A Closer Look at Our Fees

What Are These Fees?

When reviewing your account history, you will see monthly fees assessed to your account. Our commitment to you: we will work hard to keep those fees as low as possible. You may wonder, why do you have to pay these fees?

All Retirement Plans Have Fees

There are three types of expenses incurred by all retirement plans: 1) investment, 2) recordkeeping, and 3) administrative.

• Investment expense is the fee charged by the fund managers.

• Record keeping expense is the fee charged by Principal to maintain your retirement account.

• Administrative expense is the fee charged by Servant Solutions to support our day-to-day operations.

You can review the investment fee charged by each fund manager by clicking here (reference the far right-hand column). In addition to the investment fee, each participant is charged a monthly recordkeeping and administrative fee.

Our Commitment to You: The Lowest Fees Possible

At Servant Solutions, we are committed to keeping expenses low. The Servant Solutions Retirement Plan utilizes a variety of mutual funds and LifeFund portfolios (both include index funds) that are considered low cost funds.

Also, we offer our participants the advantage of consolidating smaller retirement accounts into a larger plan. We have consolidated contributions from over 1,600 churches/organizations. Because of this consolidation, the Servant Solutions Retirement Plan is able to offer our participants lower expenses.