The National Employers Retirement Trust, Sandy Spring Bank – Trustee, provides management of all group trust services, including, but not limited to investing, distributing, allocating and confirming of plan assets and activities. An expense factor of of .00233% (0.85%/yr) is applied to the average daily balance of plan assets, except the guaranteed account, for trust recordkeeping. All pricing is posted on a daily basis and is net of all management expenses.
What is the trust management and accounting expense in NERT?
on November 14, 2017 with No Comments