ANNUAL FEES: Choose ONE of the following options:
OPTION 2: FEE BASED ON TOTAL ACCOUNT VALUE
Total Accou
nt Value Is Between:
$0 $14,999.99
$15,000 $29,999.99
$30,000 $44,999.99
$45,000 $59,999.99
$60,000 $89,999.99
$90,000 $124,999.99 $700
$125,000 $249,999.99 $950
$499,999.99$250,000 $1,250
$500,000 $749,999.99 $1,650
$750,000 and up $1,850
TO OPTION 1
Account Setup:
Transaction Fee:
Wire Transfers:
Cash Distributions:
Partial Transfer Out:
Full Termination:
PAYMENT INFORMATION: Select how you would like to pay your Midland administrative fees
OPTION 1: FEE BASED ON NUMBER OF ASSETS
$325
$500
$50 per Outgoing IRA-To-IRA Transfer, Plus Asset Re-Registration Fees for In-Kind Transfers (If Applicable.)
$150 If Account Held for 2+ Years. $250 If Under 2 Years. Plus, Asset Re-Registration Fees for In-Kind Transfers or In-Kind Distributions (If Applicable).
Overnight Mail, Ocial Check, Returned Deposit, Stop Payment, Cred Card/ACH Return: $30 per occurrence.
Special Notication/Research Fees: Matured Notes, Late Fair Market Valuation, Valuation Research: $50 Each (No Charge for 1st Notice. Fee Begins With 2nd Notice).
Cash Only Accounts: $100 Annually (Only Applicable for Asset Based Fee Accounts With No Assets and No Buy/Sell Activity for Previous 12 Months).
Trust Checks:
ACH Transfers:
Free for Initial Asset Purchases. $5 for all other requests ($10 if not submitted online).
$425
$350
$300
$2
2
5
Annual Fee
MISCELLANEOUS SERVICES
$15 Incoming Wires (Free for Incoming IRA Transfers or Rollovers); $30 Outgoing Domestic (Free for Futures/Forex); $50 Outgoing International.
Payment Portal Deposits: Midland reserves the right to charge a $5 processing fee for any investment income deposit not submitted through the Midland Payment Portal.
Rush Transaction: For funding requests where investment documents or funds are not in good order before one business day of funding request: $150
Eective April 1, 2022
MIDLAND FEE SCHEDULE
THE OPTION WILL DEFAULT
*IF NO SELECTION IS MADE,
ACCOUNTS
FOR FUTURES/FOREX
/CRYPTO
*OPTION 2 IS NOT AVAILABLE
$50 for online applications. $100 if not submitted online. (Non-Refundable)
Free If Submitted Online or If Recurring.
($25 if not submitted online). No Delivery Fee for ACH. Check/Wire Fee Applies Where Applicable.
$1
5
0
$50
$100
Crypto)
Traditional Brokerage
/
Bank Account
(excluding
Priva
te Bank Stock
Mortgage Payable
Precious Metals (depository holding fees charged separately)
.
Notes/Mortgages, Futures/Forex (per FCM)
, Crypto,
Per Asset
for
Real Estate, LLCs, Private Placements,
$5 per request ($10 if not submitted online). Exceptions: Free ACH Distributions of Cash.
$25 Online Capital Calls/Additional Fundings/Trading Acct Withdrawals ($50 if not submitted online).
$125 Applies to Each Purchase/Sale/Re-Registration of an Asset.
Exceptions: $200 Real Estate, $50 Precious Metals/Trading/Bank Accounts.
FOR
PROCESSING, RETURN TO:
Midland Trust | P.O. Box 07520 | Fort Myers, FL 33919 | (239) 333-1032 | (239) 466-5496 Fax | www.midlandtrust.com/upload
Signature
Printed Name
Date
The current Midland fee schedule can be found at www.midlandtrust.com/fee-schedule/
policy. A copy of your plan agreement can be found online at www.midlandtrust.com/5305 or by calling our oce.
right to change all or part of the Custodial Fee Schedule at its discretion with 30 days advance notice. Please refer to the 5305 for the complete disclosure of the uninvested cash
CUSTODIAN’S FEES:
Midland Trust Company may use and earn income on your uninvested cash, as permitted by law. As the Custodian, Midland Trust Company reserves the
account reinstatement fee must be paid prior to account reinstatement.
holder and will be reported on IRS Form 1099-R. Account reinstatement eligibility will be determined at Midland’s sole discretion. All past due fees, late charges, and a $150
account to pay for such fees after 30 day notication. Accounts with past due fees will be closed. Any remaining assets in the account will be a taxable event to the account
your Undirected
Cash. In accordance with your Plan Agreement and Disclosures, if there is insucient undirected cash in your account, we may liquidate other assets in your
PAST
DUE
FEES:
Fees
that
remain
unpaid
for
more than
30
calendar
days
are considered
past
due.
A
late charge
of
$20
per
month
will
apply.
Past
due
fees
will
be
deducted
from
account statement.
assets sold, transferred or otherwise removed prior to the end of your billing cycle will not be pro-rated and/or refunded. Fees paid from your account will be reected on your
you purchase an asset in May, there are 3 quarters left in your normal billing cycle (May-Jan), so your pro-rated asset holding fee of $325 would be $325 x 3/4 = $243.75. Fees for
cycle would be February 1 through January 31. Fees for asset purchases made after the
rst quarter of your billing cycle may be pro-rated on a quarterly basis. For example, if
cycle is dened as a
12-month period from day 1 of the month of your initial account opening. For example, if your account was initially opened on February 14th, your billing
BILLING CYCLE:
Administration fees will be assessed and due upon initial account opening, initial asset acquisition and annually on the 1st day of your billing cycle. Your billing
balance below $250.
MINIMUM BALANCES:
Accounts must keep a minimum of $250 undirected cash at all times. Midland reserves the right to not process transactions that will result in a cash
COMPANY
PRINT, SIGN, AND RETURN FORM TO MIDLAND TRUST
in their account or a credit card on file to cover depository fees, Midland will charge a $5 surcharge per depository billing for our additional collection efforts.
DEPOSITORY COLLECTION SURCHARGE
: For Clients with Precious Metals, Midland Trust Company pays all depository bills automatically. If clients do not leave enough cash
Otherwise, a Midland client service representative will reach out for your credit card details and discuss the next steps.
OPTION 2:
CHARGE MY CREDIT CARD
(If a card was provided upon initial online application set up, future charges will default to that card.
OPTION 1:
DEDUCT MY ACCOUNT
(Default option if no payment selection is made)