Fees and Expenses
Beginning January 1, 2012, participants who are no longer employed at PG&E but continue to have a balance in the Plan are assessed an administrative fee for as long as they keep an account in the Plan. This fee, which may increase in the future, currently is $53 per year ($13.25 per quarter). The fee will be deducted from your account at the beginning of each quarter and will be reflected on your quarterly statement. This fee applies only to employees who terminate their employment at PG&E but decide to maintain their RSP account. It will not apply to PG&E employees or retirees (employees who were age 55 or older at employment termination).
If you have an account in the Plan, and you select or execute the following service(s) or transaction(s), the fee(s) outlined below are deducted from your account. As you review this information, please keep in mind that fees are subject to change and that certain individual fees may not be deducted in some circumstances.
Type of Fee
Amount
  • Minimum Required Distribution Fee
  • $25.00 per distribution year
  • Loan Maintenance Fees
  • $15.00 per year per loan initiated prior to 11/01/2009, deducted quarterly
  • $25.00 per year per loan initiated on or after 11/09/2009, deducted quarterly
  • Overnight Mailing Fee
  • $25.00 per transaction
  • Financial Engines Professional Management Fee
  • If you utilize this service, the Financial Engines fee is as follows: 0.50% per year for the first $100,000.00 in your account; 0.45% per year on the next $100,000.01 to $250,000.00; 0.30% per year for any amount over $250,000.00 and is deducted quarterly.
Investment management and trust expenses are netted against investment returns of Tier 1 and Tier 2 funds. Mutual fund fees and expenses are netted against investment returns for mutual funds in Tier 3.
Administrative costs (with the exception of loan fees and Financial Engines' Professional Management fees) are generally paid by the Corporation or participating employers, however, the Plan Administrator may use Plan assets that have been forfeited and are not allocable to individual accounts to pay the reasonable, administrative expenses of the Plan. Additional fee and expense information is provided in the Participant Disclosure Notice that is provided to you each year.
The fund descriptions and more information on fees and expenses can be found on Fidelity NetBenefits℠ at www.401k.com or by calling Fidelity's RSP Service Center at 877-PGE-401K (877-743-4015). The automated voice response system is available 24 hours a day. You can speak with a Participant Services Representative Monday through Friday from 5 a.m. to 9 p.m. Pacific time.