Oracle currently meets most of the ongoing administration and other costs of running the Plan for employee and spouse members. Some fees, however, are charged on a user pays basis as noted below.
Retained benefit members pay their share of the administration and other ongoing costs of running the Plan. The administration fee is deducted from investment earnings monthly before the earnings are applied to Retained Benefit members' accounts. Refer to the Additional Information guide below for details of the current fees that apply.
Oracle meets the cost of basic death and total and permanent disablement insurance benefits for eligible employee members.
All members pay investment fees and indirect costs (where applicable) and these are deducted from investment returns before they are applied to your accounts.
Fees that are deducted from your accounts may include:
- any transaction handling fees such as switching fees and other activity fees;
- the cost of any extra voluntary insurance you take out; and
- a switching fee applies each time you change how your account balances are invested. No fees apply when you change your investment choice for your future contributions only.
You should refer to the Additional Information guide and Fee Definitions flyer for details of current fees that apply.