There are two types of fees participants typically pay to participate in the HCSP.
Each participant shares in the cost of the services offered by the plan. The annual administrative fee is 0.65% of your account balance. The maximum annual fee is $140 per year or $11.67 per month.
The fee is deducted pro rata from your investment options the middle of each month and is calculated on the average daily account balance for the prior 30-day period.
Example: If you have an average monthly balance of $5,000, your administrative fee for that month would be $2.70 ($5,000 x .054%).
Investment Option Expense
Each investment option charges a management fee. This fee is deducted by each investment option's management company (not by HCSP) before the calculation of the daily price per share or the fund's performance return.
Operating expenses are disclosed on the monthly Investment Performance (pdf) report, shown as "Gross Fund Expenses."