Common use of Service Fees Clause in Contracts

Service Fees. The Custodian has the right to charge an annual service fee or other designated fees (e.g., a transfer, rollover, or termination fee) for maintaining this IRA. In addition, the Custodian has the right to be reimbursed for all reasonable expenses, including legal expenses, incurred in connection with the administration of this IRA. The Custodian may charge the IRA Owner separately for any fees or expenses, or may deduct the amount of the fees or expenses from the assets in the IRA at its discretion. The Custodian reserves the right to charge any additional fee upon 30 days notice to the IRA Owner that the fee will be effective. Any brokerage commissions attributable to the assets in the IRA will be charged to the IRA. The IRA Owner cannot reimburse the IRA for those commissions.