REQUIRED 408(b)(2) FEE DISCLOSURE
This Fee Disclosure (or “Compensation Disclosure”) incorporates by reference Terms and Service Order between Client, Plan, and Uniglobal, including any schedule, addendum, appendix, and/or amendment.
American Funds Recordkeeper Direct Payments
Uniglobal Pension Planning, Inc. (“Uniglobal”) may receive payments under the American Funds Recordkeeper Direct platform. Payments are made for Uniglobal’s installation services and for certain other functions provided by Uniglobal to the Plan, including but not limited to:
- Reconciliation of assets on takeover plans;
- Reconciliation of loans on takeover plans;
- Coordinating data for set-up of new and takeover plans;
- Setting up administrative systems for new and takeover plans;
- Managing existing American Funds Recordkeeper Direct plans for retention; and
- Using American Funds Recordkeeper Direct electronic interfaces.
Eligibility and Payment: Eligibility for American Funds Recordkeeper Direct payments depends upon the share class selected for your plan. The chart below (also found in your American Funds Recordkeeper Direct Recordkeeping Services Agreement) details the TPA Sub-TA Annual payment schedule:
| Plan assets | R-2 shares | R-3 shares | R-4 shares | R-5 & R-6 shares |
| Less than $1 million | 0.12% of assets | 0.10% of assets | 0.02% of assets | 0.00% |
| At least $1 million, but less than $2 million | 0.11% | 0.09% | 0.02% | 0.00% |
| At least $2 million, but less than $3 million | 0.10% | 0.08% | 0.02% | 0.00% |
| At least $3 million, but less than $4 million | 0.09% | 0.07% | 0.02% | 0.00% |
| At least $4 million, but less than $5 million | 0.08% | 0.06% | 0.02% | 0.00% |
| At least $5 million, but less than $6 million | 0.06% | 0.06% | 0.02% | 0.00% |
| $6 million or more | 0.05% | 0.05% | 0.02% | 0.00% |
Payment, if applicable, will be made to Uniglobal from American Funds on a quarterly basis.
Uniglobal off-sets expenses otherwise billable to Clients in connection with plans that utilize American Funds Recordkeeper Direct contracts that utilize R-2, R-3, or R-4 shares. Specifically, the fee schedule used for clients whose plans are funded with American Funds Recordkeeper Direct contracts reflects fees that are lower in some respects than the fees charged to some other clients of Uniglobal whose plans are not funded by American Funds Recordkeeper Direct contracts.
Plans and Contracts Effective January 1, 2018 or later – Eligibility and Payment: Eligibility for American Funds Recordkeeper Direct payments depends upon the share class selected for your plan. The chart below (also found in your American Funds Recordkeeper Direct Recordkeeping Services Agreement) details the TPA Sub-TA Annual payment schedule:
| Plan assets | R-2 shares | R-3 shares | R-4 shares | R-5, R-5E, & R-6 shares |
| Less than $1 million | 0.12% | 0.05% | 0.02% | 0.00% |
| At least $1 million, less than $2 million | 0.05% | 0.05% | 0.02% | 0.00% |
| At least $2 million, less than $3 million | 0.05% | 0.05% | 0.02% | 0.00% |
| At least $3 million, less than $4 million | 0.05% | 0.05% | 0.02% | 0.00% |
| At least $4 million, less than $5 million | 0.05% | 0.05% | 0.02% | 0.00% |
| At least $5 million, less than $6 million | 0.05% | 0.05% | 0.02% | 0.00% |
| $6 million or more | 0.05% | 0.05% | 0.02% | 0.00% |
Payment, if applicable, will be made to Uniglobal from American Funds on a quarterly basis.
Uniglobal off-sets expenses otherwise billable to Clients in connection with plans that utilize American Funds Recordkeeper Direct contracts that utilize R-2, R-3, or R-4 shares. Specifically, the fee schedule used for clients whose plans are funded with American Funds Recordkeeper Direct contracts reflects fees that are lower in some respects than the fees charged to some other clients of Uniglobal whose plans are not funded by American Funds Recordkeeper Direct contracts.
Direct Compensation
Please refer to the Service Order for fees that are considered Direct Compensation such as Administration and Compliance Service Fees, Loan Processing & Origination Fees, Participant Distribution Fees, and QDRO Review Fees. All Direct Compensation paid by the Plan and/or Client is disclosed in Terms, Service Order, and/or any addendum, attachment, schedule, exhibit, appendix, or amendment, as applicable, including this Compensation Disclosure, and together with fee related materials from other parties including Other Service Provider Compensation Disclosures constitute Uniglobal’s compliance with this disclosure law.