fiduciary status, & services. This promotes redundant checks and balances, and flexibility to provide investment options to meet the ever changing needs of The Plan’s participants. |
Investment Options that Fit All Needs
- Utilize Professional Money Managers
- Utilize Professional Money Managers with Core Menu options
- Utilize the Core Menu options to create your own portfolio
- Investment election and balance changes may occur at anytime without additional costs, surrender charges or those nasty hidden fees
Mid Atlantic’s ModelxChange program gives the particpants unprecedented access to institutional quality money managers.
Fees and Expenses
Like all SIMPLE IRAs, there are fees that are automatically derived and deducted from Plan assets.
- Annualized recordkeeping fee 0.35% or 35 bps ($250 per quarter minimum)
- Annualized per participant fee of $35 per person
- Annualized QBOX Fiduciary Solutions, LLC fee: 0.10% or 10 bps
- Annualized Custodial fee: 0.10% or 10 bps
- The Core Menu’s average expense ratio can range from 0.10% to 0.30% depending upon the the securities selected;
- Professional Money Managers fees range from 0.25% to 1.25% depending upon the manager(s) selected.
The Plan Consultant has a number of ways to be compensated. Most consultants use an annual asset based fee that is payable monthly in arrears. A flat plan or participant fee is also permissible.
Setup Instructions
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