Hi, I am new here, so I hope I am posting correctly.
Mass Mutual was the only 457b option for my Oregon school district. I couldn't actually find accurate fees and expenses so I made an appointment drove 30 minutes to get them. Worth it.
High fees and multiple fees Mass mutual hidden away.
I am pushing my district to adopt low fee OGSP - Oregon Growth Saving plan.
It seems like 457 fees associated with OSGP are much lower than the 457 fees with the current and only Woodburn 457 provider, Mass Mutual. ( there seem to be MANY Mass Mutual fees and expenses in the 30 page agreement. I was able to get a a summary from Wayne Muller which I have attached.)
MASS Mutual - example Large Cap Am Century Ultra
Invest Mgmt Fee 0.99%
12b-1 Fee 0
Other Expense .02
Total Annual Underlying F.O.E fee = 0.97%
Mortality, Expense and Admin Charge= 1.25%
fee to CUSO Wayne Muller .35%
Total Fees and Charges 2.22% 1.98% to 2.65% a year for Mass Mutual 457 through Wayne Muller at Salem MAPs CUSO
vs
OSGP through Voya fees
Total admin fee = 0.12%
Investment fees Stock index 0.040%, to 0.53%
total fees and charges OSGP = 0.16
