July 1 fee updates for Plan 3 and DCP

Posted 14-Jun-2019

Effective July 1, 2019, the administrative and investment management fees the Washington Investment Board (WSIB) charges to Plan 3 accounts and the Deferred Compensation Program (DCP) will increase to 0.0226% from the current level of 0.0205%.

Additionally, the administrative fee the Department of Retirement Systems (DRS) charges to DCP will increase to 0.0473% from the current level of 0.0453%

Both adjustments are due to recent budget increases approved by the Legislature. For WSIB, the increases are primarily due to the addition of staff members to support certain investment strategies and data analytics. For DRS, the increases are chiefly due to two projects related to information technology security and system modernization.

For more information about fund fees and expenses, visit the Investment sections of the Plan 3 and DCP websites.

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