Understanding Your Annual Maintenance Fee

By Equity Trust Staff4 Comments

At the end of every year, Equity Trust assesses your annual maintenance fees based on the total value of your account.  The invoice for fees is published with your year-end statement, which is viewable online through myEQUITY.  This year, the annual maintenance fees are due in February and Equity Trust has a variety of options available to you for paying your account fees:
  • Deduction from available cash in your account 
  • Check payment
  • Visa, MasterCard or American Express
Here's a breakdown of what is included in your annual maintenance fees:
  • Attorney fees for plan compliance
  • Updating forms revisions regarding IRS rules and regulations
  • Auditing costs
  • Processing contributions, investments and distributions
  • Bonding and insurance fees
  • All security and property positions held in the safekeeping vault
  • Quarterly safekeeping audit
  • Quarterly statements providing combined money market activity, security movements and portfolio value
  • IRA regulatory reporting
    • IRS forms:
      • 1099R - Complete Liquidation and Partial Liquidation
      • 5498 - Valuation of Account and Reporting on contributions and rollovers
  • Customer Service
    • Inquiries
    • Postage and mailing
    • Notification rights and warrant offerings
In addition, your account with Equity Trust gives you access to free webinars and our online community, myEQUITY.

If you ever have a question about your account valuation or fees, please do not hesitate to contact our Client Service Team at 888-382-4727.