Reduced fee changes on your plan account
The Miami-Dade County Deferred Compensation Plan and Nationwide, as part of our long-standing relationship, are pleased to announce improvements to the Miami-Dade County 457(b) Plan program at Nationwide.
Miami-Dade, in their continuing due diligence process, conducted a benchmarking study with an independent retirement consulting firm, Gallagher Benefit Services, Inc. As a result, your 457(b) Plan at Nationwide is implementing a reduced recordkeeping fee.
What to expect
On November 1, 2022, the following fee reduction was made to your investment lineup:
| From previous recordkeeping fee |
new recordkeeping reduced fee |
| All Investment 0.05% |
All Investment 0.03% |
NOTE: The reduced fee will be deducted from your account at the end of the month on November 31, 2022.
We’re here to help
For personal assistance with any step of your Plan participation, please contact one of your Local Miami-Dade County Retirement Specialist:
Alain Rodriguez
305-990-3382
Anthony Steel
305-972-5161