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Prepared for Springfield R-XII School District
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L. Custodial Services
Can you, an affiliated or other related party serve as a custodian of a 403(b)(7)
custodial account?
Yes
.
M. References
Finalists will be expected to provide three references of current customers who have
similar plan demographics (i.e., size and plan design) and further instructions will be
provided.
VALIC will provide references if applicable. The CSD-RT has provided a list of participating
school districts and references in the CSD tab section of the RFP response. As a courtesy
to Trust members, please notify Steve Keyser. The Managing Director of the CSD
Retirement Trust to obtain names and contact information for the references.
N. Fees/Expenses
1. Schedule of Fees and Expenses
Please attach a schedule of all fees and expenses covering each of the services
and activities identified in the Service/Activity listing set forth in Section 3 below.
Please provide the same information for any other services described in your
response that is not specifically identified in the Service/Activity listing.
For each fee and expense, specify whether it is:
• Actual amount or an estimate.
• One time or on-going.
• Plan sponsor paid (billed and billing frequency).
• Participant paid (direct or account adjustment).
• Embedded in a funds expenses or expense ratio.
• Embedded in determining the daily investment share/unit value.
• Performance based or adjustable charge.
• Breakpoint impacted.
• Discount oriented.
• Guaranteed, and if so, specify the length of the guarantee.
You should base your responses, and any examples, illustrations or estimates on
our plan information provided in this RFP. If assumptions are necessary, please
fully explain your assumptions and quote the related fees and expenses on a unit
cost basis, if possible.
District Fees
:
o
Districts pay no fees to sponsor the CSD-RT.
Participant Fees
:
o
Participants currently pay the following fees, which are a “line item” on participant
statements for the following service providers:
CSD RT - $20 fixed fee/annum:
(includes CSD-RT Marketing, Legal,
Insurance, Administration & Governance).