Is there a fee for participating in OregonSaves?

There is an annual asset-based fee paid as a percentage of the money in your account. The fee for each investment option you choose is approximately 0.50% of its value per year ($0.50 for every $100 saved), which includes the investment management fee for underlying funds. There is also a $16 annual account fee (that is charged quarterly at $4.00 each quarter). These fees pay for the administration of the program, and the operating expenses charged by the underlying investment funds in which the program’s portfolios are invested. The asset-based fee is computed daily, and your investment returns are credited to your account minus the fee.