Many mutual fund companies pay reimbursements to the Plan for administrative functions they would normally perform themselves. Reimbursements are credited to participant accounts shortly after they are received.

Participants should not choose an investment option based on reimbursements. Funds that do not pay reimbursements may have lower expenses than those that do.

The following mutual funds currently pay reimbursements in the following amounts.

For more information about the available investment options including all charges and expenses, please consult a fund prospectus. Fund prospectuses and additional information relating to your retirement plan can be obtained by contacting us. Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. The fund prospectus contains this and other important information. Read the prospectus carefully before investing.

Mutual Fund Reimbursement
(as a percentage of assets managed)*
Columbia Acorn USA Fund - Class Z 0.25%
Davis New York Venture Fund A 0.35%
Federated Clover Small Value - Institutional Shares 0.10%
Federated Total Return Gov't Bond Fund - Institutional 0.05%
Fidelity OTC Portfolio 0.25%
Hartford Capital Appreciation HLS - IA Class 0.10%
MSIF Emerging Markets Portfolio - Institutional Shares 0.10%
Pax World Balanced Fund - Institutional 0.10%
Principal Large Cap Growth Fund - Institutional Shares 0.10%
Wells Fargo Advantage Small Cap Value Fund - Institutional Shares 0.10%
T. Rowe Price Funds 0.15%

*Reimbursement percentages are subject to change. These percentages are effective as of June 30, 2013. Mutual funds offered by the Vanguard Group do not pay mutual fund reimbursements to the Plan.

Plan Fees

Administrative expenses are funded by participant fees and interest income earned on trust accounts of the Plan.

Details of Participant Fee:

  • A combination of a $20 annual fee, paid in two $10 semiannual installments, and an asset‐based fee calculated on a percentage of the participant’s account balance.
  • The asset based fee only applies to accounts with balances over $20,000.
  • The asset based fee is capped at $200,000 (These fees are subject to change).
  • Deducted from accounts in April and October.
  • Will be deducted pro‐rata from each of the participant’s investment options.
  • Account balances include outstanding loan balances and the Schwab PCRA Self Directed Investment Account.

The Board has and will continue to control Plan expenses and maximize value to participants. Each of the mutual funds offered by the Plan has a fund operating expense that is deducted directly from the fund’s daily price.

Some mutual funds may impose a short‐term trade fee. Some funds may be subject to a trade restriction policy. Please read the underlying prospectuses carefully.

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