Your New York Secure Choice account includes fees for the administration of the program and the operating expenses charged by the underlying funds in which the program’s investment options are invested. These fees are automatically deducted from your account.
New York Secure Choice has an annual asset-based fee ranging from 0.22% to 0.31% depending on your investment choices. This means you’ll pay from $0.22 to $0.31 for every $100 in your account. There is also an annual per-account fee of $28 (that is charged quarterly at $7). See the Program Description for more information.
Additional Fees
The additional fees shown below apply if you choose to:
- Receive withdrawals by paper check
- Receive quarterly account statements in paper form (this $10.00 fee will be waived if you choose to receive quarterly account statements electronically)
- Process a rollover of your account to an IRA outside the program
If applicable, these fees are deducted from your account assets.
| Rollovers | $50.00 per rollover out |
| Paper statements | $2.50 assessed quarterly ($10.00 total per annum) |
| Paper checks | $5.00 per check |