Gusto Investment Services, LLC, charges an annual account fee of 0.08% on assets under management for all Gusto individual retirement accounts (IRAs). This fee is calculated and deducted monthly. Use this article to understand how your annual IRA account fee is calculated and where to find fee transactions in your account.
Your annual account fee is broken into monthly charges based on your balance on the last day of each calendar month. Here's the formula:
(month-end balance × account fee) / 12 = monthly account fee
For example, if your IRA balance is $10,000 and the fee is 0.08%, your account fee for the month would be about $0.67. The formula for this example is (10,000 × 0.0008) / 12 = 0.67.
You can view your fee transactions from your Gusto Retirement dashboard in two ways.
To see a combined view of all account transactions, scroll down to the Recent transactions section on the Home page, then select View all to see the full transaction history for all your Gusto accounts.
To see fee transactions for a specific IRA, follow these steps.
Select Accounts in the main menu.
Select the account you'd like to view.
Scroll down to the Recent transactions section.
Select View all to see the full transaction history for that account.
Fees are labeled as Account fee and listed by the date they were processed.
¹ Any image depicted is illustrative and for educational purposes only. They are not representative of any client account.
² Annual account fee of 0.08% applies to all Gusto IRAs, including Roth, Traditional, Rollover, and SEP IRAs.
³ This information is for illustrative purposes only and does not represent the actual costs you may incur as a Gusto client. Information shown here assumes a static balance of $10,000 per month, an annual account fee of 0.08% on assets under management (calculated and deducted on a monthly basis at 1/12 of the annual stated rate (0.08%)) based on the month-end account balance. This example uses an IRA fee and does not account for common factors that affect the value of your account balance over time, such as gains, losses, distributions, additional contributions, etc., and is not intended to constitute investment advice nor an assurance or guarantee of future performance. The fee presented does not include other fees that IRA users may incur, including but not limited to mutual fund expense ratios, $8 monthly base fee for SEP IRA, and $2 or $4 monthly base fee (based on your balance) for personal IRA. See the Form ADV 2A Brochure for additional information regarding our fees.