Attachment_A_-_Expense_Ratio_Seminole_County_Sheriff's_Office_457.pdf
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- Solicitation number
- RFP-604926-25/LNF
- Issued by
- Seminole County, Florida
About this file
This document is an Expense Summary for the Seminole County Sheriff's Office 457 Deferred Compensation Plan as of June 30, 2024, detailing investment options and their associated expense ratios. The comprehensive table lists 45 different investment vehicles, including mutual funds, index funds, target date funds, and collective investment funds from providers such as American Funds, Fidelity, Nationwide, JPMorgan, and others. Each investment option is broken down by prospectus gross expense ratio, fund management fee, 12b-1 fees, other expenses, and net expense ratio, with a consistent administrative fee of 0.04% across all options.
The expense ratios range significantly, from a low of 0.02% for the Fidelity 500 Index to a high of 1.34% for Income America In Ret Fund and several target date funds. Most standard mutual funds and index funds have expense ratios between 0.25% and 0.70%, while target date and target risk funds from Nationwide typically range from 0.43% to 0.53%. The document is marked "For Plan Sponsor Use Only" and includes detailed footnotes explaining the methodology behind expense calculations, waivers, and other technical details about the investment options, suggesting this is an internal document for plan administrators to review the cost structure of the retirement plan's investment choices.
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Expense Summary Seminole County Sheriff's Office 457 as of June 30, 2024 For Plan Sponsor Use Only Not For Use with Plan Participants
Investment Option Prospectus Gross Expense Ratio or Total Collective Investment Fund Annual Operating Expense Ratio
Fund Management Fee
12b‐1 Fee
Other Expenses
Prospectus Net Expense Ratio or Total Collective Investment Fund Annual Operating Expense Ratio
Nationwide Administrative Fee
Total Expense to Participants
Prospectus Expense Waiver
Prospectus Expense Waiver Expiration
Date American Funds AMCAP R6 0.34% 0.30% 0.00% 0.04% 0.34% 0.04% 0.38% 0.00% American Funds American Balanced R6 0.25% 0.21% 0.00% 0.04% 0.25% 0.04% 0.29% 0.00% American Beacon Small Cp Val R5 0.80% 0.70% 0.00% 0.10% 0.80% 0.04% 0.84% 0.00% DFA Global Real Estate Securities Port 0.31% 0.19% 0.00% 0.03% 0.22% 0.04% 0.26% 0.09% 2/28/2025 DFA US Small Cap I 0.28% 0.25% 0.00% 0.02% 0.27% 0.04% 0.31% 0.01% 2/28/2025 Delaware Climate Solutions I 1.00% 0.85% 0.00% 0.14% 0.99% 0.04% 1.03% 0.01% 7/30/2024 Federated Hermes Instl High Yield Bd R6 0.51% 0.40% 0.00% 0.09% 0.49% 0.04% 0.53% 0.02% 1/1/2025 Fidelity 500 Index 0.02% 0.01% 0.00% 0.00% 0.02% 0.04% 0.06% 0.00% Fidelity Contrafund K6 0.45% 0.45% 0.00% 0.00% 0.45% 0.04% 0.49% 0.00% Fidelity International Index 0.04% 0.03% 0.00% 0.00% 0.04% 0.04% 0.08% 0.00% Fidelity Mid Cap Index 0.03% 0.03% 0.00% 0.00% 0.03% 0.04% 0.07% 0.00% Fidelity Small Cap Index 0.03% 0.03% 0.00% 0.00% 0.03% 0.04% 0.07% 0.00% Fidelity U.S. Bond Index 0.03% 0.03% 0.00% 0.00% 0.03% 0.04% 0.07% 0.00% JPMorgan International Equity R6 0.60% 0.50% 0.00% 0.00% 0.50% 0.04% 0.54% 0.10% 2/28/2025 JPMorgan US Equity R6 0.47% 0.40% 0.00% 0.04% 0.44% 0.04% 0.48% 0.03% 10/31/2024 Lord Abbett Developing Growth R6 0.58% 0.51% 0.00% 