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Survey on Pension Fund Expenses
The Survey on Pension Fund Expenses is designed to support the goal of effective plan
governance by providing sponsors of registered pension plans in Canada with an objective
benchmark to evaluate the level of operating expenses in their plans.
The Survey will collect expenses as recorded in the audited financial statements of the plans.
Participants in the Survey will receive a summary report and may order a customized analysis
comparing their plans to plans of comparable size.
About Fraser Group
Fraser Group is a market information and research firm working in the employee benefits and
insurance markets in Canada. We have been in business since 1989.
Our key activities include tracking market size and market share, benchmarking performance
and compiling industry statistics. We manage a number of ongoing industry studies as well as
undertaking custom research and consulting assignments for clients in financial services,
insurance, pharmaceutical and government.
For more information, visit our website
www.frasergroup.com
or call Ken Fraser 416/537-8687 x21
version 2, 28/04/2010
version 3.0
3/14/2012
Survey on Pension Fund Expenses
Participation Agreement
1 Participation in this survey is open to organizations sponsoring registered Defined
Benefit or Defined Contribution pension plan in Canada.
2 All data submitted by Participating Companies will be held on a Confidential basis
by Fraser Group.
3 We will include your name in a list of participating plan sponsors.
4
Participating Companies will receive a summary report at no charge and may order a
customized analysis comparing their plans to plans of comparable size.
5 The Copyright Notice in the report shall read:
Copyright is reserved.
Redistribution in any form is prohibited without permission
except that Participating Companies may make copies for
internal use provided this Copyright Notice is included on any
copies.
6 The fee structure for optional report is as follows:
$535 (plus GST/HST) for 1 plan
$595 (plus GST/HST) for 2-3 plans
$695 (plus GST//HST) for 4 or more plans
Fees will be invoiced upon delivery of report.
Please save the completed questionnaire as PLAN_SPONSOR.xls and send to
Ken.Fraser@frasergroup.com
Questions:
Ken Fraser 416/537-8687 x21
Survey on Pension Fund Expenses
Instructions
To complete the Survey, please complete the "General Info" sheet and one or more "Plan #"
sheets. If you have more than 4 plans, insert additional sheets and copy the Plan template.
Provide Brokerage and Custody expenses if they are readily available. Otherwise, leave blank.
Please save the completed questionnaire as PLAN_SPONSOR .xls and send
to
Ken.Fraser@frasergroup.com
by August 31, 2012
Questions:
Ken Fraser 416/537-8687 x21
Survey on Pension Fund Expenses
Definitions
Expenses Expenses which are reported in the pension fund financial statements. Expenses incurred by
the plan sponsor are not to be reported unless there is an actual charge to the pension fund for
the service provided.
Pension Plan Consulting Includes plan design, communications consulting, valuations.
Record keeping, administration Includes communications to members.
and member service
Asset Consulting Fees related to asset allocation modelling and Investment Manager search or evaluation
Investment Management Fees paid to select appropriate investments.
Brokerage Fees Fees to process the purchase and sale of securities.
Custody Fees for safe guarding assets including registering and transfering title.
Audit Fees to provide audited financial statements
Legal Fees to lawyers and fees paid to regulatory institutions.
Governance Expenses to support effective governance of the plan such as meetings, educational
conferences, trustee allowances, etc.
Active Members Individuals who are actively accruing service credit or making contributions.
Inactive Members Individuals who are not active but are entitled to future benefits from the plan.
Pensioner Members Individuals who are receiving retirement benefits from the plan. Do not include members where
retirement annuities have been purchased from an insurance company.
NAICS North American Industry Classification System
Special Events Unusual events which significantly affect plan expenses in this year such as a Partial Windup.
Survey on Pension Fund Expenses 0 0 0
Identification Information
Plan Sponsor Name
Contact Person Name
Contact Person Title
Contact Person Phone
Contact Person Email
Do you want a customized report comparing
your costs to the average costs of similar plans
as measured by asset size and plan type?
Yes/No Click here to see Fee Structure
Other Information
Are you exempt from GST/HST? Yes/No If Yes, please explain.
Is your organization Public Sector, Private Non-
Profit or Private For Profit?
