HomeMy WebLinkAbout1998 01 27 Fees with Trustee Investment Management~~
06192
FEES FOR TRUSTEE WITH INVESTMENT RESPONSIBILITY/
CUSTODIAN WITH INVESTMENT RESPONSIBILITY/
INVESTMENT MANAGEMENT
$10.00 per $1,000 on first $1,000,000
$ 7.50 per $1,000 on next $9,000,000
$ 5.00 per $1,000 on next $15,000,000
Over $25,000,000 fees are negotiable
Computed on Market Value of Assets
** Minimum Annual Fee - $3,000 **
Additional Charges:
- A reasonable hourly charge may be made for extraordinary services including, but not limited to,
the acceptance or termination of an account, note collection procedures for the past due
participant loans, and preparation of special financial reports and schedules.
- A charge of $500.00, plus $25.00 per security transaction, except purchases and sales of
SunTrust Bank Funds, will be made annually for individual participant investment accounts and
segregated accounts.
- Cash surrender values of insurance policies will be included in the market value of assets set
forth above. If no cash surrender value is available, a charge of $50.00 annually, per policy, will
apply.
- $20.00 wire transfer charge for all incoming and outgoing wires.
- $50.00 annually per participant loan held; $15.00 per past due loan letter required to be provided.
- Separate fee schedules apply to investment in real estate.
Limited Partnerships:
- $25.00 charge for pricing of each limited partnership held in the Plan. Pricing frequency will be
annually, unless valuations are to occur more frequently for allocation purposes.
- 990-T Reporting. When servicing in the capacity of Trustee, a Form 990-T may be required for
certain asset types. Accounts will be billed for actual expenses incurred.
Master Plan Use:
- Single EmDloyer - $1,000.00. Includes adoption and filing with the IRS for determination and
$750.00 for any future filing requirements. Does not include IRS user fees.
- Controlled Group/Affiliated Service Employer. $750.00 per Adoption Agreement. Does not
include IRS filing.
* Minimum fee accounts invested solely in Common Trust Funds -quarterly statements.
Should account require individually managed securities, the minimum annual fee will
increase to $10,000.00.
"FLOAT" DISCLOSURE STATEMENT
All benefit distributions and other payments paid by check from your plan or account are drawn on an omnibus account in the name
of SunTrust Bank. Any income earned on the "float" associated with such payments is retained by SunTrust as part of our
compensation for handling these payment transactions. Benefit distributions and other payments paid by direct deposit, wire
transfer or other electronic method of transfer do not have any "float".
DAILY TRANSACTIONS => 56825788 WINTER SPGS, CITY OF-MPPP IM NO MORE DATA
SELECT FUNCTION =__>
PFK4 FOR PRIOR DATE, PFK5 FOR NEXT DATE, CHANGE ACCT/DATE AND PRESS PFK6
• 01/07/98 OPENING: 7,372.47- (P) 7,363.42 (I)
DIV TC= 215 SEC= 784766370 REG= 000 437.86 I
STI CLASSIC FUNDS
SMALL CAP EQUITY FD TR CL
ADDITIONAL RETURN ON INVESTMENT
---------PFK4 = PRIOR DATE; PFK5 = NEXT DATE; PFK6 = CHANGE ACCT/DATE----------
DIV TC= 215 SEC= 784766388 REG= 000 212.76 I
STI CLASSIC FUNDS
INTERNATIONAL EQUITY FUND
TRUST SHARES
----------------------------------------
DIV TC= 215 SEC= 784766750 ------------------
REG= 000 ------------------
398.03 ---
I
STI CLASSIC FUNDS
MID CAP EQUITY FD TR SHS
ADDITIONAL RETURN ON INVESTMENT
--------
--------------------------------
SOLD TC= 020 SEC= 990002123 ------------------
REG= 020 ------------------
10.00 ---
P
AIM STIC TREASURY PORTFOLIO
10.00- C
10- U
01/07/98 CLOSING: 7,362.47- (P) 8,412.07 (I)