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July 1st, 2007 - Deferral.com recently announced a revised pricing schedule for its online nonqualified deferral plan administration system. The company has moved to an annual fee which trails off to a mere $28 per participant.
"This pricing provides an attractive solution for virtually any deferral plan. Deferral.com can easily accommodate small, highly customized plans as well as large corporate mirror and wrap-around arrangements," says AFS Chairman and Founder Dan Johnson.
The company will continue to employ a "pay as you load" approach, so that clients are not forced to make a financial commitment beyond their actual system needs.
Annual Fees
The annual per participant fee for each plan will be $180 for the first 10 participants, $120 for participants 11-20, $60 for participants 21-30 and $28 for all participants beyond the first 30.
| First 10 Participants |
$180 |
| Participants 11-20 |
$120 |
| Participants 21-30 |
$60 |
| Participants 31+ |
$28 |
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Recent improvements in operations and
cost structure as well as system automation
have allowed Deferral.com to improve efficiency and implement this dramatic reduction in fees.
Initial Training Fees
New clients will be charged a one-time training fee of $2,500. After the initial training, most users will be able to load their own plans; the only ongoing fees will be the annual per participant charges.
"Our goal is to empower our users to manage and control their plans on our system," says Senior Vice President Megan Roschen.
Supplemental Support and
System Customization
Deferral.com will continue to offer
supplemental back office support,
including historical data load and system customization, to clients who need these services. Charges for this optional support will be on an hourly basis.
Contact:
Megan Roschen, Senior Vice President
mroschen@deferral.com
Deferral.com.
275 Wyman St. - Suite 16
Waltham, MA 02451
Tel. 781-647-8700 x667
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