Minimum fee for each fund is not assessed when using prorate fees back to fund setting in admin fee code

I have my admin fee code set to prorate fees back to funds, but when I calculate my admin fees my minimum fee that I have set is not being calculated for each fund, why is that?

I also tried adding a separate fee code with the mininum fee and add it to the fund, and then when I run admin fees I chose the setting for highest, but the calculation adds two fees instead of just choosing the highest of the two, why does it do that?

Answer:

If you use the prorate fees back to funds feature with a minimum fee, it will calculate one mininum fee that will get pro-rated back to all funds, not separate minimum fees for each fund.

Additionally, when using the prorate fees back to funds feature using multiple fees does not apply and the calculation using the highest fee or any other multiple fee method will not be applied.

Using the prorate fees back to funds setting, the admin fee report displays the aggregated assessed value along with the total administrative fee prorated back to the individual funds.

In this example, we can see the aggregated assessed value along with the total administrative fee prorated back to the individual funds.  In the Master fund and Sub fund you can see the calculated fee was less than the monthly minimum so the minimum was assessed to the fund that had a value.

In the next example, we see two sets of fund groups whose admin fee exceeds the minimum so the fees are allocated back to each of the funds in the group.