Administrative fee
Each participant shares in the costs of the services the Plan offers. The annual administrative fee is based on your account balance. This fee is deducted monthly from your account balance.
| Account Balance | Monthly Fee |
|---|---|
| Up to $10,000.00 | $2 |
| $10,000.01 to $30,000.00 | $4 |
| $30,000.01 to $90,000.00 | $6 |
| Over $90,000.00 | $8 |
Investment option expenses
Each investment option charges a management fee. This fee is deducted by each investment option's management company (not by MNDCP) before the calculation of the daily price per share or the fund's performance return. Operating expenses are disclosed on the monthly Investment Option Performance Report, shown as "Gross Fund Expenses."