What is the normal fee out there for a restatement from a prototype plan?
Tuesday, October 20, 2009
What should a 401(k) restatement cost?
Our new 401(k) recordkeeper is doing the required EGTRRA restatement of its prototype plan, which we adopted. With essentially no explanation, they have said that our share of this restatement cost will be $1,000. I think this is outrageous (do they even go to the trouble of putting our name on a form?), but then again, I haven't priced these services recently.
Posted by Jim Gust at 11:22 AM