T Rowe Price Retirement Plan Services Phone


T Rowe Price At A Glance

T. Rowe Price | Retirement Services Welcome & Onboarding

Account minimum


Stock trading costs

$19.95 $9.95 for active traders and Select Client Services members.

Options trades

$19.95 + $1 per contract $9.95 + $1 per contract for active traders .

Account fees

$30 annual fee on brokerage, waived if certain conditions are met $50 account transfer or termination fee.

Number of commission-free ETFs

Number of no-transaction-fee mutual funds


Stocks. Bonds. Mutual funds. ETFs. Options.

Trading platform

Basic research, analysis and screening tools.

Mobile app

One app: T. Rowe Price Personal app available for iPhone and Android.

Research and data

Research and news available from Interactive Data, FactSet, The Associated Press, T. Rowe Price and Midnight Trader.

Customer support options

Brokerage Customers: Weekdays: Phone 8 a.m. to 8 p.m. ET, email

Who Is T Rowe Price For

T. Rowe Price is best for long-term investors that want support in making their portfolio management and investment decisions, including planning for key life-events such as retirement and college costs. Individual and tax-advantaged retirement mutual fund accounts are T. Rowe Prices primary business, but you can still open a more traditional brokerage account. Higher net-worth individuals preferring a focus on individual stocks or access to separately managed stock accounts may want to look elsewhere. Active traders will definitely look elsewhere as T. Rowe Price has comparatively high trading costs and a platform that will not meet their needs.

  • Weak trading platforms and amenities such as charting

  • Higher costs, margin rates, and minimums than competitors

  • No foreign exchange, crypto currencies, or futures

  • Cumbersome account opening process

Youre Our First Priorityevery Time

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Contact Our Sales Team

Want to learn more about our retirement plan solutions? Complete the form below and a dedicated sales representative will be in contact with you soon.

Help clients around the worldachieve their long-term

Important Information: Read the press statement for updated information on T. Rowe Price Associates, Inc.’s proposal to launch a new separate SEC-registered U.S. investment adviser, T. Rowe Price Investment Management, Inc. . TRPA will transition six of our investment strategies to TRPIM on March 7, 2022.

T. Rowe Price Retirement Plan Services, Inc., its affiliates, and its associates do not provide legal or tax advice. Any tax-related discussion contained in this website is not intended or written to be used, and cannot be used, for the purpose of avoiding any tax penalties or promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or professional tax advisor regarding any legal or tax issues raised on this website.

T Rowe Price Publishes Retirement Planning Tips For Investors Making A Career Change In The New Year

T. Rowe Price Retirement Plan Services

BALTIMORE, Feb. 22, 2022 /PRNewswire/ — T. Rowe Price, a global investment management firm and a leader in retirement, has published financial planning tips and reminders for retirement savers as they build their 2022 financial plans. Setting clear goals and having an overarching plan are important elements in making financial progress, and with many investors reexamining their careers and starting new roles, it can be an especially important time to revisit financial plans.

Some tips include:

  • Consider a spousal individual retirement account if one spouse has left the workforce or has little to no income. Contributions to a spousal IRA can help married couples maximize the amount they are saving for retirement.

  • Decide the best way to approach a 401 account when retiring. Rolling assets from a 401 into an IRA isn’t the only option investors have. Investors should evaluate their financial situation and their specific 401 distribution options before making a decision.

  • Remember that building an annual financial plan does not stop with the foundation. Investors should routinely check in on their progress throughout the year and make adjustments as needed.

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Best For Payroll Services: Paychex

If you own a small firm and are looking into 401 plans but also need a payroll service, Paychex has what you need. It has an all-in-one service for small employers with a fine reputation. Paychex’s lower-cost options are a nice break from some of the more expensive 401 providers.

Paychex also has HR services and benefits administration that you can use for your business. Business loans and other services also make up part of its services.

It is mainly an HR/payroll services company. However, it has teamed up with other 401 providers for you and takes care of your plan administration. If you choose to use its tax services, you’ll find it charges some extra fees for dealing with tax forms and tax services.

For one fee, Paychex makes for a less costly option for small companies that need more than one service.

Paychex has more than 100 offices around the country. Its customer support lines are open 24/7, making it easy to contact someone when you need help. Small employers are billed based on the number of workers and the number of pay periods each year.

