IRONBRIDGE FUNDS, INC. SECOND AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
Exhibit 99.28(h)(1)(iii)
SECOND AMENDMENT TO THE TRANSFER AGENT
THIS SECOND AMENDMENT dated as of the 1st day of May, 2011, to the Transfer Agent Servicing Agreement, dated as of May 21, 2010, as amended October 11, 2010 (the “Agreement”), is entered into by and between IRONBRIDGE FUNDS, INC., a Maryland corporation (the “Company”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (the “Company”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the Company and USBFS desire to amend the fees of the Agreement; and
WHEREAS, Section 13 of the Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
Exhibit D of the Agreement is hereby superseded and replaced in its entirety with Amended Exhibit D attached hereto.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 Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
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U.S. BANCORP FUND SERVICES, LLC | ||||
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By: |
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By: |
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Name: Xxxx Xxxxx |
Name: Xxxxxxx X. XxXxx | |||
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Title: CEO |
Title: Executive Vice President | |||
Amended Exhibit D to the Transfer Agent Servicing Agreement — IronBridge Funds, Inc.
ANNUAL FEE SCHEDULE at May 1, 2011 — IRONBRIDGE FUNDS, INC.
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Service Charges to the Fund* |
Service Charges to Investors |
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Shareholder Account Fee (Subject to Minimum)
No-Load - $14.00 /account Annual Minimum · $6,000 per no-load fund/class.
Activity Charges
· Daily Valuation Trades - $10.00 /trade · Omnibus Account Transactions $3.00 each – first 100 transactions $2.00 each – next 400 transactions $1.00 each – next 1,500 transactions $.50 each – next 3,000 transactions $.25 each – balance of transactions CCO Support Services - $1,200 per year · Lost Shareholder Search - $5.00 /search · XXX Xxxx Xxxxxxx (xxxx Xxxxx 0 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 · AML New Account Service - $1.00/new domestic accounts and $2.00/new foreign account, AML Verification $0.25 · 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: · Telephone toll-free lines, call transfers, etc. · Mailing, sorting and postage · Stationery, envelopes · Programming, special reports · Disaster recovery – per open account · Insurance, record retention, microfilm/fiche · Proxies, proxy services · ACH fees, NSCC charges · All other out-of-pocket expenses
· subject to CPI increase
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Qualified Plan Fees (Billed to Investors) · $15.00 /qualified plan acct (Cap at $25.00/SSN) · $15.00 /Xxxxxxxxx ESA acct (Cap at $30.00/SSN) · $25.00 /transfer to successor trustee · $25.00 /participant distribution (Excluding SWPs) · $25.00 /refund of excess contribution
Additional Shareholder Fees (Billed to Investors)
· $15.00 /outgoing wire transfer · $15.00 /overnight delivery · $ 5.00 /telephone exchange · $25.00 /return check or ACH · $25.00 /stop payment · $ 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. NSCC Service Interface – All NSCC Services · Setup - $1,500 /fund group · Annual - $1,400 /cusip/year 2. Telecommunications and Voice Services (not using at this point) · Service Setup - $1,500 ATT transfer connect · VRU Setup - $500 /fund group · VRU maintenance - $100/fund/month 3. Fund Group Setup (first class) - $5,000 /fund group, will be charged at time of setup completion. 5. Fund Setup - $2,500 /fund/class (beyond first class), will be charged at time of setup completion. 6. Development/Programming - $165 /hour 7. File Transmissions – subject to requirements 8. Selects - $300 per select 9. Extraordinary services – charged as incurred · Conversion of Records (if necessary) – Estimate to be provided. · Custom processing, re-processing · All other extraordinary services 10. Short-Term Trader – Software application used to track and/or assess transaction fees that are determined to be short-term trades. 90 days or less -$0.08/open account 91- 180 days - $0.14/open account 181-270 days - $0.20/open account 271 days – 1 year - $0.26/open account 1 year – 2 years - $0.38/open account |
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Amended Exhibit D (continued) to the Transfer Agent Agreement – IronBridge Funds, Inc. at May 1, 2011
11. Vision Mutual Fund Gateway $.05/inquiry, and $5.00/ID/Month 12. Literature Fulfillment Services Inbound Teleservicing Only Account Management $250/month $5.00/minute. 13. Average Cost Account Maint. $1.00/direct open account per year.
14. Client Web Data Access USBFS client on-line access to fund and investor data through USBFS technology applications and data delivery and security software. · Setup: MFx Portal - $3,000 · Service - $200 /user per month · Access to the following systems included: · BDS — Statement Storage and Retrieval · ReportSource — Mainframe T/A Report Library · FundSource — Comprehensive Fund Information |
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*Fees are billed monthly. |
