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.
Lincoln Financial Group TPA Programs
Uniglobal may receive payments from Lincoln National Corporation and its affiliates, collectively “Lincoln” or its marketing name "Lincoln Financial Group" for services provided by Uniglobal to Lincoln in connection with the Plan. Uniglobal may receive “service fee income” or "TPA reimbursement" payments from Lincoln. Uniglobal does not have sufficient information to disclose, in advance, the exact amount of service fee income it will receive from Lincoln. However, the amounts received by Uniglobal will be disclosed on the Plan’s Form 5500 for the Plan Year in which such payments are made, if any.
Lincoln Director program
New sales reimbursement
Uniglobal may be eligible to receive a one-time TPA reimbursement of 0.15% on Lincoln Director plans with takeover assets greater than $150,000. This amount can be increased by 0.05% increments, up to 0.35%, increasing the plan asset charge by 0.01% for every 0.05% of TPA reimbursement. Payments are capped at $12,500.
Ongoing administration
This program allows for the ability to tailor the specific amount needed to off-set on-going administrative expenses for shared clients. This amount can be customized from 0.00% to 0.50%, as authorized and agreed upon by Client and Plan. Each 0.05% of ongoing administration reimbursement results in a 0.05% change of asset charge.
Lincoln Alliance program
New sales reimbursement
Uniglobal may be eligible to receive a one-time TPA reimbursement of 0.25% (capped at $12,500) on Lincoln Alliance plans with takeover assets greater than $1 million.
Ongoing administration
This program allows for the ability to tailor the specific amount needed to off-set administrative expenses for shared clients. These customized reimbursements will pass through a plan expense account, as authorized and agreed upon by Client and Plan.
Service Fee Income/TPA Reimbursement
Uniglobal may be paid service fee income and/or TPA reimbursement by Lincoln for services provided both to the Plan, on behalf of Lincoln, as well as for services to Lincoln, which services are completed in connection with the services provided by both Uniglobal and Lincoln to the Plan.
These services include, but are 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 Lincoln plans for retention; and
- Using Lincoln electronic interfaces.
The program applicable to each Plan, if any, will be determined by Lincoln at its discretion.
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.
Lincoln Financial Group is not affiliated with Uniglobal Pension Planning, Inc. nor any of its affiliates.