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Fort Meade trustees accept revised FMPTF fee schedule
Summary
The Board of Trustees voted to accept a revised FMPTF fee schedule after a plan-administration update by FMPTF representative Jeremy Langley. The motion was moved by Commissioner Watts and seconded by Commissioner Schaill and carried with all yeas.
During the plan-administration portion of the meeting, Jeremy Langley addressed a revised FMPTF fee schedule and trustees moved to accept the changes.
Commissioner James Watts moved to accept the revised FMPTF fees; Commissioner James Possum Schaill seconded the motion. The minutes record that the motion "carried with all yeas." The transcript does not specify the dollar amount or percentage of the fee revision.
Trustees did not provide additional details in the recorded minutes about how the fee change will be implemented or its projected dollar impact; staff and FMPTF are positioned to provide any follow-up analysis at future meetings if trustees request it.
