Members are charged an asset based fee for administrative services. This charge is currently 0.17% of your account balance per year and will be deducted quarterly (0.05% per quarter) from your individual account. This charge is currently capped at $300 per year.
Administrative charges are reviewed regularly by the PERB and may change.
Investment Management Fees:
Investment options available in the plan may charge investment management fees. Management fees are shown as “expense ratios” in each investment options’ prospectus.