THOMPSON PLUMB FUNDS, INC. AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
XXXXXXXX
XXXXX FUNDS, INC.
AMENDMENT
TO THE
THIS AMENDMENT dated as of the
17th day of November, 2009, to the Transfer Agent Servicing Agreement, dated as
of the 30th day of
November, 2003, as amended March 27, 2006, August 8, 2006, January 24, 2008 and
July 30, 2009 (the "Agreement"), is entered into 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 an Agreement; and
WHEREAS, the Corporation and
USBFS desire to amend the fees of the 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:
Effective
December 1, 2009, Exhibit A of the Agreement, which lists the series of funds
and the fee schedules, is hereby superseded and replaced in its entirety with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.
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XXXXXXXX
XXXXX FUNDS, INC.
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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:
____________________________
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Name:
Xxxxxxx X. XxXxx
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Title: ____________________________
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Title:
Executive Vice President
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11/2009
1
Exhibit A
to the
Transfer Agent Servicing Agreement –
Xxxxxxxx Xxxxx Funds, Inc.
Separate Series of Xxxxxxxx Plumb Funds,
Inc.
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Name of Series
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Date Added
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Xxxxxxxx Xxxxx Growth
Fund
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2/10/92
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Xxxxxxxx Plumb Bond
Fund
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2/10/92
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Xxxxxxxx Xxxxx XxxXxx
Fund
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3/31/08
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[Fee schedules on the following
page]
11/2009
2
Exhibit A (continued) to
the
Transfer
Agent Servicing Agreement – Xxxxxxxx Plumb Funds, Inc.
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Fee Schedule - effective 9/1/09 through
9/1/2012
TRANSFER AGENT & SHAREHOLDER
SERVICES
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Service Charges to the
Fund*
Shareholder Account Fee (Subject
to Minimum)
¨ No-Load - $15.00
/account
¨ Load Fund - $16.00
/account
¨ Daily Accrual Fund - $21.00
/account
¨ Matrix Level 3 Accounts -
$11.00/account
Annual Minimum
¨ $24,000 per no-load
fund
¨ $28,000 per load or daily accrual
fund
¨ $15,000 each additional
class
Activity
Charges
¨ Telephone Calls - $1.50 /call
¨ E-mail
Services
$2.50 /e-mail
received
¨ Draft Check Processing - $1.00
/draft
¨ Daily Valuation Trades - $10.00
/trade
¨ Omnibus Account
Transactions
¨
$3.00 each – first
100 transactions per
month
¨
$2.00 each – next 400
transactions per
month
¨
$1.00 each – next
1,500 transactions
per month
¨
$.50 each – next
3,000 transactions
per month
¨
$.25 each – balance
of transactions per
month
¨ 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
¨ Shareholder Verifications
$0.25/item
¨ ACH/EFT Shareholder
Services:
$125.00 /month/fund
group
$ .50 /ACH item, setup,
change
$5.00 /correction,
reversal
¨
Disaster recovery $0.20 per
open account
Chief Compliance Officer Support
Services*
$1,200 annually
Fees are billed
monthly.
* Subject to CPI
increase, Milwaukee
MSA.
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Service Charges to
Investors
Qualified Plan Fees (Charged to Investors)
¨ $15.00 /qualified plan acct (Cap
at $30.00/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
(Charged 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. Fund Group
Setup (first cusip) - $2,000 /fund group
0.Xxxx 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
¨
Service Setup -
$1,650 ATT transfer connect
¨
VRU Setup - $500
/fund group
¨
VRU Maintenance -
$100 /cusip/month
¨
$.35 /voice response
call
6.Average Cost - $.36
/account/year
7.Development/Programming - $150
/hour
8.File Transmissions – subject to
requirements
0.Xxxxxx Reports - $300 per Select
10.Extraordinary services – charged
as incurred
¨ Conversion of Records (if
necessary) – Estimate to be provided.
¨ Custom processing,
re-processing
Out-of-pocket
Costs - Including but
not limited to:
telephone toll-free lines, call
transfers, mailing,
sorting and postage, stationery, envelopes, insurance, record retention,
microfilm, microfiche, proxies, proxy services, lost shareholder search,
disaster recovery charges, ACH fees, Fed wire charges, travel, training
and all other out-of-pocket
expenses.
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11/2009
3
Exhibit
A (continued) to the Transfer Agent Agreement – Xxxxxxxx Plumb Funds,
Inc.
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TRANSFER AGENT & SHAREHOLDER
SERVICES
SUPPLEMENTAL SERVICES - E-COMMERCE
SERVICES
FEE
SCHEDULE
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| Full Service Literature Fulfillment Services (Inbound Teleservicing and Kit Assembly and Mailing) | |
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TIER 1 (0-50 orders per
month)
Account
Management $300/month
First 50 orders No charge
TIER 3 (251-500 orders per
month)
Account Management
$1,000/month
First 250
orders No
charge
Per order over
250 $3.50/order
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TIER 2 (51-250 orders per
month)
Account Management
$300/month
First 50 orders No
charge
Per order over 50
$4.00/order
TIER 4 (over 500 orders per
month)
Account Management
$2,000/month
First 500 orders No
charge
Per order over 500
$3.00/order
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Service
includes account management, lead reporting, call servicing, database
management, kit assembly and mailing (excluding postage and
materials).
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CLIENT
DATA ACCESS – USBFS client on-line access to
fund and investor data through USBFS technology applications and data
delivery and security software.
· MFS Systems (includes COLD and On
Line Report view applications)
· Setup - $1,500 (includes 2
workstations)
· Service - $125/month
· Report Source
· No Setup
Charge
· $125/month per reporting
category
Transfer
Agent and Fund Accounting Utilized
Compliance
Reporting
$375/month
· T/A Imaging
· Setup - $1,500 (includes 2
workstations)
· $325/month
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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 - $12,000 (effective at
12/1/09)
Activity (Session)
Fees:
· Inquiry - $.10 per
event
· Account Maintenance - $.25 per
event
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VISION
MUTUAL FUND GATEWAY –
Permits broker/dealers, financial planners, and RIAs to us a web-based
system to perform order and account inquiry, execute trades, print
applications, review prospectuses, and establish new
accounts.
·
Inquiry
Only
· Inquiry - $.05 per
event
· Per broker ID - $5.00 per month
per ID
·
Transaction
Processing
· Implementation - $5,000 per
management company
· Transaction – purchase, redeem,
exchange, literature order - $.50 per event
· New Account Set-up – may contain
multiple fund/accounts - $3.00 per event
· Monthly Minimum Charge - $500.00
per month
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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.
· $500 setup/fund group of 1-5
funds, $1,500 setup/fund group of over 5 funds
· $.01
/account/year
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11/2009
4
