R-17.0.1, r. 3 - Regulation respecting voluntary retirement savings plans

Section 18 Disposition versions

2014-07-01

18. For the purposes of the second paragraph of section 27 of the Act, the only fees an administrator may deduct from the return on assets are as follows:

(1)  the management and administration fees for each investment option, including the fees referred to in section 10;

(2)  the amounts paid as emoluments for the representatives who act on behalf of the administrator;

(3)  the applicable taxes under Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15) and Title I of the Act respecting the Québec Sales Tax (chapter T-0.1).

Furthermore, the fees an administrator may charge to members are as follows:

(1)  a maximum of $50 relating to the transfer of funds to another pension plan;

(2)  those related to the reimbursement of funds referred to in sections 68, 69, 72 and 73 of the Act;

(3)  those related to a request for advice made by a member;

(4)  the amount attributed to a member’s portion of a maximum of $100 for carrying out the transfer of benefits between spouses and $150 for producing the statement of benefits referred to in section 76 of the Act. The other portion is payable by the member’s spouse;

(5)  those related to a search for the contact information of an untraceable member;

(6)  those related to a cheque without sufficient funds issued by the member;

(7)  those related to a stop payment order on a cheque or deposit requested by the member;

(8)  those related to sending a copy of a document at the member’s request.

Prior to rendering the service provided for in subparagraph 3 of the second paragraph, the administrator shall inform the member of the cost of the service.

O.C. 499-2014, s. 18.