Montana Public Employee Retirement Administration

457 (b) Deferred Compensation Fees and Charges

Administrative Charges:

Each year as part of the Montana Public Employees’ Retirement Board’s fiduciary duty it must review all fees charged to participants relative to the cost of the 457 plans’ administrative expenses in order to determine if the fees are reasonable to cover plan expenses.  

Participants are charged a graduated asset based fee for administrative services as follows:

Asset Fees Table
$0 – 20,000     = 0.44%
$20,001 – 50,000 0.34%
$50,001 – 100,000 = 0.24%
Over $100,000 = 0

The graduated asset fee will never be more than $77.50 per quarter, $310 annually

Administrative charges are reviewed regularly by the Board 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.