T Rowe Price Retirement Plan Services Inc Adds Sofi Student Loan Solutions To Financial Wellness Offering

/PRNewswire/ — T. Rowe Price Retirement Plan Services, Inc. announced today that it will launch a suite of student loan resources this fall, including educational tools and content within its robust financial wellness offering. Plan sponsors will also have the option to include additional offerings like employer contribution services and access to student loan refinancing, as well as live financial counseling services. The benefit offerings will be provided by digital personal finance company SoFi through the ‘SoFi at Work’ program.

The tools and educational content will be integrated into T. Rowe Price’s 401 participant website, giving participants the ability to manage and plan for their student loan needs while saving for retirement. For plan sponsors, helping employees manage education costs can result in greater participation in the retirement benefit, prevent productivity loss, and help attract and retain talent.

New optional solutions from SoFi’s ‘SoFi at Work’ include a centralized dashboard that houses the Student Loan Debt Navigator. Through ‘SoFi at Work’ employees can access multiple options to help them better manage their financial needs and navigate their student loan payments. Plan sponsors using SoFi’s optional solutions can elect to provide connectivity to SoFi’s centralized dashboard from the participant website.

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Is T Rowe Price Right For You

T. Rowe Prices mutual funds are its bread and butter, and thats where the company shines. If youre primarily a mutual fund investor, the companys array of no-load, low-expense-ratio funds can deliver a whole portfolio solution at a low cost especially if you meet the terms to waive annual account fees. Outside of that, most customers will be better served by other brokers.

Dayana Yochim contributed to this review.

Disclosure: The author held no positions in the aforementioned investments at the original time of publication.


How do we review brokers? Heres our methodology.

NerdWallets comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players, using a multifaceted and iterative approach. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs.



Evaluations vary by provider type, but in each case are based upon the weighted averages of factors that include but are not limited to: advisory and account fees, account minimums and types, investment selection, investment expense ratios, trading costs, access to human financial advisors, educational resources and tools, rebalancing and tax minimization options, and customer support including branch access, user-facing technology and mobile platforms.


Do You Pay Taxes When You Take Money Out Of 401k

Company Profile: T Rowe Price Group (TROW)

Instead, recall that in a Roth account, whether a 401 or an IRA, one pays taxes right away, then takes ones money at retirement without paying further taxes. In a traditional 401 , one doesnt pay taxes when making the contribution, but nonetheless must pay taxes upon withdrawing the money at retirement.

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T Rowe Price Review : Pros Cons And How It Compares

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The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.

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It’s a common belief that 401 plans are only for large employers. This is untrue even if you have a small business, you might want to offer your employees a sound savings plan that will cost you less.

When you’re looking for a 401 plan for your firm, you should consider the many aspects that make a plan a good one. How the plan is funded and if it is stable are two vital factors you should look for. It should also have customer service that is friendly and available the agents should also know how to help you if there are any problems with your plan.

Small business 401 plans are made to meet the needs of small businesses. No matter what form your business has , there is a 401 plan for you that is less of a burden on your budget.

We found 401 plan providers and have listed some of the best features they have for small employers.

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Where T Rowe Price Falls Short

Stock and ETF trading costs: The companys $19.95 stock and ETF trading commissions are at the high end of the spectrum, especially when compared with other fund-centric companies like Fidelity and Charles Schwab that charge $0 per trade.

Investors can cut the commission in half to $9.95 a trade by making more than 30 trades a year or being enrolled in T. Rowe Price Select Client Services .

» Looking to trade stocks? See the best online brokers for stock trading

Minimum initial investment requirements: Theres no reason to delay investing because you cant meet a firms minimum initial investment requirement. If T. Rowes $1,000 initial deposit to open an IRA or $2,500 to open a nonretirement brokerage account is too big a hurdle, there are plenty of other brokers with a lower bar.

» MORE:Best brokers for IRAs» MORE:Best discount brokers

Account fees: Here again, T. Rowes terms and conditions for mutual fund accounts and brokerage clients could be a turnoff. The company charges an annual service fee of $20 on mutual fund accounts with balances below $10,000 that charge can be waived by subscribing to electronic delivery of statements or maintaining a balance of at least $50,000 across all T. Rowe Price accounts.

Supplemental Retirement Plan Service Providers

T. Rowe Price Retirement Plan Services

Employees who have elected to participate in a 401, 457 and/or 403 plan are asked to select a service provider from the list below. This list includes approved service providers which Clemson contracts. In addition to holding and investing your retirement plan contributions, your service provider provides you education and counseling with regards to your financial future.

