IRA Fee Schedule and Disclosure
IRA Fee Schedule and Disclosure
|Min Account Balance
|Solo 401(k) Plan Document
|Transfer Funds Within IRA1 (Can be included in 6 free life time transactions)
|Termination of IRA, Partial (Either a rollover to another plan or a lump sum distribution)
|Termination of IRA, Complete (Either a rollover to another plan or a lump sum distribution)
|Roth Conversion/Re-characterization2 (For conversions done by uDirect)
|Roth Re-characterization for conversions done at different custodian3
|Contributions/Dividends/Payment, for each receipt exceeding 12 per year (12 per year are free)4 — Manual check processing fee —
|Distribution / Withdrawal / Investments / Asset Acquisition / Miscellaneous (Can be included in 6 free life time transactions)5
|Distribution, Regular Retirement Stream, Each (Can be included in free, lifetime transactions)
|Mail forwarding6 (charge for each piece of mail forwarded)
|Overnight Courier Delivery, Letter Envelope (plus actual shipping costs)
|Account reinstatement Fee
|Special Handling Fee
|Returned Check/Insufficient Funds
|Copy of sent or canceled checks
|Change of account type8
|Reversal of fees for alternate payment method9
|Re-producing tax documents10
|Document Research or Production
|Hourly Rate For Extraordinary Services
|Wire Transfers – Outbound
|Wire Transfers – Inbound
|$25 Min or $150 per hour
|Crypto-Currency Purchase Fee
|Handling Fees For In Kind Distribution Of Metals or other assets14
|Liquidation of Metals15
At UDirect, we take the time to help you understand all the essential self-directed IRA fees that can occur throughout the process. We understand that it can become overwhelming to keep track of the different fees that can come with self-directed IRAs. That’s why we created methods to help condense it all. Our charts account for all the fees that can occur, ranging from annual fees and setup fees to various services fees as well. We help you make the most out of your time, so you can better focus on enjoying the little moments in life. Let our dedicated team help you uncover all the self-directed IRA fees.
1A transaction will typically consist of writing checks, wiring funds, moving funds, or acquiring assets. Your account will come with 6 free transactions for the life of the account (i.e. your account can complete 6 total transactions without charge for those transactions). Once the 6 transactions are exceeded our normal transaction fees will apply. NOTE: These transactions DO NOT reset each year or entitle you to 6 transactions per year. Writing a single check to acquire multiple assets will equal a transaction count equal to the number of assets acquired. Writing a single check to cover multiple transactions, fees, assets, etc. will be equal to the number of transactions tied to the single check.
2Roth conversions done by AET will be charged this fee. If the Roth conversion needs to be re-characterized, and AET completed the initial conversion, then this fee will also apply to the re-characterization.
3Roth conversions done by a custodian other than AET and needing AET to complete a re-characterization will be subject to this recharacterization fee.
4The account will come with 12 free receipt transactions per year. A receipt transaction is generally a receipt of income from an investment (e.g. dividend, rent payment, loan payment, K-1/Partner distributions, etc.). Accounts that exceed the 12 transactions per year will be subject to this fee for each transaction above the 12. The transaction count will reset each year on the calendar year starting January 1.
5A transaction will typically consist of writing checks, wiring funds, moving funds, or acquiring assets. Your account will come with 6 free transactions for the life of the account (i.e. your account can complete 6 total transactions without charge for those transactions). Once the 6 transactions are exceeded our normal transaction fees will apply. NOTE: These transactions DO NOT reset each year or entitle you to 6 transactions per year.
6Any mail received by AET on behalf of your account will be charged this minimum fee. This fee generally covers standard mail, envelope and postage and handling. Additional fees may apply for mail that is larger or more expensive than standard mail. Additional fees may apply for multi-page documents which require scanning and special binding or packaging or registered mail.
7Cashiers checks are subject to a 48 hour turn around time. The 48 hour clock starts once we have received a complete and accurate direction of investment and all issues with the account and the transaction have been resolved. We reserve the right to not offer the cashier check if is not administratively feasible.
8If you setup your account as the wrong type (e.g. fill out forms as a Traditional IRA and it is actually a SEP IRA), we will assess this fee for changing the account over and re-filing any documents with state and federal agencies. This fee covers changing the account type, and transmittal of 5498s, 1099-Rs and any other state or federal documents that may be impacted by the change.
9If you choose to change the payment method for fees and those fees have already been collected from your account, you will be assessed this additional processing fee to return the funds to your account.
10If you request that tax documents be resent or if you provide information that alters the tax documents after they have been sent or filed, this fee will apply.
11In cases where we receive a deposit for your account and the deposit is not properly identified by the depositing party or institution, we will charge a fee for the time required to research and determine the origin of the funds and the correct account to credit the funds. In many cases parties that transmit funds will fail to clearly note the account to credit and such issues require that we engage various parties in order to determine the account to credit. In some cases we will be assessed a fee by the banking institution for conducting this research. In these cases we will assess the bank fee in addition to our fee listed on this schedule.
12Document review will generally consist of review of the documents representing the investment for your account or other related documents. Such documents can include, but is not limited to, real estate closing, private placements, partnership agreements, corporate stock, loans, tax liens, trust deeds. We will review documents submitted with an investment transaction and include that in the 6 free transactions. If we are requested to review documents prior to funding, or if we have to review the same documents multiple times in order to complete the investment transaction, then this fee will apply.
13These fees will be charged each month that metals are held in your IRA account based upon the current value of the metals held in your account. If a combination of metals (e.g. silver and gold) are held in the account, then you will be charged the “Both Metals” pricing for storage. Metals prices are established based upon current spot prices in the open market. All metals held are updated to reflect the current market prices. Storage fees are assessed based upon the total types and value of all metals held in the account on the first of the month. Storage fees will be collected from funds held in the account. If there is a shortfall in the account, you will be invoiced for the shortfall and you will be required to get those funds back into the account. If fees remain open for more than 90 days, we will liquidate enough metals to cover the costs of the open fees. Any metals purchased or sold after the monthly account fee has been assessed, will not change the storage fee for that month. Storage fees are not prorated or reduced in the month that metals are sold from the account. Currency held in your account will be billed in a similar manner.
14Requests to distribute metals from your account, in-kind (i.e. send you the metals), will be subject to a handling fee. Additional shipping and handling fees may be charged by the storage depository. Other in kind asset distributions are also subject to this same fee.
15Requests to liquidate metals will be subject to this fee. This fee will cover placing the order to the metals broker, purchasing the metals, and arrangement of the shipment of the metals to the metals broker.