• “I appreciate the ability to shelter even more of my income from taxes.”
     S. Chin, MD
     Emergency Medical Associates

 

 

 

Fee Schedule

MedAmerica Financial Services, along with legal counsel, have developed these retirement plans specifically for hospital based physician groups.  Fee Schedules are different for small groups than larger groups.

Fees for small group (under 50 physicians) 401k plans are fixed at .40% of plan assets annually.   In addition, there is a $6 charge per enrolled physician per month.  These fees will be paid directly from plan assets.  For defined benefit plans, fees are fixed at .60% of plan assets.  Mutual Fund investment management fees are not included.  Additional fees for loan set up are the responsibility of the physician.

Large group plan fees are lower than the small group plan fees but are dependent on the number of physicians and the number of assets included with the plan.

In the event that a group wishes to terminate or rollover their existing plan, additional one-time charges may apply.

 

 

 

 

 

 

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