Use the information below to begin the account setup process and to request support from your selected service provider. Once an account is created, you can elect to designate contributions from your paycheck. Contributions to 401 and 457 plans should be designated through the employees SC Deferred Compensation profile. Contributions to 403 plans can be designated by completing the appropriate request form and submitting it to the Office of Human Resources at .

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Where T Rowe Price Shines

High-quality, low-cost mutual funds: Price and performance go hand in hand. More specifically, a funds cost the expense ratio is tied inextricably to the returns it delivers to investors. On both these measures, T. Rowe Price funds shine. As of September 2020, over 70 of T. Rowe’s funds have earned four or five star Overall Morningstar Ratings.

T. Rowe also offers a lineup of more than 130 no-load mutual funds, which is in keeping with founder Thomas Rowe Price Jr.s position that fees should be based on the assets under management, not charged as a commission that is, an upfront or back-end sales load.

Another attractive feature is the firms selection of no-transaction-fee mutual funds, which totals approximately 3,000, and its lineup of 300 commission-free ETFs.

Direct investment access to T. Rowes fund lineup: A bonus for T. Rowe customers: Buying the companys own funds right from the source, instead of through another brokerage, means you avoid paying any transaction fee and any markup charged by a middleman.

Note on account setup for new customers: T. Rowe Price funds are sold directly, not through the companys brokerage, and held in a separate retail account. If you want to buy non-T. Rowe funds and any stocks or ETFs through the company, youll need to set up a T. Rowe brokerage account.

Does Trowe Price Take Into Consideration My Outside Ira

Does T. Rowe Price take into consideration my outside IRA when calculating my RMD? Although the IRS allows you to take all IRA assets into account with this calculation regardless of where they are held, the personal RMD calculations provided by T. Rowe Price are based only on the assets that are currently held at our firm.

Read Also: Florida Tax Advantages For Retirees

Is The 401k Deferral Part Of The Tax Code

Lets start with a small point of clarification: strictly speaking, 401 refers to the ability of a worker to defer a part of their pay for retirement savings purposes, and to avoid taxes until the money is ultimately withdrawn. The deferral of employer contributions is not a part of section 401 of the relevant IRS tax code.

Best For Small Employers: Employee Fiduciary

T. Rowe Price myPLANnetwork

Employee Fiduciary has low fees for its 401 plans. The firm invites you to compare their 401 plan against your current plan. It claims to have the same choices as larger firms but with lower fees.

You’ll need $500 to open a plan or $1,000 to convert an existing plan. There are more than 377 mutual funds and ETFs to choose from. It also gives you access to a broker through TD Ameritrade. The fees for its 401 plans are low, and it provides tax return forms and annual report summaries.

The company also sends out benefit statements and has a toll-free number for plan members that need help. Low-cost investment options include Vanguard funds, index funds, and Exchange Traded Funds .

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Best For Businesses With 1000 Employees Or Less: T Rowe Price

T. Rowe Price is a respected name in retirement planning. It has been in business for more than 80 years. These 401 plans are a great choice if you’re an employer with less than 1,000 people on your books.

T. Rowe Price offers over 100 no-load mutual funds and common trusts. It also has more than 5,400 non-proprietary funds. It designs its low-cost mutual funds to give you steady returns over 75% of these funds have expense costs lower than the industry average.

In addition to its 401 plans, T. Rowe Price offers 403 plans for nonprofit and tax-exempt organizations such as hospitals, churches, and schools. The 403 provides an effective way to save.

T.Rowe Price’s mutual fund options include stock funds, bond funds, and target-date funds. There are also asset allocation funds and money market funds to choose from. These mutual funds have low fees, and their expense ratios are below the industry average.

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Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.

John Hancock Investment Management LLC is the investment advisor for the closed-end funds.

Mutual funds

Member FINRA | SIPC, 200 Berkeley Street, Boston, MA 02116

here to view a prospectus or summary prospectus. You may also request one from your financial professional or by calling us at 800-225-5291. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should consider carefully before investing.

Some information may not be approved by certain organizations. Please check with your organization before using this information.


John Hancock ETFs are distributed by Foreside Fund Services, LLC in the United States, and are subadvised by Dimensional Fund Advisors LP or our affiliate Manulife Investment Management LLC. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Dimensional Fund Advisors LP or Manulife Investment Management LLC.

ETF shares are bought and sold through exchange trading at market price , and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

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