Professional Documents
Culture Documents
MidlandIRA,Inc.
135SouthLaSalleStreet,Suite2150
Chicago,Illinois60603
(312)2350300Oce(312)2350302Fax
mail@MidlandIRA.com
Tradi onal,Roth,SEP,SIMPLE,ESAandHSA
Eec veJanuary1,2015
1.ANNUALADMINISTRATIONFEES
ANNUALACCOUNTFEE:$100(Dueataccountopeningandannuallyontheanniversaryoftheaccountopening)
ANNUALASSETFEE:Selectoneop onbelow(Due uponacquisitionandannually onthe anniversaryof the account opening)
OPTION1FEEBASEDONNUMBEROFASSETS
$295 PerAssetIncludingRealEstate,LLCs,Private
Placements,Notes/MortgagesReceivable.
Seeexcep onsbelow.
$195 Futures/ForexAccount
$125 PreciousMetalsHoldings,perDepository
$100 MortgagePayable(Liability)
OPTION2FEEBASEDONTOTALACCOUNTVALUE
TotalAccountValueisbetween:
$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
$125,000
$249,999.99
$250,000
$499,999.99
$500,000
$749,999.99
$750,000andup
AnnualAssetFee
$195
$260
$325
$390
$500
$700
$950
$1,250
$1,650
$1,850
INCLUDEDinyourAnnualFee:
LeadingSDIRAOnlineAccessSystem,withthe
abilitytoelectronicallyrequesttransac ons
suchasbillpay,distribu ons,andmuchmore!
AccesstoMidlandsstaofIRAexperts
availableto answer your IRA questions by
phone, email,orinouroces
Physicalcustodyofapplicableassets
Maintainelectronicandarchivedcopiesofall
accountdocumentsforrecordkeeping
Updateassetvalua on,asprovided
EStatements&IRSTaxRepor ng
ProcessingofIncome/Deposits
AccesstoMidlandspecialclientevents
NOADDITIONALCHARGEfortheseservices:
Outgoingtrustchecks/ACHINCLUDED
IncomingwiretransfersINCLUDED
Onlinebillpayordistribu onsINCLUDED
IRAtoIRAcashtransfersINCLUDED
2.ONETIME/PROCESSINGFEES
AccountEstablishment:$50pernewaccount
AssetPurchase/Sale/Exchange/Addi on/Withdrawal/Conversion/Transfer/Removal:$145RealEstate,$50PreciousMetals/Trading/BankAccounts,$95AllOtherAssetTypes.
SameDayRushTransac on:Allrequireddocumentsreceivedandingoodorderby10amCST,$150 per occurence. No rush fee for transactions in good order 1 business day prior to funding.
OutgoingChecks/ACH:Nocharge(Billpayanddistribu onrequestssubmi edmanually,$10eachIfsubmi edonline,nocharge.)
OutgoingWireTransfers:$30each(Nochargeforincomingwiretransfers)
SpecialProcessingFee:OvernightMail,ReturnedDeposit,StopPayment,CashiersCheck,CreditCard/ACHChargeback:$30peroccurrence
SpecialNo fica onFees:MaturedNotes,LateFairMarketValua on,DelinquentQPLoans:$50peroccurrence(Nochargefor1stno ce.No fica onfeebeginswith2ndno ce)
AccountClosingFee:$100ifaccountheldfor2+years;$150ifaccountheldbetween12years;$250ifaccountheldunder1year(Basedonaccountopeningdate)
3.PAYMENTINFORMATION:SelecthowyouwouldliketopayyourMidlandIRAadministra
vefees.
OPTION1:CHARGEMYCREDITCARD(VISA,MasterCard,Discover,AmericanExpress.CreditCardmustbeintheaccountholdersname.Tobillathirdparty,completeOPTION3below.)
NAMEONCARD__________________________________________________CARDNUMBER__________/__________/__________/__________EXPDATE________/________ZIPCODE_______________________
OPTION2:DEBITMYCHECKINGACCOUNT(Yournamemustbeonthebankaccountasanowner)
BANKNAME______________________________________________________ROUTING/ABA___________________________________________ACCOUNT#_________________________________________________
OPTION3:BILLTHIRDPARTY:______________________________________________________________________________________________________________________________________
(BillingpartymustbeprearrangedthroughMidland.If,foranyreason,thirdpartyisunwillingorunabletopayadministra vefees,theaccountholderisresponsibleforpaymentoffeesdue.)
OPTION4:DEBITMYMIDLANDIRAUNDIRECTEDCASH
MINIMUMACCOUNTBALANCES:Allaccountsarerequiredtokeepaminimumof$250undirectedcashatall mes.Midlandreservestherighttonotprocessoutgoingtransac onsthatwillresultinacashbalancebelow$250.
PASTDUEFEES:Feesthatremainunpaidformorethan30calendardaysareconsideredpastdue.Thelesserof1.5%permonth(18%perannum),orthemaximumallowableunderapplicablestatelaw,willbeassessedtoyour
accountasaFinanceCharge.PastduefeeswillbedeductedfromyourUndirectedCash.InaccordancewithyourPlanAgreementandDisclosures,ifthereisinsucientundirectedcashinyouraccount,wemayliquidate
otherassetsinyouraccounttopayforsuchfeesa era30dayno fica on.Accountswithpastduebalanceswillbeclosed.Anyremainingassetsintheaccountwillbeataxableeventtotheaccountholder,willbereportedon
IRSForm1099Randwillbesubjecttopossibletaxandpenal es.
CUSTODIANSFEES:InaccordancewithyourPlanAgreementandDisclosure,theCustodianwillreceive,fromtheassetsheldinyouraccount,afeeequalinamounttoallincomethatisgeneratedfromanyUndirectedCash
(definedasanycashinyouraccountnotinvestedpursuanttoaspecificinvestmentdirec onbyyou)whichhasbeendepositedbytheCustodianintoFDICorotherUnitedStatesgovernmentinsuredfinancialins tu ons,
UnitedStatesgovernmentsecuri es,orsecuri esthatareinsuredorguaranteedbytheUnitedStatesgovernment.TheCustodianretainstheright,butdoesnothavetheobliga on,toreducethisfeebyreba ngapor onof
thefeeintoyouraccount.YouagreethatthisfeemayberetainedbytheCustodianascompensa onfortheservicesprovidedbytheCustodianinrela ontoyouraccount.TheCustodianmaypayalloranagreedpor onof
thisfeetothe Administrator as agreed betweenthe Custodian and the Administrator. The Custodianreserves therightto change all or part ofthe Custodial Fee Schedule at its discre on with 30days advance no ce. I
acknowledgeandagreethattheCustodianmaytransferanyUndirectedCashinyouraccountintoanyFDICinsuredfinancialins tu onorinUnitedStatesgovernmentsecuri esorinsecuri esthatareinsuredorguaranteed
bytheUnitedStatesgovernmentwithoutanyfurtherapprovalordirec onbyme.Acopyofyourplanagreementcanbefoundonlineatwww.midlandira.comorbycallingouroceat(877)9445472.
4.PRINT,SIGNANDRETURNTHISFORMTOMIDLANDIRA
Signature________________________________________________PrintedName_______________________________________Date_______________________
Sendmailto:
MidlandIRA
P.O.Box2418
Chicago,IL606902418
Forexpressdeliveries:
MidlandIRA
135SLaSalleStreet,Suite2150
Chicago,IL60603
Faxto:
312.235.0302