Idea Transcript
401(k) PLAN FEE DISCLOSURE FORM For Services Provided by American Funds Total Plan Expenses Role(s) performed by service provider ☒ Custodian/Trustee
☒ Record Keeper
☒
Third-Party Administrator
☐ Investment Professional ☐ Other (Describe): Assumptions Total Plan Assets
$282,124.12
Eligible Employees
6
Plan Expenses Fund Name Amcap Fund R2 Growth Fund of America R2 Smallcap World Fund R2 New World Fund R2 Investment Company of America R2 Fundamental Investors R2 Income Fund of America R2 Capital Income Builder R2 American Funds Money Market Fund R2 American Funds 2035 Target Date R2 American Funds 2040 Target Date R2 American Funds 2045 Target Date R2 American Funds 2050 Target Date R2
Fund Expenses(1)
Fund Balance
Provider %(2)
Provider Fees
1.43% 1.35% 1.79% 1.78% 1.36% 1.35% 1.32% 1.35% 0.08% 1.52% 1.53% 1.54% 1.54%
$19,065.44 $18,840.07 $8,516.80 $7,515.01 $47,530.22 $47,493.10 $39,955.03 $39,047.52 $5,167.81 $33,342.84 $1,093.73 $7,165.08 $7,391.47
0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.00% 0.96% 0.96% 0.96% 0.96%
$182.54 $180.38 $81.54 $71.95 $455.06 $454.71 $382.54 $373.85 $0.00 $319.23 $10.47 $68.60 $70.77
Provider fees paid from Fund Expenses
$2,651.64
Provider fees deducted from participant accounts or paid by employer
$1,500.00
Investment expenses (i.e., Fund Expenses not used to pay provider fees)
$1,255.52
Total (“all-in”) plan expenses
$5,407.16
(1)Fund
Expenses include the fund’s expense ratio plus any “wrap” fee charged by the provider. The expense ratio is determined through an annual calculation, where a fund's operating expenses are divided by the average dollar value of its assets under management. Fund Expenses lower investor returns. (2)Provider
% includes revenue sharing paid to the provider by the investment fund or wrap fees added by the provider. These expenses lower investor returns.
401(k) PLAN FEE DISCLOSURE FORM For Services Provided by Employee Fiduciary Total Plan Expenses Role(s) performed by service provider ☒ Custodian/Trustee
☒ Record Keeper
☐ Investment Professional
☐ Other (Describe):
☒ Third-Party Administrator
Assumptions Total Plan Assets
$282,124.12
Eligible Employees
Annual Fees Fund Name Vanguard Prime Money Market Fund(1) Vanguard Total Bond Market Index Fund(1) Vanguard 500 Index Fund(1) Vanguard Extended Market Index Fund(1) Vanguard Total International Stock Index Fund(1) Vanguard Target Retirement Income Fund(1) Vanguard Short-Term Gov’t Bond Index Fund(1) Vanguard Total International Bond Index Fund(1) Vanguard Growth Index Fund(1) Vanguard Value Index Fund(1) Vanguard Target Retirement 2010 Fund(1) Vanguard Target Retirement 2015 Fund(1) Vanguard Target Retirement 2020 Fund(1) Vanguard Target Retirement 2025 Fund(1) Vanguard Target Retirement 2030 Fund(1) Vanguard Target Retirement 2035 Fund(1) Vanguard Target Retirement 2040 Fund(1) Vanguard Target Retirement 2045 Fund(1) Vanguard Target Retirement 2050 Fund(1) Vanguard Target Retirement 2055 Fund(1) Vanguard Target Retirement 2060 Fund(1)
Fund Expenses(2) 0.17% 0.20% 0.05% 0.14% 0.14% 0.16% 0.12% 0.20% 0.10% 0.10% 0.16% 0.16% 0.16% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18%
Fund Balance
Provider %(3)
Provider Fees
Balances are irrelevant. Employee Fiduciary retains no revenue sharing!
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Employee Fiduciary fees paid from Fund Expenses Employee Fiduciary fees deducted from participant accounts or paid by employer Investment expenses (i.e., Fund Expenses not used to pay Employee Fiduciary fees) Total (“all-in”) plan expenses (1)Fund
$0.00 $1,725.70 $433.62 $2,159.32
represents an example of the low cost funds available at Employee Fiduciary.
(2)Fund
Expenses include the fund’s expense ratio plus any “wrap” fee charged by the provider. The expense ratio is determined through an annual calculation, where a fund's operating expenses are divided by the average dollar value of its assets under management. Fund expenses are taken out of a fund's assets and lower investor returns. (3)Provider
% includes revenue sharing paid to the provider by the investment fund or wrap fees added by the provider. These expenses lower investor returns.