Trust Fees

Fees related to participation in the Third Party Supplemental Trust and Self-Funded Payback Trust have been established by the Board of Trustees as follows:

Pooled Trust (OBRA D4C/3rd party pooled trusts) Fee Schedule

Enrollment Fee $25.00
Annual Base Fee $750.00 to open a Subaccount
Annual Asset Value Fee 1.24% of the market value of the account
Annual Tax Prep Fee $40.00
Final Tax Prep $75.00 based on closing acct

 

Annual Bank Management Fee

Pooled Trust

ANNUAL ASSET VALUATION FEE 1% OF THE MARKET VALUE OF THE ACCOUNT

ANNUAL BANK CUSTODIAL MANAGEMENT FEE 0.24%
Fees are for usual and customary services including administration of the account, investment management, securities processing and custody, record keeping and other fiduciary services.

The Annual Fee is charged annually at the anniversary of the opening of the account. The Annual Asset Value Fees are charged quarterly. Additional charges will be made for extraordinary services (including tax preparation, attorneys’, accountants’ and other advisors’ fees) provided. Expenses are charged as incurred.

Services are terminated by insufficient funds, death of a beneficiary or by court order.

When more than one trust is created under a single document, fees are applicable to each account separately.

All fees and charges are subject to change upon written 90 days’ notice.

NOTE: All fees are paid out of the Trust Subaccount.