R-17.0.1, r. 3 - Regulation respecting voluntary retirement savings plans

Section 17 Disposition versions

2014-07-01

17. For the purposes of the first paragraph of section 27 of the Act, a plan is low cost where the total of the fees referred to in the first paragraph of section 18, expressed as a percentage of the average assets, is less than or equal to:

(1)  1.25% for the default investment option;

(2)  1.5% for any other investment option.

However, where an administrator offers a pooled registered pension plan, within the meaning of the Pooled Registered Pension Plans Act (S.C. 2012, c. 16), the fees referred to in the first paragraph may not exceed the costs of that plan. Where the administrator offers more than one pooled registered pension plan, the fees referred to in the first paragraph may not exceed the average costs for the plans.

O.C. 499-2014, s. 17.