The fees and services stated here are shared for informational purposes only. This document is designed to provide transparency regarding WealthRabbit's fees and services associated with individual and employer-sponsored retirement accounts, including SIMPLE IRAs, SEP IRAs, and Traditional/Roth IRAs, as well as the associated administrative and transaction fees.
Introduction and Purpose
This Fees and Services Disclosure ("Disclosure") is provided by WealthRabbit, Inc. ("WealthRabbit," "we," "us," or "our") to give clients, plan sponsors, and plan participants a clear and complete understanding of the fees, charges, and services associated with the individual retirement account ("IRA") products and employer-sponsored retirement plans administered through the WealthRabbit platform.
This Disclosure should be read together with WealthRabbit's Form ADV Part 2 and Form CRS, each of which contains additional information about WealthRabbit's services, fees, conflicts of interest, and the nature of the client relationship. Copies of the Form ADV Part 2 and Form CRS are available upon request and are provided to clients prior to or at the time of engagement.
WealthRabbit does not provide legal, tax, or accounting advice. Nothing in this Disclosure should be construed as legal, tax, or accounting advice. Clients and plan sponsors are strongly encouraged to consult their own qualified legal, tax, financial, and accounting advisors regarding the suitability of any retirement plan or investment product, compliance with applicable laws, and the tax consequences of any plan design decisions or transactions.
| Plan Sponsor | An employer that establishes and maintains an employer-sponsored retirement plan (SIMPLE IRA or SEP IRA) through WealthRabbit on behalf of its employees. |
| Participant | An employee enrolled in an employer-sponsored plan, or an individual who has established a personal IRA (Traditional, Roth, or Backdoor Roth) directly with WealthRabbit. |
| Client | A Plan Sponsor, Participant, or individual account holder, as the context requires. |
About WealthRabbit
WealthRabbit is a comprehensive retirement services platform designed to help businesses and individuals establish, manage, and grow their retirement accounts. WealthRabbit offers a range of IRA products, including SIMPLE IRAs, SEP IRAs, Traditional IRAs, Roth IRAs, and Backdoor Roth IRA conversions, together with tools for payroll integrations, contribution processing, and account transfers.
WealthRabbit serves as the recordkeeper and administrator for the retirement accounts described in this Disclosure. WealthRabbit is not a broker-dealer, investment adviser, fiduciary (except as expressly agreed in writing), or insurance company. Services are limited to those described in this Disclosure and the applicable service agreement.
Scope of Services
WealthRabbit provides the following core administrative and recordkeeping services across all supported plan types:
- Account setup, onboarding, and enrollment processing for plan sponsors and participants
- Ongoing recordkeeping of account balances, contributions, and transaction history
- Processing of employee and employer contributions, including payroll integration support
- Account statement generation and online portal access for sponsors and participants
- Processing of transfers, rollovers, and distributions
- Compliance support and annual maintenance reporting
- Customer support via phone and email
WealthRabbit does not provide investment management, financial planning, or brokerage services unless separately agreed to in writing. WealthRabbit will not act as a fiduciary with respect to investment decisions unless expressly designated as such in a separate written agreement.
Retirement Plan Products Offered
WealthRabbit currently supports the following retirement plan types:
- SIMPLE IRA (Savings Incentive Match Plan for Employees) — employer-sponsored
- SEP IRA (Simplified Employee Pension) — employer-sponsored
- Traditional IRA — individual
- Roth IRA — individual
- Backdoor Roth IRA — individual (a non-deductible Traditional IRA contribution followed by a conversion to a Roth IRA)
Each plan type is subject to its own IRS contribution limits, eligibility rules, and tax treatment. WealthRabbit does not advise clients on eligibility for or the tax consequences of any particular plan type. Clients should consult a qualified tax advisor before selecting a plan.
Fee Schedule
All fees described in this Section 5 are charged to the client or plan participant ('Customer') unless otherwise indicated. Fees are subject to change; WealthRabbit will provide advance notice of fee changes as required by the applicable service agreement and applicable law.
SIMPLE IRA — Employer-Sponsored Plan
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Monthly Base Fee (Plan Sponsor) | Plan Sponsor | $29.00 / month |
| Monthly Per-Participant Fee | Plan Sponsor | $4.00 / employee / month |
| Annual Account Maintenance Fee | Participant | $10.00 / account / year |
The monthly base fee and per-participant fee are employer obligations. The per-participant fee is assessed for each enrolled participant regardless of whether contributions were made during the billing period. Account opening and annual maintenance fees are assessed against the participant's account.
SEP IRA — Employer-Sponsored Plan
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Monthly Base Fee (Plan Sponsor) | Plan Sponsor | $29.00 / month |
| Monthly Per-Participant Fee | Plan Sponsor | $6.00 / employee / month |
| Annual Account Maintenance Fee | Participant | $10.00 / account / year |
The monthly per-participant fee applies to every employee with an open SEP IRA account, regardless of whether contributions were made during the billing period.
Traditional IRA — Individual Account
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Monthly Base Fee | - | $0.00 |
| Annual Account Maintenance Fee | Participant | $10.00 / account |
WealthRabbit does not charge a monthly base fee for individual Traditional IRA accounts. Basic administrative services are included at no additional monthly charge.
Roth IRA and Backdoor Roth IRA — Individual Account
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Monthly Base Fee | - | $0.00 |
| Annual Account Maintenance Fee | Participant | $10.00 / account |
WealthRabbit does not charge a monthly base fee for Roth IRA accounts. Backdoor Roth conversions are processed as part of standard account services at no additional conversion fee.
