Effective July 1, 2017, a key fee for PERAPlus 401(k)/457 and PERA DC Plan participants was reduced from 0.11 percent to 0.07 percent.
The reduced Plan administration asset-based fee is automatically built into the total asset-based fee that is deducted from each investment option’s rate of return. The table below compares the new and old total asset-based fees:
|Fund||New Fee||Old Fee|
|PERAdvantage Capital Preservation Fund||0.28%||0.32%|
|PERAdvantage Fixed Income Fund||0.27%||0.31%|
|PERAdvantage Real Return Fund||0.24%||0.28%|
|PERAdvantage U.S. Large Cap Stock Fund||0.26%||0.30%|
|PERAdvantage International Stock Fund*||0.52%||0.55%|
|PERAdvantage U.S. Small and Mid Cap Stock Fund||0.52%||0.56%|
|PERAdvantage SRI Fund*||0.38%||0.38%|
|PERAdvantage Target Retirement Date Funds||0.18%||0.22%|
* The PERAdvantage International Stock Fund and PERAdvantage SRI Fund utilize revenue sharing. This is used to reduce the Plan administration asset-based fee by the amount of such revenue sharing.