Trust Fee Schedule
Personal Trusts*
Investment Management Account (Agency)*
| First $400,000 | 0.95% |
| Next $300,000 | 0.85% |
| Next $1,000,000 | 0.75% |
| Balance | 0.65% |
*Fees are charged based on the market value of assets and liabilities
Employee Benefit Plans
| First $400,000 | 0.95% |
| Next $300,000 | 0.75% |
| Next $500,000 | 0.65% |
| Balance | 0.55% |
Self-Directed Individual Retirement Accounts (IRA)*
| First $200,000 | 0.60% |
| Next $300,000 | 0.50% |
| Next $1,500,000 | 0.40% |
| Balance | 0.30% |
*Fees are charged based on the market value of assets and liabilities
Annual Minimum Fees
| Personal Trusts | $400 |
| Investment Management (Agency) | $300 |
| Self-Directed IRA | $48 |
| Custodial Accounts | $250 |
| Guardianships $500 | $500 |
| Employee Benefit Accounts | $500 |
| Estate Administration | $750 |
Executor/Administrator of Estates
Maximum fees are based on personal property passing through the estate and are set by Arkansas Law.
| First $1,000 | 10% |
| Next $4,000 | 5% |
| Balance | 3% |
Additional Fees
There may be a higher fee charged for an individual investment product. This will be disclosed prior to purchase of that investment. The department reserves the right to negotiate fees based upon the nature of the work required. There is a mailing charge for forwarding statements on assets owned in Self-Directed IRAs. Fees (and minimum fees) are charged quarterly. If an account is terminated during a quarter, a full quarter’s fee will be charged. Subject to approval of the appropriate court. This sheet contains rate and fee information established at the time of publication. First Arkansas Bank and Trust reserves the right to modify this information.
Other Fees
| IRA Closing Fee | $50 |
| Early (within 90 days) IRA Closing Fee | $25 |
| Excessive (More than 12 per year) IRA Distributions | $10 each |
| Closing Fee for Personal Trusts and Investment Management (Agency) | $20 per Asset |
There is an additional charge for placing real estate within a self-directed IRA as follows:
| Opening Fee | $25.00 per property |
| Closing Fee | $25.00 per property |
| Annual Fee | $40.00 per property per year |
Effective 1/1/2006
