| | MySolo401k | Competitor X | Competitor Y | Competitor Z |
|---|
| Setup Fee | $4000 | $4995 | $4995 | $4695 |
| First Year Annual Maintenance Fee | $0 – Waived | $1428 ($119/month) | $1440 ($120/month) | $1164 ($97/month) |
| First Year Total Fees | $4000 | $6423 | $6435 | $5859 |
| Ongoing Annual Maintenance Fees | $899/year starting in 2nd year | $1428 ($119/month) | $1440 ($120/month) | $1164 ($97/month) |
| State Corporation Filing (incl. filing fees) | | | | |
| Obtain corporate federal employer identification number (EIN) | | | | |
| Corporate Records (bylaws, stock certificates, etc.) | | | | |
| Corporate Bank Account Assistance | | | | |
| IRS-approved plan incl. favorable determination letter | | | | |
| Plan identification number | | | | |
| Prepare all forms to open 401k Brokerage Account | | ??? | ??? | ??? |
| Transfer/Rollover Assistance | | | | |
| Work Directly with Attorney & Compliance Officer (No Sales Rep) | | ??? | ??? | ?? |
| Annual Plan Compliance Support (Form 5500, Plan Amendments, etc.) | | | | |
| Routine Annual Valuation | Included in annual fee | ??? | ??? | ??? |
| Fidelity Bond Premium | Prepare application at no charge (premium not included) | Premium included | Premium not included | Premium not included |
