Fees are charged. The main fees are as follows
(1) Account opening fee (first time only): deducted from initial contribution or rollover assets from other pension plans
(2) Account management fee (monthly): deducted from contributions or assets
(3) Benefit administration fee (for each benefit): deducted from benefits
(4) Refund administration fee (for each refund): deducted from refund
For iDeCo offered by Sompo Japan DC Securities, information can be found on our official website.
＜Fees for Happy Aging 401k Plan＞ (Japanese only)
＜iDeCo (Individual-type Defined Contribution Pension Plan) of Sompo Japan DC Securities＞ (Japanese only)
Plan administration fee for an individual-type DC (iDeCo), investment product lineup, web services, etc. differ depending on the financial institution.
In an individual-type DC (iDeCo), you can choose the financial institution which you like.