Industry Sector
NAICS code, if known
Are the members of the plan(s) unionized
-None, Some, All
Jurisdiction of
Registration Plan Type
Defined Benefit, Number of Number of Special
Name of Pension Plan (s) BC,AB, etc or Defined Contribution, Active Inactive Number of Event
Federal Other Members Members Pensioners Yes/No
Plan 1
Plan 2
Plan 3
Plan 4
Plan 5
etc
insert rows as needed
0 0 0
Provide Details on Partial Windups or Other Special Events
Plan 1
Plan 2
Plan 3
Plan 4
Plan 5
etc
insert rows as needed
Survey on Pension Fund Expenses
Financial Statement Information
This data for Plan 1
Most recent plan year end (e.g. Nov 30, 2010)
Assets at most recent year end
Total Operating Expenses
on most recent 12 month income statement
Expenses not on the income statement but absorbed
by the Plan Sponsor (employer)
If this is a DC plan, are some plan expenses being
recovered through “Investment Management Fees”
charged against investment income prior to being
credited to individual fund accounts? Yes/No
Detailed Operating Expense Information
Fees paid to
External Providers Internal expenses
Pension Plan Consulting -
Record keeping, administration and member service -
Asset Consulting -
Investment Management -
Brokerage Fees (if available) -
Custody (if available) -
Audit -
Legal -
Governance
Other (explain below) -
Total - - -
tests 0
Comments
Is this a multi-employer plan?
Yes/No
Expenses absorbed
by Plan Sponsor
-
0
Survey on Pension Fund Expenses
Financial Statement Information
This data for Plan 2
Most recent plan year end (e.g. Nov 30, 2010)
Assets at most recent year end
Total Operating Expenses
on most recent 12 month income statement
Expenses not on the income statement but absorbed
by the Plan Sponsor (employer)
If this is a DC plan, are some plan expenses being
recovered through “Investment Management Fees”
charged against investment income prior to being
credited to individual fund accounts? Yes/No
Detailed Operating Expense Information
Fees paid to
External Providers Internal expenses
Pension Plan Consulting -
Record keeping, administration and member service -
Asset Consulting -
Investment Management -
Brokerage Fees (if available) -
Custody (if available) -
Audit -
Legal -
Governance
Other (explain below) -
Total - - -
tests 0
Comments
Is this a multi-employer plan?
Yes/No
Expenses absorbed
by Plan Sponsor
-
0
Survey on Pension Fund Expenses
Financial Statement Information
This data for Plan 3
Most recent plan year end (e.g. Nov 30, 2010)
Assets at most recent year end
Total Operating Expenses
on most recent 12 month income statement
Expenses not on the income statement but absorbed
by the Plan Sponsor (employer)
If this is a DC plan, are some plan expenses being
recovered through “Investment Management Fees”
charged against investment income prior to being
credited to individual fund accounts? Yes/No
Detailed Operating Expense Information
Fees paid to
External Providers Internal expenses
Pension Plan Consulting -
Record keeping, administration and member service -
Asset Consulting -
Investment Management -
Brokerage Fees (if available) -
Custody (if available) -
Audit -
Legal -
Governance
Other (explain below) -
Total - - -
tests 0
Comments
Is this a multi-employer plan?
Yes/No
Expenses absorbed
by Plan Sponsor
-
0
Survey on Pension Fund Expenses
Financial Statement Information
This data for Plan 4
Most recent plan year end (e.g. Nov 30, 2010)
Assets at most recent year end
Total Operating Expenses
on most recent 12 month income statement
Expenses not on the income statement but absorbed
by the Plan Sponsor (employer)
If this is a DC plan, are some plan expenses being
recovered through “Investment Management Fees”
charged against investment income prior to being
credited to individual fund accounts? Yes/No
Detailed Operating Expense Information
Fees paid to
External Providers Internal expenses
Pension Plan Consulting -
Record keeping, administration and member service -
Asset Consulting -
Investment Management -
Brokerage Fees (if available) -
Custody (if available) -
Audit -
Legal -
Governance
Other (explain below) -
Total - - -
tests 0
Comments
Is this a multi-employer plan?
Yes/No
Expenses absorbed
by Plan Sponsor
-
0
