If you’re considering moving your Plan assets to another provider, be sure to compare your current fees and expenses to what you would pay elsewhere! The worksheet below will help you do just that. If you have any questions, please call a local Retirement Counselor at 213-978-1601.

 

Distribution of Fees/Expenses

Annual Fee

Also known as Trustee or Custodial Fee; typically, an administrative charge

Your City of Los Angeles DC Plan

0.09% of account balance

(not to exceed $115 annually)

Compare the other IRA or Plan Fees/Expenses

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Sales Charges or Loads

Usually, in mutual funds, a charge assessed on the value invested at the beginning (front-end load) or redemption (back-end load); there are other variations of loads

$0

(Waived even if the retail version has a load)

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Mortality and Expense Fee (M&E)

Assessed typically for variable and fixed annuities on investments issued by insurance companies

$0

?


Contingent Deferred Sales Charge (CDSC)

Assessed for some mutual funds and variable annuities if in certain cases funds are withdrawn, rolled over or transferred before the end of an established period

$0

?


Operating Expense Ratio

Also known as an Investment Management Expense, an implicit mutual fund or variable annuity fee (netted from the return so that you do not “see” it as a fee) that pays the fund company for its services

Varies depending on investment option; the Plan’s average expense ratio is 0.18%

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Transfer or Exchange Fee

A transaction-based fee for transferring to other funds, usually to another fund family

$0

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Transaction Fee

Assessed if you make fund transfers or other transactions, such as requesting a distribution

$0

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