MUS - RP AND DEFINED CONTRIBUTION COMPARISON CHART
| Feature |
MUS - RP |
DC |
| Vesting on Employer Contributions |
Immediate.
Depending on age and account balance, distributions of employer contributions may be restricted. |
5 years |
| Allocations of Employer Contributions |
8.87% = Total Contributions
0.04% Education Fund
6.86% Individual Account
1.87% Temporary Add’l Contributions to Individual Account
|
8.87% = Total Contributions
0.04% Education Fund
0.30% Disability Plan
6.56% Individual Account
1.87% Temporary Add’l Contributions to Individual Account |
| Long Term Disability Plan |
Not available through MUS-RP. Is required as part of the Montana University System Choices benefits program. |
Component of the Plan. |
| Administrative Costs |
Administrative costs are 0.08% per year on account balance with individual investment options and change fees.
For example, on a $10,000 account balance, cost would be $8.
|
Administrative costs are 0.14% per year on account balance with individual investment options and change fees.
For example, on a $10,000 account balance, cost would be $14.
|
| Investment Options |
Selection of variable annuity products. Variable annuities do not guarantee principal or return. Traditional fixed annuity product guarantees principal and return. |
Selection of retail and institutional mutual funds. These funds do not guarantee principal or return. Stable value product guarantees principal and return. |