Authority: IC 5-10.5-4-2

Affected: IC 5-10.2-3-6; IC 5-10.3-12-22

Sec. 9. (a) Administrative expenses incurred by accounts in a particular defined contribution plan shall be paid from within that respective plan.

(b) Administrative fees shall be a fixed annual amount per account. The annual amount shall be prorated over one (1) fiscal year and charged to be the member's account monthly.

(c) All defined contribution accounts are subject to administrative fees.

(d) Administrative fees include, but are not limited to, record keeper fees and INPRS' internal administrative expenses.

(Board of Trustees of the Indiana Public Retirement System; 35 IAC 1.2-1-9; adopted Jun 23, 2017: 20170705-IR-035170307ONA)