Fees Reduced

July 18, 2017

Two women and a man look at a laptop.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.

 

Photo: Szepy/Thinkstock