The fees assessed to the Enable Savings Plan include.
- The account fee is a quarterly charge per account of $12.50 ($50 annually), regardless of the number of Investment Options or which Investment Option you invest in. To reduce this fee to $10.00 quarterly ($40 annually), enroll in electronic delivery at enrollment or by logging into your account online.
- The total program management fee is an asset-based fee of up to 0.45% of total assets (also known as 45 basis points). For example, if you had $100 invested, an asset-based fee of 0.45% (45 basis points) would equal about $0.45 ($100 x .0045 = $0.45). A detailed table for each investment option is provided within the Program Disclosure Statement at EnableSavings.com.
- If you invest in the Checking option, the monthly maintenance fee is $2.00 monthly.
Annual Account Fee
There is a quarterly charge per account of $12.50 ($50 annually) regardless of the number of Investment Options or which Investment Option you invest in. To reduce the fees to a quarterly fee of $10.00 ($40 annually) one can establish electronic delivery. This can be done during the enrollment process or by logging into your account. Log In
Total Asset-Based Fees
Total Asset-Based fees range from 0.00 to 0.45%. (There are no Asset-Based fees for the Checking Investment Option.)
The Total Annual Asset-Based fees include the amount charged by the underlying fund and the fee paid to manage the Plan including costs for forms, website, processing, legal, and marketing. This fee is incorporated into the price of the Investment Option.
This fee is not deducted from your account.
| ANNUAL ASSET-BASED FEES BY INVESTMENT OPTION | |||
|---|---|---|---|
| Investment Option | Program Management Fee1 | Estimated Underlying Mutual Fund Expense2 | Total Annual Asset-Based Fees3 |
| Aggressive | 0.40% | 0.05% | 0.45% |
| Growth | 0.40% | 0.05% | 0.45% |
| Moderate | 0.40% | 0.05% | 0.45% |
| Conservative | 0.40% | 0.05% | 0.45% |
| Bank Savings | 0.40% | 0.00% | 0.40% |
| Checking | 0.00% | N/A | 0.00% |
Fees specific to the Checking Account Option
For the Checking Investment Option, there is no charge to receive a debit card. Additional service fees may be charged. Please click here to see additional fees or charges for the Checking Investment Option.
No Other Account or Transaction Fees
There are no other fees – no fees to enroll, withdraw, change Investment Options, or to transact online.
There may be additional convenience fees such as a fee due to a returned check with insufficient funds, or to pay for a withdrawal check that you request to be sent via overnight mail.
EXAMPLE OF FEES BY PORTFOLIO FOR A $10,000 INVESTMENT
| APPROXIMATE COST OF A $10,000 INVESTMENT | ||||
|---|---|---|---|---|
| Investment Option | 1 Year | 3 Years | 5 Years | 10 Years |
| Aggressive | $44 | $139 | $243 | $546 |
| Growth | $44 | $139 | $243 | $547 |
| Moderate | $44 | $139 | $243 | $548 |
| Conservative | $45 | $141 | $246 | $553 |
| Bank Savings | $41 | $128 | $224 | $505 |
| Checking | $24 | $72 | $120 | $240 |
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