Fire & Police Pension Association

FPPA Assessed Administrative Fee
For Self-Directed Plans

FPPA is assessing the administrative fee (that is charged as a percentage of assets) over three quarters in 2011. The chart below illustrates in detail the breakdown of the fee.

	Total Asset Based Administrative Fee - Effective 2nd Quarter 2011	Portion Assessed 2nd Quarter 2011	Portion Assessed 3rd Quarter 2011	Portion Assessed 4th Quarter 2011
FPPA 457 Deferred Compensation Plan	0.036%	0.0120%	0.0120%	0.0120%
Statewide Hybrid Plan - Money Purchase Component	0.074%	0.0250%	0.0245%	0.0245%
Separate Retirement Account (self-directed assets only)	0.097%	0.0320%	0.0325%	0.0325%
Deferred Retirement Option Plan (DROP) (self directed assets only)	0.107%	0.0320%	0.0375%	0.0375%
Statewide Money Purchase Plan	0.000%*	0.000%	0.000%	0.000%

Beginning in 2012, the administrative fee will be deducted quarterly in March, June, September and December.
FPPA will annually review the plan costs and make the appropriate adjustment to the administrative fees each year.

In addition to the fee noted above, $7.50 is charged each quarter per account administered by FPPA and Fidelity. The flat fee and the asset-based fee are combined to pay FPPA’s plan administration expenses.

*Due to forfeitures in the Statewide Money Purchase Plan, there are no administrative fees (either flat fee or asset-based) being charged to participants in that plan for 2011.

Questions?
If you have any questions please call FPPA at (303) 770-3772 in the Denver metro area or 1 (800) 332-3772 toll free nationwide.