Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Atlantic Pension Services Inc
ERISA Services, Inc.
Creative Pension Consultants, Inc.
The Retirement Plan Company (TRPC)/an ABG firm
Nova 401(k) Associates
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|New CREF Fund Structure Could Trigger Significant Increase in Expense Ratios for Some Smaller Plans|
Asset Strategy Advisors
May 12, 2015
"College Retirement Equities Fund (CREF) ... rolled out new multi-share class versions of their eight investment portfolios.... The new class designation is based on an institution's total assets in CREF Accounts across all plans. Smaller plans, with total CREF assets ... less than $20M, will bear the brunt of the expense change.... The average participant in a retirement plan that has less than $20M in CREF assets are now paying 50-60% more for the same CREF funds they owned before April 24th. TIAA, as the administrator of these 'smaller' plans, has also increased what they receive internally by 45%."
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