Explanation of Billing Invoice Fully-Administered Program

1 800-356-91408:00 to 6:00 CTMonday through of Billing InvoiceFully- administered ProgramBilling Invoice ScheduleAscensus uses an advanced Billing schedule to Invoice your organization on asemi-annual basis. Billing fees include taxes, if applicable. First semi-annual bill: The Billing Invoice is mailed in January as an advanced Invoice for services in the current year (January December), and for services rendered July December of the previous year that have not yet been billed. Payment is due upon receipt. Second semi-annual bill: The Billing Invoice is mailed in July as a catchup Invoice for services rendered January June of the current year that were not included in the January Invoice . Payment is due upon financial organization may have elected to remit payments electronically through Automated Clearing House (ACH) transactions. If the electronic settlement option was not elected, remittance must be by Billing Invoice may consist of the following Organization Fees1.

2 Monthly Administration Fee: A fee is charged for each month your financial organization is enrolled in the Fully-Administered Program . 2. Late Receipt Fee: A late fee is charged for FMV, 1099, and 5498 tax reporting information received after our published deadline. 3. Processing Issue Fee: A late fee is charged for FMV, 1099, and 5498 tax reporting information that is not in IRS format and requires additional processing. 4. Test/Training Environment Fee: An annual fee is charged if your financial organization uses our IRAdirect Interact training Owner Fees1. Closed Account Fee: This fee is charged for each account closed during the Billing cycle. 2. Record Retention Fee: For financial organizations enrolled in our Record Retention service, an annual per account fee is charged for each open account to image and store documents. Account Owner and Beneficiary Account Fees1. Account Maintenance: An annual per account fee is charged for maintenance and tax reporting based on total accounts (IRA, ESA, and HSA).

3 First semi-annual bill (January): The fee is charged on all existing IRAs, ESAs, and HSAs that were open as of January 1 of the current year. Second semi-annual bill (July): The fee is charged on new IRAs, ESAs, and HSAs opened January June of the current year that were not included in the first semi-annual Postage Fee: A first-class postage fee is charged for each tax form and FMV statement mailed during the Billing cycle. For financial organizations enrolled in our IRA Withholding Notice Mailing service, this fee is also charged for each withholding notice mailed during the Billing eTax Form Fee: A fee is charged for each electronic tax form and FMV statement produced during the Billing Withholding Notice Mailing Fee: For financial organizations enrolled in our IRA Withholding Notice Mailing service, a fee is charged for each withholding notice generated for an account owner or beneficiary during the Billing cycle. 5. Remote eSign Fee: For financial organizations that use our electronic signature functionality (IRAdirect eSign), a fee is charged for each transaction completed with our remote eSign express Fees1.

4 IRAdirect express Enrollment Fee: A fee is charged for establishing the connection between your data processor and IRAdirect. 2. IRAdirect express VPN Access Fee: If you use a Virtual Private Network (VPN), a monthly fee is charged for servicing and monitoring the VPN connection between your data processor and IRAdirect. 3. IRAdirect express Account Fee: An annual fee charged for servicing and maintaining accounts using IRAdirect IRAdirect express DP Fee: An annual fee charged for servicing and maintaining the connection between your DP (data processor) and you have questions about your Billing Invoice or would like information on other services we offer, please contact the IRA Call Center at 800-356-9140 between 8:00 and 6:00 Central Time, Monday through and the Ascensus logo are registered trademarks of Ascensus, is a registered trademark of Ascensus, express is a trademark of Ascensus, 2020 Ascensus, LLC. All Rights Reserved.

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