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Plan 3 Fund Fees and Expenses Detail

 

The following table includes the administrative and fund manager fees for Plan 3. For more information about fees, see below the table.


Fee detail (as of 09/01/2017)


Fund Name
Manager
fee
Manager
administrative
fee*
WSIB fee

Record
keeping
fee

Total
0.1569%
0.0000%
0.0203%
0.0925%
0.2697%
0.1547%
0.0000%
0.0203%
0.0925%
0.2675%
0.1514%
0.0000%
0.0203%
0.0925%
0.2642%
0.1488%
0.0000%
0.0203%
0.0925%
0.2616%
0.1533%
0.0000%
0.0203%
0.0925%
0.2661%
0.1625%
0.0000%
0.0203%
0.0925%
0.2753%
0.1696%
0.0000%
0.0203%
0.0925%
0.2824%
0.1677%
0.0000%
0.0203%
0.0925%
0..2805%
0.1588%
0.0000%
0.0203%
0.0925%
0.2716%
0.1496%
0.0000%
0.0203%
0.0925%
0.2624%
0.1495%
0.0000%
0.0203%
0.0925%
0.2623%
0.1495%
0.0000%
0.0203%
0.0925%
0.2623%
0.1495%
0.0000%
0.0203%
0.0925%
0.2623%
0.0800%
0.0007%
0.0203%
0.0925%
0.1935%
0.0000%
0.0090%
0.0203%
0.0925%
0.1218%
0.3200%
0.0200%
0.0203%
0.0925%
0.4528%
0.0000%
0.0030%
0.0203%
0.0925%
0.1158%
0.0400%
0.0156%
0.0203%
0.0925%
0.1684%
0.0100%
0.0125%
0.0203%
0.0925%
0.1353%
0.1000%
0.0200%
0.0203%
0.0925%
0.2328%
* Manager Administrative Fees include the operating costs associated with portfolio management and items such as custodial fees, audit fees and transfer agent fees. They are usually fixed costs and change in percentage as the fund balance changes.

WSIB Investment Program

 

Fund Name
Manager
fee
Manager
administrative fee*
WSIB fee
Record keeping
fee
Total
0.3856%
0.0127%
0.0000%
0.0000%
0.3983%


More about Plan 3 Fees

At just a fraction of a percent, most investment fees seem pretty insignificant and many of us ignore them. But knowing the true cost of your investments is a critical part of retirement savings. Let's take a closer look at investment fees. Plan 3 has two different types of fees: administrative and management.


Administrative fees

Administrative fees cover investment services provided by the Washington State Investment Board (WSIB), recordkeeping, communications and customer service. Plan 3 administrative fees are included in the price of shares and won't be visible on your statement. Administrative fees apply to all customers. This fee is based on the administrative costs of the program and is determined annually. Changes to the fee, if any, usually go into effect in July.


Because Plan 3 is profit–neutral, we are able to keep the fees low. The Plan 3 administrative fee includes WSIB and recordkeeping fees. These total 0.1128%.


Management fees

Management fees usually make up the bulk of fund expenses. Why? The funds are managed by teams of investment professionals. The fees vary with each investment option. Management fees are included in the price of shares and won't be visible on your statement. See the Plan 3 fund fees table to view actual management fees for each fund.


WSIB works with fund managers under contract to keep fees low. You always have the option to change your investment selection for Plan 3. When selecting any investment, it is beneficial to review the management fees. Now this is simplified because normally your investments would vary each quarter depending on your contributions and the performance of the market. So every quarter would be calculated based on the exact account balance and performance at the time.

 


Some retirement plans may have additional fees and expenses. Plan 3 does not. For example, you are not charged for selecting a different investment fund. Plan 3 contribution amounts can only be changed if you change employers.