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BenefitsLink Message Boards > Retirement Plans > Operating a Consulting or TPA Firm
RetirementConsultant
I am wondering what would be a reasonable rate to charge for consultancy fees

Does it matter the job and level of complexity? or should I just charge one flat fee?

I plan to charge per hour for projects that take five hours or less, and per-day for projects that take more than five hours.

My consultation services on on IRAs and DC plans, and usually involve providing techincal assistance and training

Guidance appreciated
JanetM
I don't believe you will get anyone to give you a number on this board.
four01kman
Sure, why not. Hourly fees can range from $10 per hour for pure administrative tasks to $x for high level consultancy. If you don't know what x is, check with local law firms as to what their hourly rates are, and pick something.
RetirementConsultant
Thanks both.
I definitely understand why someone would be somewhat guarded with their fees.

I found this http://www.google.com/search?hl=en&q=%...onsultancy+fees

Seems helpful.

Cheerio
AndyH
Maybe if you are extra nice JanetM will tell you what she pays her consultanciests. smile.gif
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