403(b)/457(b) Fees

Low, transparent, understandable fee structure, with no added commissions, transaction fees or account fees

MCA fees are calculated as a percentage of the total assets in the plans of all MRIC members.  The rate charged declines as the overall level of assets increases.  The chart below sets forth the fee schedule charged to MCA particiants:

Combined Plan Asset Levels             Maximum Marginal Rate Charged

<$100,000,000                                     0.380% (Current)

$100,000,001 - $200,000,000                 0.370%

$200,000,001 - $300,000,000                 0.310%

$300,000,001 - $400,000,000                 0.250%

$400,000,001 - $500,000,000                 0.240%

$500,000,001 - $600,000,000                 0.205%

$600,000,001 - $700,000,000                 0.205%

$700,000,001 - $800,000,000                 0.185%

$800,000,001 -  $900,000,000                0.185%

$900,000,001 - $1,000,000,000              0.185%

>$1,000,000,000                                  0.180%

At MCA, we believe that a significant way to enhance our clients' investment returns is to make sure that those returns are not burdened by excessive (and unnecessary) advisory, fund, account, transaction or other fees.  All financial services companies will tell you that they will make you money.  But, will they tell you how much your portfolio return can be enhanced by charging lower fees, using more cost-efficient vehicles, encouraging fewer transactions or minimizing the impact of taxes?  Likely not!  MCA believes the more money we can save our clients the better their net investment returns will be over time.

MCA also enhances our participants' returns by crediting back to their accounts the amount of any 12b-1 and similar fees that would otherwise be paid out to brokers and commissioned salespeople.  This makes the net percentage fee charged even lower than the already low rates set forth above.  In fact, the average net MCA fee paid by participants in 2010 was more than 30% lower than the stated (.0038) rate!  Just one more example of how MCA's participant-focused philosophy helps to better serve your retirement plan needs.