A new recordkeeping and administrative fee structure for the University of Colorado 401(a) Mandatory Retirement Plan, CU 403(b) Voluntary Retirement Plan and Student Employee Retirement Plan (SERP) will debut on Oct. 1.

This change reduces overall fees paid by CU faculty and staff by nearly 50%. The fixed-dollar, per-participant fee structure ensures each plan participant pays a fair, reasonable cost for the plan services provided.

Each participant will pay a single flat fee, based on their total account balance in all their CU retirement plan accounts. Fees will range from $0 to $186 annually.