ERSOP® Services & Fees
We list the fees for our services on our website because we believe that you should be able to know the costs up front for starting and maintaining the ERSOP® Plan. If you have any questions about our fees or services, please contact our office at (866) 693-7767. You may also refer to the FAQ’s toward the bottom of the page.
Initial Consultation
Find Out if You Qualify- We provide free consultations to ensure that what we do will work for you and what you want to do!
This is YOUR business.
This is YOUR investment.
This is YOUR way.
And WE will show you how!
- We first determine if you qualify.
- We then lay out the strategy to get you started.
- We discuss the execution period of the ERSOP® lifecycle and common issues and solutions you’ll encounter.
- We also discuss the exit strategy for your plan and for your business.
ERSOP® Plan Establishment
Your American Dream Starts Here!- We are the only ROBS plan administration agency offering complete transparency in pricing.
- No gimmicks with “Super Plans” or “+Plans” or other gimmick-makers. Each plan can be tailored to your unique needs with no price bumping and no up-selling.
- You also avoid the gauntlet of booking appointments, filling out forms, and enduring high-pressure or neurotic and confusing sales tactics just to find out they are actually draining your investment account with one fee on top of another.
- We have a simple one-time setup fee of $6,500 which includes:
- • Setup consultation and ensuring all of your questions are answered.
- • A dedicated and knowledgeable Account Manager – your partner in annual plan administration.
- • Entity name search and registration in your elected State.
- • Corporation and Limited Liability Company formation documentation and filing.
- • Profit Sharing Plan and Trust Account document preparation.
- • Corporation binder, stock certificates, and stock ledger.
- • Strategic consulting with an ERISA attorney.
- • Startup, Growth, and Exit Strategy consultation with a Certified Exit Planning Advisor (CEPA) and Certified Mergers & Acquisitions Professional (CM&AP).
- • Personal introductions to our industry strategic partners, lenders, and advisors.
Annual Administration
Form 5500 Filing and Lifetime Support- Beginning the month following your plan creation, you pay a flat support fee of only $195/mo. This inlcudes:
- • Unlimited annual extension requests.
- • Unlimited adopting employers.
- • Unlimited Account Participants.
- • Unlimited participant loan management.
- • Unlimited terminating of participants.
- • Unlimited Form 1099-R and 1096 generation.
- • Unlimited self-induced amendments.*
- * A self-induced amendment is one created by you as a result of a change you generated intentionaly (or sometimes unintentionaly) in your plan. However, there is a periodic IRS/DOL Pension Plan Cycle Amendment, which occurs every 6 years, which is an intensive event and incurs a fee of $750-$1,500/plan depending on your plan’s particular structure at the time of the new cycle release. We find that most of our Plan Sponsors (You) pay $750 for the update; however, consult with your Account Manager to get your Cycle Amendment estimate. The next Pension Plan Cycle Amendment is in 2026.
FREE Transfer!
Transfer an Existing ROBS Plan for FREE!- If you already have an existing ROBS profit sharing plan and you are looking for a new Third Party Adminstrator (TPA) – then look no further!
We are THE BEST in the business and we welcome everyone!
- Are you orphaned and need a new home? No problem! Come here, fella… we gotchya!
- Got a tough plan? No problem! We’ll help you get it straightend out!
- Has your plan been neglected? No problem! We’ll give you all the attention needed to fix it!
- Is your plan out of control? No problem! We’ll get our arms around it and make it manageable again!
- Are you frustrated with the lack of advice or poor communication from your current plan provider? No problem! We are experts and we genuinely want to help!
- Are you seeking a more strategic approach to managing and exiting your ROBS but not getting the help or service you expect? No problem! We will map a course and guide you through to the end!
- Unlike those other money grabbers- we waive the transfer and startup fee.
- We’ll enroll you direclty into our Annual Administration program.
- You’ll be assigned to a dedicated Account Manager.
- You’ll receive regular updates throughout the year.
- You’ll gain access to our trusted ERISA advisors.
- You’ll once again feel confident about plan compliance and knowing you are appreciated and valued as client by a team who wants to help you!
Does ERSOP Charge Commision Fees?
No! And nobody else should be doing it either. ERISA states that the transaction is exempt from being a prohibited transaction “if no commission is charged with respect thereto . . .” to which the IRS adds “to or from a ‘disqualified person’.” We are defined in the Internal Revenue Code as a “disqualified person” because we provide services to the plan. If the IRS found during an examination (IRS audit) of your plan that we had paid or received a commission by any name, the IRS could assert the investment of the funds into the stock of your new corporation was a distribution subject to taxes and penalties. A franchisor must disclose any commissions paid or received in its FDD and if it is so disclosed in the FDD it would thereby be disclosed to the IRS. Therefore, anyone who pays or receives a commission in respect to establishing these plans are putting their clients at risk with the IRS.
Why Does ERSOP Charge a Flat Fee?
Because ERISA states that the transaction is exempt from being a prohibited transaction “if no commission is charged with respect thereto . . .” If we charged a variable fee instead of a flat fee for service, the IRS could assert that the variable fee was a commission, and therefore the investment of the funds into the stock of your new corporation was a distribution subject to taxes and penalties.
Do I Have to Use Your Administration Services?
No! You can use another administrator if you would like, in order to file your 5500 forms. We do not lock you into any fees. However, we strongly advise letting us handle this part for you because we can ensure this is being done correctly. This will help avoid audits, make things easier for you, and save you money in the long run when you are ready to implement the Exit Strategy.
Can I Reimburse Myself for Anything?
Yes! After you have your money in the Corporate bank account, some of the first checks you should write should be to yourself in order to reimburse yourself for any start-up expenses, including the $5,200 and other fees involved with CPA’s or Attorney’s, etc.
Can I Pay Online?
Yes. You may pay by going to ERSOP.com/Pay
