Whether it’s an account (like the deferred comp plan) offered through your employer or an outside IRA, it costs money to grow your savings in a retirement savings account. The MO Deferred Comp Plan prides itself on competitively-low costs and being transparent about any fees passed on to savers. Those costs are highlighted below. Please don’t hesitate to contact us if you have any questions about the costs associated with this savings plan.
Participant Costs
| ADMINISTRATION | |
| Per Participant Fee | $12 annual fee plus an additional 0.09% of assets |
| BROKERAGE | |
| Self-Directed Brokerage1,2 | $0 one-time setup fee (trading fees may apply) |
| FINANCIAL PLANNING | |
| Financial Needs Assessment | $0 |
| Goal Specific Financial Plan | $175 (waived for participants with a minimum balance of $100,000) |
| Comprehensive Financial Plan | $450 (waived for participants with a minimum balance of $200,000) |
| EXPEDITED DISBURSEMENT | |
| Wire | $15 per use |
| FedEx | varies by delivery address |
| LEGAL | |
| Domestic Relations Order Processing | $0 per divorce |
Deferred Comp Plan Expenses
Operational Expenses — Savers are charged $12 a year (or $3.00 per quarter) in addition to 0.09% of their account balance. The $12 annual charge will show up clearly as a transaction or charge on your quarterly statement while the 0.09% is reflected in fund performance. The total fee covers the cost of deferred comp plan staff, call center, education, mailings, printed materials, technology and tools, recordkeeping and the general administration of your plan.
Investment Management Fees and Other Fund Expenses — These fees support a fund’s management and operations, including advisory, trading, custody, and accounting activities. Investment management and other fund expenses are deducted from fund assets and therefore reflected in each fund’s return.
More detailed fund information, including expanded footnotes on the funds offered in the plan, may be contained within quarterly fund fact sheets, quarterly performance and the annual fee disclosure. Please also review all other detailed information that has been provided to you with respect to the funds in the deferred comp plan.
Fees apply to both, 457 and 401(a), plans.
1 - Charles Schwab & Co., Inc. and MissionSquare are not affiliated and are not responsible for the products and services provided by the other. Schwab Personal Choice Retirement Account® (PCRA) is offered through Charles Schwab & Co., Inc. (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers.
2 - For a complete list of brokerage account fees and charges, please refer to the Schwab Pricing Summary document.
A note about fund performance: Historic performance is not necessarily indicative of actual future investment performance, which could differ substantially. Total return assumes that an investment is made at the beginning of the period and redeemed at the end of the period after reinvestment of any dividends and capital gains distributions. Investment return and principal value may fluctuate so that your investment, when redeemed, may be worth more or less than the contribution to your individual account. All returns are calculated in U.S. dollars.
457 Deferred Compensation Plan Fee & Investment Disclosure (09/30/2022)
401(a) Fee and Investment Disclosure (09/30/2022)
