Colorado PERA recently renewed the recordkeeper contract with Voya for the PERAPlus (401(k) and 457 Plan) and DC Plans. Administrative fees in the three plans were reduced to 11 basis points from 14 basis points – a 21 percent reduction, effective February 1. Fees in the PERAdvantage U.S. Large Cap Stock Fund were also reduced to 30 basis points from 35 basis points “Our ongoing relationship with Voya ensures our ability to continue to benefit our membership and control cost — which means more dollars going to our participants’ bottom lines,” said Colorado PERA Executive Director Greg Smith.
Read the news release.
Consider increasing your deferral amount or signing up for PERAPlus to take advantage of these low-cost retirement savings options today!
Basis pointOne hundredth of one percent. 100 basis points = 1%.Basis pointOne hundredth of one percent. 100 basis points = 1%.
