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Our objective is to make life easy for all retirement plan stakeholders. We do our best to thoroughly explain the features and benefits of our smart retirement solutions. Sometimes, you may still have a question. Click on these Frequently Asked Questions (FAQs) to get the information you need to understand why smart retirement solutions are best in class. 

  • What is Net Asset Value?
    The net asset value, or NAV, is the price at which you buy or sell shares of a mutual fund. To determine the NAV, a mutual fund computes the value of its assets daily by adding up the market value of all the securities it owns, subtracting all liabilities, and then dividing the balance by the number of shares the fund has outstanding. Mutual funds are required to use forward pricing, which means that the price you pay is the next NAV set for the fund after your order is received. The NAV you see in the newspaper is the NAV from the previous day.
  • What happens to my existing 403(b) account?
    You may transfer your existing 403(b) account into your new Aspire account. You may also choose to leave it as an orphaned account with the existing provider, who is required to maintain your account and send statements.
  • Are there fees from the mutual fund company?
    All mutual funds charge a management fee and sometimes other fees. The ratio between the fund's total fees and the fund's assets is called the expense ratio. Expense ratios vary by fund share class.
  • Do Participants get charged an account fee for each fund in my account?
    No, there is no additional charge per mutual fund investment and a participant may hold multiple fund families in their single Aspire account. The annual account fee of $40 and 0.15% covers all Aspire fees.
  • If Participants have an existing account with a mutual fund company do they need to establish an account with Aspire?
    Yes. Aspire acts as an approved investment provider within the plan and Aspire Enrollment Forms are required to establish an account. Aspire accounts offer access to mutual fund investments that may no longer be available directly with the fund companies.
  • Why should I name a beneficiary?
    This allows you to control who receives the value of your retirement account should you die.

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