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DeKalb committee approves single 10‑basis‑point fee for Nationwide retirement accounts
Summary
DeKalb County's committee approved a proposal to level administrative fees for employee Nationwide accounts at 10 basis points, which presenters said would lower fees for about 93% of participants and raise fees for roughly 7% currently paying zero.
The DeKalb County Internal/Intergovernmental & Public Safety Committee approved a proposal to standardize administrative fees for Nationwide supplemental retirement accounts at 10 basis points (0.10%), a change presenters said will reduce fees for the majority of participants while increasing fees for a small group that currently pays nothing.
A finance or risk-management staff member presented the change to the committee as item…
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