Key aspects of PSN's fee structure:
- Participants whose accounts are transferred are charged a nominal, one-time fee.
- The fee structure is tiered – the maximum charge is $30, but accounts with less than $600 will be charged 5% of balance, and accounts with less than $50 will be processed at no charge.
- Fees to participants are expected to decline as more recordkeepers join the PSN.
- No cost to plan sponsors.
- No cost to recordkeepers.
- Recordkeepers that own and/or participate in PSN receive no compensation for auto portability transactions.
The table below illustrates auto portability's participant fees:
