Retirement Plan Enhancements:
New Retirement Plan Fees
Investment management and recordkeeping fees are currently paid by participants through the expense ratios of the investment options they have selected under the IU retirement plans. It is not transparent what fees are being paid for each service, and because the price is asset-based, as a participant’s account balance goes up, his or her administrative fees go up, even though the level of service remains the same.
By moving to a single recordkeeper, overall administrative recordkeeping fees under the IU retirement plans are being reduced. Additionally, administrative recordkeeping fees are being separated from investment management fees. Separating administrative recordkeeping fees from investment management fees will create greater transparency regarding what you are paying for each service. Recordkeeping fees will be charged as a quarterly flat dollar amount per participant, and will be automatically deducted from your account.
|Annual Recordkeeping Fees
Fee listed is per year, billed quarterly and automatically deducted from your account(s).
|IU Retirement Plan||$28|
|IU Retirement & Savings Plan||$28|
|Tax Deferred Account (TDA)||$28|
|Loan Initiation Fee||Tax Deferred Account (TDA)
|$35 per loan initiated|
|Loan Maintenance Fee (per outstanding loan maintained by Fidelity)||$3.75 per quarter|
|Full Distribution||All Plans||$25 per check/EFT|
|Investment Related Services|
|BrokerageLink||All Plans||$0 account fee
See Commission Schedule (PDF)