Retirement Account Custodial Fee

Pacific Funds will apply a custodial fee for retirement accounts and Coverdell ESA accounts where BNY Mellon Investment Servicing (or Services) Trust Company is the custodian. To help your clients save money and protect the environment, they can have custodial fees waived on their accounts by meeting one of the following criteria:

  • Election of the eDelivery option
  • Aggregated retirement accounts under the same Social Security number with assets greater than $15,000 on the effective date

Accounts that do not meet the waiver criteria will be subject to an annual fee of $15 per unique Social Security number. Your clients’ accounts will be billed directly in the fourth quarter of each year.