Sunlife Group Retirement Investment Fees
Hello!
I just finished reading Millionaire Teacher and it got me thinking about my work investments. I am with Sunlife financial and I called and asked if the posted fees that I see in the account are the total fees paid for each fund. They confirmed and I just want to verify that these group investment plans can negotiate lower fees? The reason for the doubt is after searching for all the funds I was previously in, the MER I found online were higher than what Sunlife posted within my account. Here are the fees that are displayed for available funds:
Fund Annualized Percentage
Fidelity True North Fd MF 0.58 %
Mawer New Canada Fund MF 0.51 %
Mawer Intl Equity MF 0.54 %
BLK Global Equity Index 0.38 %
MFS Intl Equity 0.58 %
Fidelity ClearPath Income 0.51 %
Fidelity ClearPath 2015 0.53 %
Fidelity ClearPath 2020 0.54 %
Fidelity ClearPath 2025 0.53 %
Fidelity ClearPath 2030 0.53 %
Fidelity ClearPath 2035 0.54 %
Fidelity ClearPath 2040 0.54 %
Fidelity ClearPath 2045 0.55 %
SL MFS U.S. Growth 0.45 %
Fidelity ClearPath 2050 0.55 %
Fidelity ClearPath 2055 0.55 %
PH&N Core Plus Bond Fund 0.38 %
Fidelity ClearPath 2060 0.54 %
B.G. Canadian Equity 0.44 %
BLK Bond Index Fund 0.19 %
BLK S&P/TSX Comp Index 0.18 %
CC&L Grp Balanced Plus 0.56 %
SLF Money Market 0.16 %
BLK US Equity Index Reg 0.19 %
I just want to ensure that the fees above would be the fees paid, not in addition to the MER fees attached to the fund.
I just finished reading Millionaire Teacher and it got me thinking about my work investments. I am with Sunlife financial and I called and asked if the posted fees that I see in the account are the total fees paid for each fund. They confirmed and I just want to verify that these group investment plans can negotiate lower fees? The reason for the doubt is after searching for all the funds I was previously in, the MER I found online were higher than what Sunlife posted within my account. Here are the fees that are displayed for available funds:
Fund Annualized Percentage
Fidelity True North Fd MF 0.58 %
Mawer New Canada Fund MF 0.51 %
Mawer Intl Equity MF 0.54 %
BLK Global Equity Index 0.38 %
MFS Intl Equity 0.58 %
Fidelity ClearPath Income 0.51 %
Fidelity ClearPath 2015 0.53 %
Fidelity ClearPath 2020 0.54 %
Fidelity ClearPath 2025 0.53 %
Fidelity ClearPath 2030 0.53 %
Fidelity ClearPath 2035 0.54 %
Fidelity ClearPath 2040 0.54 %
Fidelity ClearPath 2045 0.55 %
SL MFS U.S. Growth 0.45 %
Fidelity ClearPath 2050 0.55 %
Fidelity ClearPath 2055 0.55 %
PH&N Core Plus Bond Fund 0.38 %
Fidelity ClearPath 2060 0.54 %
B.G. Canadian Equity 0.44 %
BLK Bond Index Fund 0.19 %
BLK S&P/TSX Comp Index 0.18 %
CC&L Grp Balanced Plus 0.56 %
SLF Money Market 0.16 %
BLK US Equity Index Reg 0.19 %
I just want to ensure that the fees above would be the fees paid, not in addition to the MER fees attached to the fund.