Are there any fees associated with opening a KESPT account?
With KESPT, there are no sales charges, start-up or maintenance fees. An annual asset-based management fee will be paid to TIAA-CREF Tuition Financing, Inc. (TFI) to cover the cost of investment management and administrative services. TFI is an affiliate of TIAA-CREF Individual & Institutional Services, LLC, the distributor for KESPT. Depending on the investment option, the Managed Allocation, Active Equity Option, Equity Index Option, and Fixed Income Option, the total of these fees will range between 0.58% and 0.91% (less than one percent) of the average daily net assets of the trust (excluding assets held in the Guaranteed Option). The Guaranteed Option provides a guarantee of principal and a minimum rate of interest to KESPT, but not to account owners or beneficiaries. No other fees or charges will be applied to your account. Please note however, that the Commonwealth reserves the right to change the current fee and impose new or additional fees, expenses, changes, or penalties in
