Investment management fees (before tax) are as follows:
- TD Emerald funds : 1.087%
- MS ARM Global Return Fund: 1.3%
Other fees (before tax) are charged to participants for various activities:
- Transfer of funds to another pension plan: $50 per transfer
- Withdrawal in cash: $50 per withdrawal
- Transfer of benefits between spouses: $100
- Production of benefit statement for a benefit transfer between spouses: $150 (divided equally between spouses, unless they request otherwise)
- Payment cancellation due to insufficient funds: $40
- Stop payment order on cheque or deposit at the participant’s request: $10
- Sending a document at the participant’s request: $50
- Search for contact information of an untraceable participant: $100
A fee of $400 plus $50 per participant (before tax) is charged to the employer who switches all or part of its participants’ accounts from the Morneau Shepell VRSP to another VRSP.