EXHIBIT (H)(5)
XXXXXXXX XXXXX FUNDS, INC.
SECOND AMENDMENT TO THE
TRANSFER AGENT SERVICING AGREEMENT
THIS SECOND AMENDMENT dated as of the ____ day of March, 2006, to the
Transfer Agent Servicing Agreement, dated as of the 30th day of November, 2003
(the "Agreement"), is entered by and between Xxxxxxxx Plumb Funds, Inc., a
Wisconsin corporation (the "Corporation") and U.S. Bancorp Fund Services, LLC, a
Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have entered into a Transfer Agent Servicing
Agreement; and
WHEREAS, the Corporation and USBFS desire to amend said Agreement;
and
WHEREAS, Paragraph 7 of the Agreement allows for its amendment by a
written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit A of the Agreement, which list the series of funds and the fee
schedule, is hereby superseded and replaced with Exhibit A attached
hereto.
Except to the extent amended hereby, the Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be executed by a duly authorized officer on one or more counterparts as of
the date and year first written above.
XXXXXXXX XXXXX FUNDS, INC. U.S. BANCORP FUND SERVICES, LLC
By: By:
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Name: Name:
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Title: Title:
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Exhibit A
to the
Transfer Agent Servicing Agreement - Xxxxxxxx Plumb Funds, Inc.
Separate Series of Xxxxxxxx Xxxxx Funds, Inc.
Name of Series Date Added
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Xxxxxxxx Plumb Growth Fund 2/10/92
Xxxxxxxx Xxxxx Bond Fund 2/10/92
Annual Fee Schedule - March 2006
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TRANSFER AGENT & SHAREHOLDER SERVICES
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Service Charges to the Fund*
Shareholder Account Fee (Subject to Minimum)
o No-Load - $15.00 /account
o Load Fund - $16.00 /account
o Daily Accrual Fund - $21.00 /account
o Matrix Level 3 Accounts - $11.00/account
Annual Minimum
o $24,000 per no-load fund
o $28,000 per load or daily accrual fund
o $15,000 each additional class
Activity Charges
o Telephone Calls - $1.50 /call
o E-mail Services
$2.50 /e-mail received
o Draft Check Processing - $1.00 /draft
o Lost Shareholder Search - $5.00 /search
o AML Base Service (excl Level 3 accounts)
0-999 accounts - $500.00/year
1,000-4,999 accounts - $1,000/year
5,000-9,999 accounts - $2,500/year
10,000+ accounts - $5,000/year
o AML New Account Service - $1.00/new domestic accounts and $2.00/new
foreign account
o Shareholder Verifications $0.35/item
o ACH/EFT Shareholder Services:
$125.00 /month/fund group
$ .50 /ACH item, setup, change
$5.00 /correction, reversal
Out-of-pocket Costs - Including but not limited to:
o Telephone toll-free lines, call transfers, etc.
o Mailing, sorting and postage
o Stationery, envelopes
o Programming, special reports
o Insurance, record retention, microfilm/fiche
o Proxies, proxy services
o ACH fees, NSCC charges
o All other out-of-pocket expenses
Service Charges to Investors
Qualified Plan Fees (Billed to Investors)
o $15.00 /qualified plan acct (Cap at $30.00/SSN)
o $15.00 /Xxxxxxxxx ESA acct (Cap at $30.00/SSN)
o $25.00 /transfer to successor trustee
o $25.00 /participant distribution (Excluding SWPs)
o $25.00 /refund of excess contribution
Additional Shareholder Fees (Billed to Investors)
o $15.00 /outgoing wire transfer
o $15.00 /overnight delivery
o $ 5.00 /telephone exchange
o $25.00 /return check or ACH
o $25.00 /stop payment
o $ 5.00 /research request per account (Cap at $25.00/request) (For
requested items of the second calendar year [or previous] to the
request)
Technology Charges
1. Fund Group Setup (first cusip) - $2,000 /fund group
2. Fund Setup - $1,500 /cusip (beyond first cusip)
3. NSCC Service Interface - All NSCC Services Setup - $1,500 /fund group
Annual - $1,400 /cusip/year
4. Telecommunications and Voice Services
o Service Setup - $1,650 ATT transfer connect
o VRU Setup - $500 /fund group
o VRU Maintenance - $100 /cusip/month
o $.35 /voice response call
o $.40 /voice recognition call
5. Asset Allocation Services - $8.00 /account group/year (4 reallocations)
6. 12b-1 Aging - $1.50 /account/year
7. Average Cost - $.36 /account/year
8. Development/Programming - $150 /hour
9. File Transmissions - subject to requirements
10. Selects - $300 per select
11. Extraordinary services - charged as incurred
o Conversion of Records (if necessary) - Estimate to be provided.
o Custom processing, re-processing
All other extraordinary services
Fees are billed monthly.
* Subject to CPI increase.
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* Effective with the first day after expiration of the first twelve (12) months
of service, the fees and charges set forth in this Schedule shall be increased
over the fees and charges during the previous twelve (12) months in the amount
equal to the change in the Consumer Price Index for all Urban Consumers in the
Milwaukee, Wisconsin Metropolitan Statistical Area, All Terms, Based 1982-1984 =
100, as last reported by the U.S. Bureau of Labor Statistics ("CPI-U").
Thereafter, all of the fees and charges in this fee schedule (except for
out-of-pocket expenses) shall increase annually upon each anniversary of this
Schedule in an amount equal to the percentage change in the CPI-U for the
proceeding twelve (12) months.
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Xxxxxxxx Xxxxx - Internet Services
ANNUAL FEE SCHEDULE - at March 2006
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FAN WEB - Shareholder internet access to account information and transaction
capabilities. Internet service is connected directly to the fund group's web
site through a transparent hyperlink. Shareholders can access account
information, portfolio listing within a fund family, view transaction history,
purchase additional shares through ACH, etc.
Annual Base Fee - $1000/month December 1, 2003 - November 30, 2004
$1500/month December 1, 2004 - November 30, 2005
$2000/month December 1, 2005 - November 30, 2006
Activity (Session) Fees:
o Inquiry - $.10 per event
o Account Maintenance - $.25 per event
o Transaction - financial transactions, reorder statements, etc. -
$.50 per event
o New Account Set-up - $3.00 per event
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TRANSFER AGENT & SHAREHOLDER SERVICES
SUPPLEMENTAL SERVICES
FEE SCHEDULE - effective 4/1/06
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Excessive Trader - Software application that monitors the number of trades
(exchanges, redemptions) that meet fund family criteria for excessive trading
and automatically prevents trades in excess of the fund family parameters.
o $500 setup/fund group of 1-5 funds, $1,500 setup/fund group of over
5 funds
o $.01 /open account/year
