Automatic Rollover Service Program
Additional Automatic IRA Provider Selection

T. Rowe Price Retirement Plan Services, Inc. (T. Rowe Price) has made arrangements with DST Retirement Solutions, LLC, an SS&C company (SS&C) to offer enhancements to the automatic rollover service.  T. Rowe Price Trust Company will accept rollovers greater than $5,000.  The IRA providers shown below will accept automatic rollovers of $5,000 or less.  For your convenience, a side by side comparison of the IRA providers is shown below.

To maintain your existing services, select an IRA provider, complete and sign the agreement, and return the agreement to your
T. Rowe Price Retirement Plan Coordinator.

                     
      Inspira Financial
(this option previously offered by IPX Trust Company)		   Integrity IRA   Matrix Trust Company   Inspira Financial  
     
  Overview
 
  Overview
 
  Overview
 
  Overview
 
             
  Background Information  
Location   Oak Brook, IL   Denver, CO   Denver, CO   Oak Brook, IL  
Institution web site
(for information about provider)		   Visit Website   Visit Website   Visit Website   Visit Website  
  Plan Sponsor Fees  
  Fees paid by plan sponsor to IRA provider   None   None   None   None  
  Account Holder Fees  
  Initial investment   The Standard Guaranteed Fixed Interest Fund   Integrity IRA Stable Value   FDIC Insured Money Market Deposit Account   FDIC Insured Interest Bearing Demand Account  
  Initial enrollment fee   None   None   $15   None  
  Annual fee   $20   $45   $50   $35  
  Account termination fee   $20   $25 per distribution   $20 per distribution   $25  
  Early withdrawal fee (prior to age 59½)   None   None   None   None  
  Alternate fund trading fees   Transaction Fees
(Applicable only to accounts investing in mutual funds, stocks, bonds, etc.)

Investment Transaction Charge
• Mutual Funds:
No-Transaction Fee Funds - No charge on-line or $25 phone order
Transaction Fee Funds - $15 on-line or $25 phone order
• Publicly-Traded Securities (i.e. Stocks, ETFs):
$15 on-line or $25 phone order
plus brokerage commission: ($8 min.)
1-1000 shares -$0.020/share
1001-5000 shares -$0.015/share
5001+ shares -$0.010/share
• Certificates of Deposit (CD) and Bonds:
No charge for on-line or $50 phone order
CD renewal fee no charge for on-line or $25 phone order
  No trading fees   N/A   Transaction Fees
(Applicable only to accounts investing in mutual funds, stocks, bonds, etc.)

Investment Transaction Charge
• Mutual Funds:
No-Transaction Fee Funds - No charge on-line or $25 phone order
Transaction Fee Funds - $15 on-line or $25 phone order
• Publicly-Traded Securities (i.e. Stocks, ETFs):
$15 on-line or $25 phone order
plus brokerage commission: ($8 min.)
1-1000 shares -$0.020/share
1001-5000 shares -$0.015/share
5001+ shares -$0.010/share
• Certificates of Deposit (CD) and Bonds:
No charge for on-line or $50 phone order
CD renewal fee no charge for on-line or $25 phone order
 
  Additional services available to account holders   Comprehensive financial wellness and investment resources, including a broad lineup of IRA investment options and emergency savings fund.   Call center representatives are available for general account guidance. Accountholders can also get personalized investment advice or enroll in a managed account solution through Morningstar® Retirement ManagerSM.   Annual fee waived for accounts over $10,000   Comprehensive financial wellness and investment resources, including a broad lineup of IRA investment options and emergency savings fund.  
  Other fees   None  
• Periodic distribution: $8
• Paper-Based Service Requests: $5 per quarter
• Stop Payment: $25
• Reissue Check: $15
• Converting Traditional IRA to Roth IRA: $30
• Corrected 1099R (not due to processing error): $50
• Lost Participant Search: $10
• Lost Beneficiary Search: $105
• Escheatment to the State: $125
  None  
• Paper Statements (if requested or web access not elected) - $10 per year
• Exception Processing
• Death distributions - $25 per
• Divorce decrees - $25
• Searches (third and subsequent annual) - $10 per
 
  Separate fee for Roth rollover balances?   None   Same   None   None  
  Does SS&C earn fees for services to the IRA Provider?   Yes, SS&C earns fees directly from Inspira Financial. For specific information on the fees SS&C earns for services, please contact John L Geli, the SS&C Relationship Manager at [email protected].   Yes, SS&C earns fees directly from Integrity IRA. For specific information on the fees SS&C earns for services, please contact John L Geli, the SS&C Relationship Manager at [email protected].    Yes, SS&C earns fees directly from Matrix Trust Company. For specific information on the fees SS&C earns for services, please contact John L Geli, the SS&C Relationship Manager at [email protected].   Yes, SS&C earns fees directly from Inspira Financial. For specific information on the fees SS&C earns for services, please contact John L Geli, the SS&C Relationship Manager at [email protected].  
  Fees earned by T. Rowe Price for services to SS&C or IRA provider   $0   $0   $0   $0  
  Investment yields as of 01/01/2024   1.50%   3.50% (guaranteed through June 30, 2024)   0.5%   0.48%  
  Last yield update   Q1 2024   Q1 2024   Q4 2022   Q1 2024  
  Access to other investment options if account holder wants to trade   Yes   Yes   No   Yes  
  Investment alternatives   Stocks, bonds, CDs, mutual funds, alternative investments   Institutional share class index mutual funds   No alternate investments offered   Stocks, bonds, CDs, mutual funds, alternative investments  
  Customer Service  
  Call center   Yes
(877) 682-4727		   Yes
(855) 610-5686 [email protected]		   Yes
(888) 947-3472 Option 1		   Yes
(877) 682-4727		  
  Customer web site   Visit Website   Visit Website   No web site available   Visit Website  
  Communications sent to  account holders   Initial
Welcome Kit

Ongoing
Annual statements and tax reporting		   Initial
Welcome Kit

Ongoing
Quarterly account statements, tax reporting		   Initial
Welcome Kit

Ongoing
Annual account statements and tax reporting		   Initial
Welcome Kit

Ongoing
Annual statements and tax reporting		  
  Frequency of new account holder searches   Search performed initially when a participant is deemed missing, at six months and every year until location efforts have been successful.   Minimum of one search per year through the life of the account (lost only).   Periodic searches through life of the account. More in-depth search performed when account is ‘distributable’, meaning the account owner has reached age 70 ½ and is subject to Required Minimum Distribution.   Search performed initially when a participant is deemed missing, at six months and every year until location efforts have been successful.  
  On-line distribution processing   Yes   Yes   No   Yes  
  Will you accept distributions of less than $1,000?   Yes   Yes   Yes   Yes  
  Will you accept missing participants?   Yes   Yes   Yes   Yes  
  Are account holders with foreign addresses accepted?   No   No   No   No  
  Will you accept distributions from accounts outside of T. Rowe Price besides the recordkeeper source (e.g., when T. Rowe Price recordkeeps a DC plan, but DB plan is administered internally)?   Yes   Yes   Yes   Yes  
  Time frame to establish an IRA post data file received   Within 24 hours   Within 24 hours   Within 24 hours   Within 24 hours  
                     
Providers may earn administrative fees from Investments offered.

The content of this website is deemed accurate but not guaranteed. Neither T. Rowe Price nor SS&C accepts any legal liability for errors, omissions or statements on this site or any third party site to which this page connects. Some content including the overview and rollover service agreements are prepared by the IRA providers, and T. Rowe Price and SS&C do not control, create or own this content.
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