Investment Fees
Like many other investments, PEPP does not bill you separately for fees. The Plan deducts these expenses from the unit value. Fees vary between investment funds.
All investment options incur a common administration fee. Plus, each option is charged a different investment fee based on the asset mix.
The types of fees reflected in the unit values are:
- Administration fees - salaries, benefits, computer systems, and general Plan operating expenses, including investment consultant services;
- Investment custodial fees - safekeeping and transaction fees; and
- Investment manager fees - managing investments within the Plan.
PEPP's management expense fees tend to be lower compared to outside investments because PEPP calculates its fees on a cost-recovery basis.
Member Transaction Fees
PEPP charges a fee to complete the following:
| Transaction Type | Effective Date | Fee |
|---|---|---|
| Maintenance Orders | December 15, 2010 | The cost of complying with a maintenance order: $45. |
| Lump-Sum Transfers (including partial account transfers from PEPP accumulation to Variable Pension Benefit (VPB) account and/or Lifetime Pension) | April 1, 2016 | Transactions in excess of one per fiscal year (April 1 to March 31): $60. |
| Marital Breakdown Calculations | September 1, 2009 | First estimate is free. Subsequent related calculations: $60 per hour (billed in half-hour increments). |
| Inter-fund Transfers | April 1, 2014 | All transfers completed through PLANet are free of charge. Transfers in excess of two per fiscal year per manual transaction (requested on an Investment Options form): $30. |
In addition, these fees apply to Variable Pension Benefit transactions:
| Transaction Type | Effective Date | Fee |
|---|---|---|
| Payment Schedule Change | April 1, 2022 | All transactions completed through PLANet are free of charge. Transactions exceeding one per fiscal year: $30. |
| Lump-sum Payment Requests | April 1, 2022 | All transactions completed through PLANet are free of charge. Transactions exceeding one per fiscal year: $60. |
| Change of Fund From Which Payments are Made | April 1, 2022 | All transactions completed through PLANet are free of charge. Transactions exceeding one per fiscal year: $30. |