What costs will I incur for participating in Illinois State Banks Section 457 plan?
All Section 457 plans include fees of some form. However, we are pleased to tell you the fees associated with our Section 457 Plan are among the lowest in the industry. FDIC-insured fixed-rate certificate options are provided without any administrative fee. Mutual fund options carry a small asset fee, which ranges from 0.2% for Diversified Funds to 0.5% for Nicholas Fund investments. Those looking for a long-term savings program will be pleased to learn that the administrative fee for Nicholas Fund investments is only assessed on the first $80,000 of investments. This exclusive provision of our plan significantly adds to the long-term rewards of saving with Illinois State Bank.
