Updated: February 6, 2026
**Members who recently viewed their statements or logged into their secure INPRS account at www.myINPRSretirement.org may have noticed the previous administrative fee of $3.42 assessed to their INPRS defined contribution (DC) accounts, resulting in an incorrect overpayment of $0.25 for February 1, 2026. To correct this miscalculation and adjust for the difference, the admin fee for the next 11 months, from March 1, 2026 to January 1, 2027, will be $3.14.**
No one likes to think about the associated fees when growing their savings or retirement account, but it’s important to understand the fees they are paying, why they are charged, and how often they are charged.
The next time you review your retirement account statement, take note of the administrative and investment fees INPRS is required to add. As fiduciaries, INPRS is committed to only assessing the fees that are necessary for administering your account.
Whether you’re new to INPRS or have been with us for a while, there’s never a wrong time to know more about your plan. Find out about the two types of fees INPRS members pay – administrative fees and investment fees (also referred to as expense ratios) – and what impact they have on your accounts.
ADMINISTRATIVE FEES
- Plan members pay administrative fees to cover the costs associated with managing their defined contribution (DC) accounts.
- UPDATED 02/06/2026: Members who recently viewed their statements or logged into their secure INPRS account at www.myINPRSretirement.org may have noticed that the previous administrative fee of $3.42 was assessed to their INPRS DC accounts, resulting in an incorrect overpayment of $0.25 for February 1, 2026. To correct this miscalculation and adjust for the difference, the admin fee for the next 11 months, from March 1, 2026 to January 1, 2027, will be $3.14.
- PLEASE REFERENCE THE NOTE ABOVE: Effective Jan. 1, 2026, administrative fees of $3.17 are deducted directly from members’ DC accounts each month (UPDATED: 02/06/2026, Effective March 1, 2026, administrative fees of $3.14 are deducted directly from members’ DC accounts each month from 03/01/2026 to 01/01/2027 for an annual charge of $38). These fees are subject to change annually. This deduction is noted in your quarterly member statement. PERF-and-TRF Hybrid members will find the fee noted on their annual member statement.
- For members of the PERF My Choice and TRF My Choice plans, the annual charge is currently subsidized by the plan’s forfeiture balance. All other plans are charged the annual fee.
- INPRS’s DC member fee policy outlines the method used to determine administrative fees. View the fee policy here.
INVESTMENT FEES (“EXPENSE RATIOS”)
- INPRS's DC Plan investment options each carry an “expense ratio.” An expense ratio measures how much you’ll pay throughout the year to own an investment option. The expense ratio is expressed as a percentage for each investment option.
- When you view your DC account, your online statement will show how much money you gained or lost, known as net of fees. All expenses are deducted from your investment option(s) before showing how much you gained or lost.
- For further details on Expense Ratios and to view the Fee table, click here.
- You can use the equation below to calculate how many dollars you’re paying annually in fees:
Amount Invested (dollars) x Expense Ratio (%) = Fee
For example, if you have $6,000 in a fund with an expense ratio of 0.10%,
you’ll pay $6.00 per year in investment fees.
View your investment options and their associated expense ratios by logging into your secure online account at www.myINPRSretirement.org.