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The letter I received in the mail announcing the change stated fees were one of the key reasons for changing. What is the dollar amount of savings to AEP?

April 26, 2017announcing changing fees key letter mail reasons received

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The letter I received in the mail announcing the change stated fees were one of the key reasons for changing. What is the dollar amount of savings to AEP?

1 Answer

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AEP will not save any money from this move to JPMorgan. All savings will come in the form of lower expense ratios to participants, which affect the fees paid from the returns of the investment options. We expect fees paid by plan participants to be reduced by 20%- 25%.