FOR IMMEDIATE RELEASE

First-ever compilation of Association’s collective knowledge provides overview of recordkeeping, asset management, and consulting model fee types and structures; recordkeeping cost drivers and impact on plan expenses

Lexington, KY, October 3, 2024—The National Association of Government Defined Contribution Administrators today announced availability of the NAGDCA Fees Guide for public sector DC retirement plans. NAGDCA is the premier professional association for plan administrators and services providers of government-sponsored defined contribution retirement plans.

“One of the most important aspects of managing a public sector defined contribution plan is understanding the costs associated with the plan,” said Matt Petersen, NAGDCA Executive Director. “Plan sponsors will have to negotiate many different fees in many different circumstances over the course of their careers. Our intent with this document is to provide a foundational resource to enhance understanding of the various DC plan fee types and structures that can be used as a reference for each new situation public plan sponsors encounter.”

“While NAGDCA has provided important plan fee negotiating information and insights for administrators, boards, and committees throughout its history, this is the first time we’re offering a compendium of the primary components of our collective knowledge into a single source,” Matt concluded.

Developed by NAGDCA’s Fees Task Force, the NAGDCA Fees Guide includes an overview of:

  • recordkeeping fee types and structures
  • asset management fee types and structures
  • consulting model types, fee structures, and additional services
  • recordkeeping cost drivers and their impact on plan expenses

The NAGDCA Fees Guide may be accessed here.

ABOUT NAGDCA
NAGDCA provides education, information, and training in all aspects of public plan administration to support members in creating plans that enable secure retirement outcomes for their participants. Additionally, NAGDCA is a co-founder with the Employee Benefit Research Institute of the Public Retirement Research Lab, a retirement industry-sponsored collaborative effort. The PRRL mines data from the PRRL Database, the first-ever database specific to public sector plan- and participant-level defined contribution data, to produce research aimed at enhancing understanding of the design and utilization of public sector defined contribution retirement plans. NAGDCA also conceived National Retirement Security Week to encourage retirement saving among government workers. Through its efforts, National Retirement Security Week evolved into National Retirement Security Month, a national effort to inspire American employees to save adequately for a secure retirement that is observed throughout the retirement industry during the month of October. It has received bipartisan Senate resolution since its conception in 2006. To learn more about NAGDCA, visit https://www.nagdca.org/.

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