0.07% 0.58% 0.04% 0.62% 0.00% MFS International Intrinsic Value R6 0.68% 0.65% 0.00% 0.02% 0.67% 0.04% 0.71% 0.01% 9/30/2024 MFS Mid Cap Value R6 0.63% 0.61% 0.00% 0.01% 0.62% 0.04% 0.66% 0.01% 1/31/2025 Morley Stable Value Fund 0.80% 0.35% 0.00% 0.45% 0.80% 0.04% 0.84% 0.00% Nationwide Destination 2025 R6 0.44% 0.13% 0.00% 0.31% 0.44% 0.04% 0.48% 0.00% Nationwide Destination 2030 R6 0.44% 0.13% 0.00% 0.31% 0.44% 0.04% 0.48% 0.00% Nationwide Destination 2035 R6 0.44% 0.13% 0.00% 0.31% 0.44% 0.04% 0.48% 0.00% Nationwide Destination 2040 R6 0.44% 0.13% 0.00% 0.31% 0.44% 0.04% 0.48% 0.00% Nationwide Destination 2045 R6 0.43% 0.13% 0.00% 0.30% 0.43% 0.04% 0.47% 0.00% Nationwide Destination 2050 R6 0.43% 0.13% 0.00% 0.30% 0.43% 0.04% 0.47% 0.00% Nationwide Destination 2055 R6 0.43% 0.13% 0.00% 0.30% 0.43% 0.04% 0.47% 0.00% Nationwide Destination 2060 R6 0.43% 0.13% 0.00% 0.30% 0.43% 0.04% 0.47% 0.00% Nationwide Destination Ret R6 0.43% 0.13% 0.00% 0.30% 0.43% 0.04% 0.47% 0.00% Nationwide Fixed Account 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 0.00% Nationwide Government Money Market Inv 0.56% 0.30% 0.00% 0.24% 0.54% 0.04% 0.58% 0.02% 2/28/2025 Nationwide Inv Dest Agrsv R6 0.49% 0.13% 0.00% 0.36% 0.49% 0.04% 0.53% 0.00% Nationwide Inv Dest Cnsrv R6 0.53% 0.13% 0.00% 0.40% 0.53% 0.04% 0.57% 0.00% Nationwide Inv Dest Mod R6 0.49% 0.13% 0.00% 0.36% 0.49% 0.04% 0.53% 0.00% Nationwide Inv Dest Mod Agrsv R6 0.50% 0.13% 0.00% 0.37% 0.50% 0.04% 0.54% 0.00% Nationwide Inv Dest Mod Cnsrv R6 0.52% 0.13% 0.00% 0.39% 0.52% 0.04% 0.56% 0.00% Neuberger Berman Sustainable Equity R6 0.60% 0.55% 0.00% 0.05% 0.60% 0.04% 0.64% 0.00% American Funds New Perspective R6 0.42% 0.37% 0.00% 0.05% 0.42% 0.04% 0.46% 0.00% American Funds New World R6 0.57% 0.51% 0.00% 0.06% 0.57% 0.04% 0.61% 0.00% Metropolitan West Total Return Bd Plan 0.37% 0.35% 0.00% 0.02% 0.37% 0.04% 0.41% 0.00% Vanguard Mid Cap Growth Inv 0.37% 0.36% 0.00% 0.01% 0.37% 0.04% 0.41% 0.00% Vanguard Selected Value Inv 0.43% 0.42% 0.00% 0.01% 0.43% 0.04% 0.47% 0.00% American Funds Washington Mutual R6 0.26% 0.22% 0.00% 0.04% 0.26% 0.04% 0.30% 0.00% Income America In Ret Fund CL 5ForLife 1.34% 0.00% 0.00% 1.34% 1.34% 0.04% 1.38% 0.00% Income America 2065 Fund CL 5ForLife 1.29% 0.00% 0.00% 1.29% 1.29% 0.04% 1.33% 0.00% Income America 2060 Fund CL 5ForLife 1.28% 0.00% 0.00% 1.28% 1.28% 0.04% 1.32% 0.00% Income America 2055 Fund CL 5ForLife 1.29% 0.00% 0.00% 1.29% 1.29% 0.04% 1.33% 0.00% Income America 2050 Fund CL 5ForLife 1.29% 0.00% 0.00% 1.29% 1.29% 0.04% 1.33% 0.00% Income America 2045 Fund CL 5ForLife 1.30% 0.00% 0.00% 1.30% 1.30% 0.04% 1.34% 0.00% Income America 2040 Fund CL 5ForLife 1.33% 0.00% 0.00% 1.33% 1.33% 0.04% 1.37% 0.00% Income America 2035 Fund CL 5ForLife 1.34% 0.00% 0.00% 1.34% 1.34% 0.04% 1.38% 0.00% Income America 2030 Fund CL 5ForLife 1.34% 0.00% 0.00% 1.34% 1.34% 0.04% 1.38% 0.00% Income America 2025 Fund CL 5ForLife 1.34% 0.00% 0.00% 1.34% 1.34% 0.04% 1.38% 0.00%
For more information about the available investment options including all charges and expenses, please consult a fund prospectus or collective investment fund offering memorandum. Fund prospectuses, collective investment fund offering memorandums, and additional information relating to your retirement plan can be obtained by contacting Nationwide at 1-877-677-3678 or visiting www.nrsforu.com.
Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. The fund prospectus or collective investment fund offering memorandum contains this and other important information.
Prospectus Gross Expense Ratio represents the total gross expenses (net expenses with waivers added back in) divided by the fund's average net assets. It may not equal the net expense ratio. Some funds may waive certain expenses. These expense waivers may either be contractual or voluntary andpossibly have an expiration date. Please refer to columns Prospectus Expense Waiver for contractual waiver amount and Prospectus Expense Waiver Expiration Date to confirm date until which waiver is in effect. The Adviser hasagreed to cap certaincollective fundexpenses;
please refer to the collective investment fund offering memorandum for details.
Prospectus Net Expense Ratio is the percentage of fund assets, net of reimbursements, used to pay for operating expenses and management fees, including 12b-1 fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. Fund expenses are reflected in the fund's NAV. Sales charges are not included in the expense ratio. The expense ratio for fund of funds is the aggregateexpense ratio as defined as the sum of the wrap or sponsor fees plus the estimated weighted average of the underlying fund fees.
* No expiration date indicated in prospectus.
The Nationwide Collective Investment Trust (“NCIT”) is a bank-sponsored collective investment trust (“CIT”) and not a mutual fund. The NCIT is composed of individual collective funds. Because the CIT is not registered with or required to file prospectuses or registration statements with the SEC or any other regulatory body, neither one is available. Investors should consult the Offering Memorandum and carefully consider the investment objectives, risk, charges, and expenses of the Funds before investing. It is possible to lose money by investing in the CIT. Global Trust Company (“GTC”), a Maine Chartered Non-depository Trust Bank, is the CIT Trustee and maintains ultimate fiduciary authority over the management of, and investments made in, the CIT. Nationwide Fund Advisors (“NFA”) is an investment advisor to the Series. The CIT is exempt from registration under the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended. Neither NFA, nor the Trustee, has any obligation to update this summary. This summary has not been approved by the Securities and Exchange Commission or any other federal or state regulatory agency.
Other expenses represents the difference between the Prospectus Net Expense Ratio and the sum of the Fund Management Fee and the 12b- 1 Fee. This column may include expenses such as recordkeeping, custodial services, taxes, legal expenses, and accounting and auditing fees. If this number is negative, that is indicative of an expense waiver or reimbursement. For further information, please consult the mutual funds prospectus or collective investment fund offering memorandum.
Data is provided by Morningstar® unless otherwise noted. ©2024 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed.
Nationwide Funds distributed by Nationwide Fund Distributors LLC , member FINRA,Columbus, Ohio.
The Nationwide® Group Retirement Series includes unregistered group fixed and variable annuities and trust programs. The unregistered group fixed and variable annuities are issued by Nationwide Life Insurance Company. Trust programs and trust services are offered by Nationwide Trust Company, FSB. Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Nationwide Mutual Insurance Company and Affiliated Companies, Home Office: Columbus, OH 43215-2220.
Nationwide offers a variety of investment options to public sector retirement plans through variable annuity contracts, trust or custodial accounts. Nationwide may receive payments from mutual funds or their affiliates in connection with those investment options. For more detail about the payments Nationwide receives, please visit www.nrsforu.com.
Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2024 Nationwide
NRX-0445AO.0724.3
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