What costs are involved with a SIMPLE IRA plan?
There is a $25 administrative fee for each T. Rowe Price mutual fund account in your SIMPLE IRA. The fee is waived for any mutual fund account with a balance of $5,000 or more, for individuals with $50,000 or more, or for households with $100,000 or more invested with T. Rowe Price. Assets held in a 529 plan, a plan that is part of the Century Program, or assets held in a plan that was/is recordkept in the Retirement Plan Services division of T. Rowe Price are not counted toward these limits. Total fees for any SIMPLE IRA investor will not exceed $100, regardless of the number of mutual funds held. There is a closeout fee of $25 per mutual fund when your SIMPLE IRA assets are distributed, unless the fee has been paid previously.
