19-3-2105. Administrative expenses and fees. (1) The board may establish a fund within the defined contribution plan for paying the plan's administrative expenses.
(2) The board may:
(a) assess fees to pay the reasonable administrative costs of the plan; and
(b) negotiate with a vendor or vendors for vendor reimbursement of board administrative expenses for the plan.
(3) All fees assessed must be fully disclosed to plan members and treated as public information.
(4) Costs for the board to provide for contract oversight are included as part of the administrative expenses of the plan.
History: En. Sec. 46, Ch. 471, L. 1999.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
Part 21. Defined Contribution Plan
19-3-2104. Board powers and duties -- rulemaking
19-3-2105. Administrative expenses and fees
19-3-2106. Limited contract right
19-3-2107. through 19-3-2110 reserved
19-3-2111. Plan membership -- written election required -- failure to elect -- effect of election
19-3-2114. Amount available to transfer
19-3-2116. Vesting -- mandatory termination of membership -- forfeitures
19-3-2117. Allocation of contributions and forfeitures
19-3-2118. through 19-3-2120 reserved
19-3-2122. Investment alternatives -- notice of changes -- default fund
19-3-2123. Payout of vested account balances when terminating plan membership
19-3-2126. Refunds -- minimum account balance -- adjustment by rule
19-3-2127. through 19-3-2130 reserved
19-3-2133. Employee investment advisory council
19-3-2135. through 19-3-2140 reserved
19-3-2142. Disability benefit recipients to remain members -- access to account prohibited