Asset Management Fee (All Account Types)
An annual asset management fee is charged to participants and individual account holders based on the total assets held in the account. This fee is calculated on the account balance as of the last day of each calendar month and is deducted on a monthly basis (at 1/12th of the applicable annual rate). The applicable annual rate is determined by the total account balance according to the following tiered schedule:
| Account Balance | Annual Rate |
|---|---|
| $0 – $249,999 | 0.50% per annum |
| $250,000 – $499,999 | 0.40% per annum |
| $500,000 – $749,999 | 0.30% per annum |
| $750,000 – $999,999 | 0.25% per annum |
| $1,000,000 and above | 0.20% per annum |
The asset management fee is assessed on the total account balance as of month-end and covers ongoing account monitoring, reporting, and investment recordkeeping services. This fee does not include any fund-level expense ratios charged by underlying investment vehicles, which are separate and not collected by WealthRabbit.
Transaction and Additional Service Fees
The following fees apply to specific transactions or service requests initiated by plan participants or account holders. These are charged on a per-transaction or per-request basis.
Wire Transfers and Expedited Delivery
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Outgoing Wire Transfer — Domestic | Plan Sponsor/ Participant | $25.00 |
| Outgoing Wire Transfer — Foreign / International | Plan Sponsor/ Participant | $50.00 |
| Overnight Mail — Domestic (per request) | Plan Sponsor/ Participant | $50.00 |
| Overnight Mail — International / Canada (per request) | Plan Sponsor/ Participant | $100.00 |
Paper-Based Transaction Fees
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Paper Check Draft / Regular Mail — Domestic | Plan Sponsor/ Participant | $5.00 / check |
| Paper Check Draft / Regular Mail — International | Plan Sponsor/ Participant | $10.00 / check |
| Paper Confirmation Fee (Retail Paper Only) | Plan Sponsor/ Participant | $2.00 / confirm |
| Paper Statement Fee (Retail Paper Only) | Plan Sponsor/ Participant | $5.00 / statement |
| Check Copies | Plan Sponsor/ Participant | $15.00 / copy |
ACH (Automated Clearing House) Fees
The following fees apply when an ACH transaction is returned or disputed:
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Returned ACH | Plan Sponsor/ Participant | $30.00 / return |
| Returned Unauthorized ACH | Plan Sponsor/ Participant | $30.00 / item |
| Stop Payments on WealthRabbit-Issued Checks | Plan Sponsor/ Participant | $30.00 / stop payment |
| Returned Checks, Wires, and Recalls (including amendment repairs) | Plan Sponsor/ Participant | $30.00 / item |
Account Transfers and Rollovers
The following fees apply when transferring or rolling over retirement funds between accounts, whether retirement or non-retirement accounts. ACATS (Automated Customer Account Transfer Service) fees apply to outgoing transfers initiated through the ACATS system.
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| ACATS — Outgoing Transfer, Non-Retirement Account (Full) | Participant | $75.00 |
| ACATS — Outgoing Transfer, Partial | Participant | $50.00 |
| ACATS — Outgoing Transfer, Retirement Account | Participant | $50.00 |
Incoming transfer and rollover processing is included as part of WealthRabbit's standard account services and is not subject to an additional fee.
Plan Termination Services
If a plan sponsor or participants elects to terminate an employer-sponsored plan (SIMPLE IRA or SEP IRA), WealthRabbit charges a termination processing fee to cover the administrative work required to close the plan, distribute participant balances, and generate required final reporting.
| Fee / Transaction | Charged To | Amount |
|---|---|---|
| Retirement Plan Services Termination Fee | Plan Sponsor/ Participant | $80.00 / event |
Advisory Scope and Responsibilities
WealthRabbit may provide investment advisory services in accordance with applicable regulations and the scope of services outlined in this Disclosure. Any such services are limited to investment-related guidance provided through the platform.
WealthRabbit does not provide legal, tax, or accounting advice. Plan sponsors, participants, and account holders are solely responsible for obtaining independent professional advice regarding the legal, tax, and accounting implications of establishing, adopting, or operating any plan.
All decisions related to plan design, contributions, eligibility, and compliance remain the responsibility of the plan sponsor or account holder.
Limitations of Services and Disclaimers
No fiduciary status (unless separately agreed): WealthRabbit does not act as a fiduciary with respect to any plan, plan assets, or individual account, except as expressly agreed in a separate written fiduciary agreement.
No guarantee of returns: WealthRabbit does not guarantee any investment return, rate of return, or preservation of principal.
IRS compliance: Participants are responsible for ensuring that contributions do not exceed applicable IRS annual limits and that they meet eligibility requirements for their chosen plan type. WealthRabbit does not monitor individual accounts for IRS compliance on behalf of participants.
Backdoor Roth: The Backdoor Roth IRA strategy may have significant tax implications, including the pro-rata rule for individuals holding other pre-tax IRA assets. Consult a qualified tax advisor prior to initiating a conversion.
Amendments: WealthRabbit reserves the right to amend this Disclosure at any time. Material changes will be communicated in accordance with applicable law and the terms of the applicable service agreement. Continued use of WealthRabbit's services following notice of any amendment constitutes acceptance of the updated Disclosure.
Contact Information
For questions regarding this Disclosure or WealthRabbit's fees and services, please contact us:
WealthRabbit, Inc.
2685 Celanese Rd, Suite 100, Rock Hill, SC 29732
Phone: (704) 912-5450
Email: [email protected]
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