ANNOUNCING A FEE CHANGE FOR YOUR WYOMING RETIREMENT SYSTEM 457 DEFERRED COMPENSATION PLAN
The Wyoming Retirement System (WRS) regularly monitors and reviews the services, investments, and fees in the WRS 457 Deferred Compensation Plan (“Plan”). WRS made the decision to change the asset-based administrative fees that are charged as part of their ongoing commitment to provide you with the best possible opportunity to save for your retirement.
Effective July 1, 2024, the annual administrative fee is being lowered to 0.17% of your account balance from 0.19% and is still capped at $100,000 of your aggregate account assets. This means more of your savings will stay invested in your account!
The fee is charged the month following the end of a calendar quarter and is based on the previous quarter’s ending balance. Fees for the second quarter of 2024 are charged in July. The new, lower fee will be reflected in your third quarter statement which will be available in October.
You do not need to take any action. The WRS administrative fees will be automatically adjusted.
If you have any questions or want more information about your Plan, visit wrsdcp.com or call Empower at 800-701-8255.
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