In addition to Plan recordkeeping expenses, The Nevada System of Higher Education is responsible for evaluating the Plan's administrative services and investment options on a regular basis to ensure that they are meeting the System's objectives and performing within established guidelines set by the System. As provided by your Plan, your account is charged an annual fee 0.031% (charged quarterly) out of fund assets for these services. TIAA-CREF also receives indirect compensation directly from the total annual operating expenses of one or more of the investment options offered under the Plan (for example, through revenue sharing arrangements, Rule 12b-1 fees, sub-transfer agent fees.) These shareholder-type fees are in addition to any plan-wide fees and expenses that may have been charged to your account for general plan recordkeeping and administration services. In order to prevent duplicate charges, these expenses may be periodically reimbursed to participants pursuant to a bundled service arrangement with TIAA-CREF.
Fees and expenses for each investment option include the total annual operating expense, which reduces the investment's rate of return, along with any shareholder-type fees. Total annual operating expenses varyfrom investment to investment. To learn more about the annual operating expenses associated with the investments in your Plan, see a list of the investment choices under this plan on the Investment Choices page, and read the Fact Sheet or the prospectus for that investment.