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How Does Your 403(b)/457(b) Stack Up to the CSD Retirement Trust?
Comparison Vendor
CSD Retirement Trust
Sales Loads - Up Front
(Typically 1% to 5.75% of contributions)
%
N/A
range
Annuity M&E Expenses
(Typically 1.5% of assets)
%
N/A
range
Investment Manager Fees (Mutual Funds)
(i.e. Fidelity - based on share class)
%
0.04% to 1.10% range
range
Current Weighted Average = 0.13%
Contingent Deferred Surrender Charges
(usually 1% to 7% when contract surrendered
%
N/A
range
range
%
N/A
average
average
Annuity Contract Maintenance Fees
(usually a flat annual fee between $25 and $50)
$
N/A
average
average
Recordkeeping/Admin/Compliance Fees
(Typically an "add on" asset based fee)
%
0.23%
Your Vendor(s)
Current VALIC Fee
Registered Investment Advisor Fee (asset based)
(District currently does not have an independent RIA)
N/A
0.0875%
Current CBIZ Fee
CSD Retirement Trust Fee
(set by CSD Board of Advisors)
N/A
$20/Annum Headcount Fee
Current CSD-RT Fee
Managed Account Fee-Annual
0.60%
Optional Fee for those that participate
12(b)1 Fees to pay advisor commissions
(Usually an asset based 0.25% fee)
%
N/A
range
range
Transparency of Fees
?
Yes
Fixed Income Current Yield
?
2.15%
Financial Advisors compensation
?
Not Commission Based
403(b)/457(b) Investment Options
?
Same Options for Both
Roth 403(b) Available?
?
Yes
Roth 457(b) Available?
?
Yes
Qualified Longevity Annuity Contract (QLAC)
Yes
Rollover Fee to purchase time in PSRS
?
$0
Ways to Manage Account
?
Financial Advisor/Internet/#800
Professional Review of Investment Options
?
Quarterly
Performance of Investment Options vs. Industry
Benchmark: 1/1/2010-12/31/16
?
29 out of 31 beat benchmark
Able to maintain current FA while in the Trust?
?
Yes
Number of unique mutual funds investment options
?-How many are duplicated?
32