Information Center

FAQs

Fees

How much does it cost to set up a Self Directed IRA?

The cost to set up an account at Madison Trust Company is $50.

What is Madison’s quarterly custodial fee?

The quarterly custodial fee is $100 (this includes the first asset). The custodial fee for additional assets is $25 per quarter.

To learn more about our flat-rate model vs. the asset-based model used by other custodians, please click here: Pricing Model.

Please click here to view our complete Fee Schedule.

When will I be charged my quarterly fee?

The $100 fee will be charged when you sign up for an account, and then quarterly as follows:

January 1st – $100
April 1st – $100
July 1st – $100
October 1st – $100

What is Madison’s minimum cash balance?

The minimum cash balance is $500 which may be paid as follows:

  1. Personal Check (non-IRA deposit)
  2. Credit Card (a $25 administrative fee will apply)
  3. Deduction of $500 from your IRA funds

The minimum balance is not a cost to you. Madison will only deduct funds from the $500 minimum for quarterly fees if an accountholder is in arrears and does not provide any other payment method. Upon account termination, the $500 minimum balance is returned to the accountholder.

What payment methods does Madison accept for custodial and transaction fees?

  1. Credit Card
  2. Auto-deduct from your Madison account

How do I update my credit card information?

Please contact our support team at (800) 721-4900 to update your credit card information.

Ready to start investing in your future?

Reach out to our team, and we’ll answer any questions you may have.
Corporate Headquarters:
Madison Trust Company 401 East 8th Street • Suite 200
Sioux Falls, SD 57103
Mailing Address:
Madison Administration Company One Paragon Drive • Suite 275
Montvale, NJ 07645
Hours:
Monday - Thursday: 9:30AM - 5:30PM EST
Friday: 10:00AM - 4:00PM EST
Saturday/Sunday: Closed
Contact:
(800) 721-4900
[email protected]
F: 845-947-1212
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