Administrative Fees

Administrative fee of N100 per month per employee for the Retirement Savings Account fund.
Administrative fee of N50 per month per employee for the Retiree fund.

Management Fee

Operator Fund I Fund II Fund III Fund IV
PFA 1.60% 1.400% 1.300% 5.00%
PFC 0.40% 0.300% 0.275% 1.50%
PenCom 0.25% 0.225% 0.225% 1.00%
Total 2.25% 1.925% 1.800% 7.50%

Note: Fund I, II & III: Assets Based Fees (% Per Annum), Fund IV is Income based fees.

The above structure is effective July 1, 2018- 31st Decemebr 2018, a lower structure will take effect from 1st January 2019.