About our fees
Local Unions Retirement Income Program fees
It’s important that members understand how investment expenses work. As part of our retirement workshops, we educate members about the impact that investment expenses have on retirement accounts. According to attendee surveys, this has been the most eye-opening feature of our workshops.
Whether you are about to retire and are looking for a place to rollover your pension and 401(k), or are years away from retirement, we encourage you to gain a better understanding of the different types of expenses associated with your investments.
The Elite Portfolios in the Local Unions Retirement Income Program utilize mutual funds with low annual expenses, with no upfront sales charges or withdrawal charges.*
Elite Portfolios: Total annual expenses
|
|||||
| INDEX OPTION (Portfolios I – V) |
HYBRID OPTION (Portfolios I – V) |
ACTIVE OPTION (Portfolios I – V) |
|||
| Average Investment Management Expense1 (Vanguard, Federated, Fidelity, etc.) |
0.06%-0.08% | 0.12% – 0.24% | 0.27% – 0.44% | ||
| Advisory Fee | 0.70% | 0.70% | 0.70% | ||
| Administrative Fee | 0.20% | 0.20% | 0.20% | ||
| 0.96%-0.98% | 1.02% – 1.14% | 1.17% – 1.34% | |||
| 1 Represents weighted average of net expenses as disclosed in prospectus based on portfolio allocations in effect on November 2024. Allocations are subject to change through portfolio management and rebalancing.
An annual fee of $35 will also apply but is waived with $100,000 or more in Elite assets. |
|||||
All fees associated with program investment options can be easily viewed on the Scarborough Local Unions Retirement Income Program summary sheet.
Expenses matter! To see the dramatic impact expenses can have on your investments over time and for a checklist to help you compare Scarborough fees to other rollover options, see the document Questions to Ask a Financial Advisor. Of course, you are invited to contact Scarborough at (800) 223-7608 if you have questions or would like more information.
*An annual asset-based fee will apply, as well as other internal expenses and fees of the funds.