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Background Information |
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Location |
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Oak Brook, IL |
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Sioux Falls, SD |
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New York, NY |
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Institution web site
(for information about provider) |
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Visit Website |
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Visit Website |
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Visit Website |
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Plan Sponsor Fees |
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Fees paid by plan sponsor to IRA provider |
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None |
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None |
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None |
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Account Holder Fees |
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Initial investment |
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FDIC Insured Interest Bearing Demand Account |
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Apex Stable Value Fund |
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Treasury Portfolio (short-term T-Bills) |
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Initial enrollment fee |
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None |
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None |
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None |
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Annual fee |
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$35 |
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$2.00 per month |
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0.85% all-in (inclusive of investment costs, equivalent to $21.25 on the average $2,500 automatic-rollover value) |
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Account termination fee |
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$25 closing fee ($0 per distribution) |
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20% of Account Balance Not to Exceed $30 |
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$20 closing fee, no distribution fee |
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Early withdrawal fee (prior to age 59½) |
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None |
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None |
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None |
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Alternate fund trading fees |
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Transaction Fees
(Applicable only to accounts investing in mutual funds, stocks, bonds, etc.)
Investment Transaction Charge
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Mutual Funds:
No-Transaction Fee Funds - No charge on-line or $25 phone order
Transaction Fee Funds - $15 on-line or $25 phone order |
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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 |
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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 |
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No trading fees |
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No trading fees (model-portfolio structure; not self-directed) |
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Additional services available to account holders |
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Comprehensive financial wellness and investment resources, including a broad lineup of IRA investment options and emergency savings fund. |
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Call center representatives are available to provide general account guidance and assistance. Account holders can transfer their assets at no cost to a PenChecks voluntary IRA, where they can select from additional investment options or choose a managed account solution powered by PGIM RetireWell technology. |
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US-based named customer service contact (“BeeKeeper”) available by phone, live chat, and email. Award-winning online account portal on web and iOS/Android apps. Target-date and risk-based model portfolios. Award-winning multimedia educational resources. Opt-in find-and-transfer service to consolidate accounts. |
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Other fees |
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Paper Statements (if requested or web access not elected) - $10 per year |
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Exception Processing
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Death distributions - $25 per |
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Divorce decrees - $25 |
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Searches (third and subsequent annual) - $10 per |
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Paper statement: $0 |
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Outgoing Check: $0 |
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Welcome Packet: $0 |
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Annual Address Search: $0 |
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Outgoing Wire: $30 |
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Administration fees do not increase over time |
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None |
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Separate fee for Roth rollover balances? |
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None |
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None |
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None |
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Does SS&C earn fees for services to the IRA Provider? |
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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]. |
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Yes, SS&C earns fees directly from PenChecks. Contact John L. Geli, the SS&C Relationship Manager, [email protected]. |
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Yes, SS&C earns fees directly from PensionBee. Contact John L. Geli, the SS&C Relationship Manager, [email protected]. |
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Fees earned by T. Rowe Price for services to SS&C or IRA provider |
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$0 |
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$0 |
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Investment yields as of 07/01/2026 |
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0.39% |
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2.90% after administrative expense |
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3.85% |
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Last yield update |
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Q2 2026 |
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7/01/2026 |
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Q2 2026 |
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Access to other investment options if account holder wants to trade |
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Yes |
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Yes |
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Yes — selection among target-date and risk-based model portfolios (not self-directed trading) |
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Investment alternatives |
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Stocks, bonds, CDs, mutual funds, alternative investments, and target date fund |
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Institutional share class index mutual funds |
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Target-date and risk-based model portfolios |
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Customer Service |
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Call center |
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Yes
(877) 682-4727 |
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800.541.3938 (8am – 8pm EST) |
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Yes
(646) 212-0147
U.S-based support is also available via live chat and email, with a named “BeeKeeper” service contact |
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Customer web site |
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Visit Website |
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Visit Website |
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Visit Website |
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Communications sent to account holders |
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Initial
Welcome Kit
Ongoing
Annual statements and tax reporting |
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Initial
Welcome Kit
Ongoing
Annual statement and tax reporting |
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Initial
Welcome Kit
Ongoing
Quarterly account statements, tax reporting, quarterly updates on new product features and free educational resources |
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Frequency of new account holder searches |
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Search performed initially when a participant is deemed missing, at six months and every year until location efforts have been successful.
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Annually at no additional cost |
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Search performed initially when a participant is deemed missing, quarterly in the first year, and every year thereafter until the participant has claimed their account. |
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On-line distribution processing |
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Yes |
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Yes |
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Yes |
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Will you accept distributions of less than $1,000? |
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Yes |
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Yes |
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Yes |
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Will you accept missing participants? |
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Yes |
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Yes |
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Yes |
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Are account holders with foreign addresses accepted? |
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No |
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Yes |
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No |
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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)? |
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Yes |
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Yes |
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Yes |
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Time frame to establish an IRA post data file received |
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Within 24 hours |
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Within 24 hours |
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Within 24 hours |
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