These fee calculations are based purely on buy and hold/mature situations. In the event one needs overnight mail delivery, money wired, etc - additional fees apply may apply through some/all providers. See the current fee schedules of each provider for upto date accurate comparisons. Also be aware that some IRA providers have minimum account balances or "value" minimums. Inquire to make sure no additional fees apply to your account with regards to these minimums.
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Fee Scenario #10:
$1,000,000 (2 x $500,000) investment transactions in Real Estate Properties
Investment date: January 1, 20XX
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New Direction IRA
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Pensco Trust
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Equity Trust
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Lincoln Trust
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Poly Comp
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New Account Setup & transfer or rollover funds into new account
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$50
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$50
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$50
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$350
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$165
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Transaction Fees
(each transaction buy/sell)
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$500
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$0
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$0
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$300
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$600
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Annual Administration/Holding Account Fee(s)
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$590
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$2100
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$1850
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$500
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$860
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| Total Annual Fees for Year 1: |
$1140
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$2150
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$1900
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$1150
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$1625
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| Annual Fees for subsequent years: |
$590
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$2100
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$1850
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$500
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$860
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Conclusion: In this scenario, New Direction IRA and Lincoln Trust Company are the least expensive providers. New Direction IRA is only $10 less during the first year at $1140 but Lincoln Trust has lower subsequent fees at $500 vs $590 at New Direction IRA. In making a comparison between these two companies, we should mention that Entrust acts as an administrator, while Lincoln is just the custodian. Lincoln Trust clients would be responsible for all their own record keeping, while record keeping services would be provided at the same cost through Entrust.
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