Expenses vary from investment to investment. To learn about expenses associated with an investment, 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.
In addition, Randolph-Macon College has engaged TRG Advisors, Inc. and Millennium Advisory Services, Inc. to provide services to the Randolph-Macon College Retirement Plan. TRG Advisors, Inc. is an SEC registered investment firm, providing investment selection, monitoring and benchmarking services to the Plan. TRG charges an annual fee of 0.15% for these services. Millennium Advisory Services, is a registered investment advisory firm that specializes in working with higher education institutions and their employees, providing education and advice services to plan participants.
Millennium charges an annual fee of 0.15% for these services. TIAA-CREF will deduct the annual fees of both providers on a pro-rata quarterly basis at .0375% from participant Retirement Choice annuity accounts to pay these two firms for their services. Additionally, TIAA-CREF charges an annual administrative fee of .16% that will be deducted from the participant Retirement Choice annuity contracts on a pro-rata quarterly basis at .04%. Participants will see all fee's applied on their quarterly statements.