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Comprehensive fee report shows plan paid ~32.5M in 2024; management-fee ratio has declined over decade
Summary
Staff presented the system's annual, comprehensive fee report showing total plan expenses around $32.5 million (about 103 basis points) in 2024, a management-fee ratio plateau near 60 basis points, and $4.3 million in negotiated fee savings for the year.
Office of Retirement Services staff presented the plan's annual comprehensive fee report, outlining management fees, incentive fees and operating expenses for the pension plan and the Health Care Trust.
Highlights presented by Ron and Harrison: - Total fees and expenses for the pension plan in calendar year 2024 were reported at approximately $32.5 million, equal to roughly 103 basis points (1.03 percent) of plan assets for the year. That total includes management fees, incentive fees and operating expenses. - The Health Care Trust's fees were under $1…
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