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It's easy to avoid the inactive account minimum annual fee

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Jay LukasThere is a minimum annual fee of $25 for an inactive WEAC IRA and/or WEA TSA Trust 403(b) account with balances less than $5,556 (IRA) or $7,143 (403(b)). Inactive accounts are accounts with no contributions within a calendar year.

You can avoid the fee by making a single contribution at any time during the calendar year if you qualify. Also consolidating other accounts into your WEAC IRA and/or WEA TSA Trust 403(b) account could help reduce the amount of fees you are paying.

Give us a call at 1-800-279-4030 to review your account and discuss other factors you may need to consider when consolidating.

Jay Lukas, Assistant RIS Consultant