TPAs frequently asked questions
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Are there any fee offsets?
Yes, we will apply up to $20 of the $40 account fee to offset Third Party Administration (TPA) / Common Remitter fees. The fee offset is dependent on each Plan's fee arrangements with the TPA/Common Remitter.
Are there fees from the mutual fund company?
All mutual funds have internal fund management cost (expense ratio). Expense ratios vary by fund share class and fund asset class and are established and retained by the mutual fund company. There are no additional account fees charged by the mutual fund company.
Do Participants get charged an account fee for each fund in my account?
No, there is no additional charge per mutual fund investment and a participant may hold multiple fund families in their single ASPire Financial Services account. The annual account fee of $40 and 0.15% covers all ASPire Financial Services fees.
If Participants have an existing account with a mutual fund company do they need to establish an account with ASPire Financial Services?
Yes, ASPire Financial Services acts as an approved investment provider within the Plan and ASPire Financial Services Enrollment Forms are required to establish an account. ASPire Financial Services accounts offer access to mutual fund investments that may no longer be available directly with the fund companies.
Where can I find an Enrollment Form?
Once on the site, select “Plan Search”. This link will give you the option to select your “State” and “Plan/District Name”. Next, please click on “Plan Details” located under Quick Links. Here you can find your plan’s most current enrollment form.
Where do I send the completed Enrollment Forms?
Fax to: 813.466.7523 ||| Email to: enrollments@aspirefinserv.com ||| Mail to: ASPire Financial Services ||| ATTN: Enrollments
5310 Cypress Center Drive Cypress Center II, Suite 101 Tampa, FL 33609