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← MinnesotaSecureChoice
Employer Saver
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  1. Minnesota Secure Choice
  2. Employer
  3. Frequently Asked Questions
  4. Saver FAQs
  5. Managing Investments and Understanding Fees

What does the administrative fee pay for?

It covers all administrative costs associated with the program, such as the cost of maintaining your account, oversight of the program’s investments, providing customer service, keeping records, online and phone services, and the operating expenses of the underlying investment funds in which the investment options are invested.

Articles in this section

  • Who is responsible for choosing the available investment options?
  • Where can I find information about investments, fees, risks, and other program details?
  • Where do my contributions go?
  • What if I don't select investments for my Minnesota Secure Choice account?
  • Is there a fee to participate in the program?
  • What about expense ratios and fees?
  • What does the administrative fee pay for?
  • Are there measures to keep my Minnesota Secure Choice account safe from cyber threats?
  • Does the program secure funds deposited into employee accounts?
  • What about market volatility?
See more

Related articles

  • Is there a fee to participate in the program?
  • Where can I find information about investments, fees, risks, and other program details?
  • Is investing in the program the same as putting money in a bank?
  • What about market volatility?
  • What about expense ratios and fees?
← SecureChoice.mn.gov