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Annual Maintenance Fee
MainStay shareholders who own Individual Retirement Accounts (IRAs), 403(b)(7)s, or Coverdell Education Savings Accounts (CESAs) are required to pay a maintenance fee of $17 by December 1st of each year.
To avoid having this year's annual maintenance fee deducted from your account, you must pay the fee by check before December 1. If the fee has not been paid by that date, shares will be automatically redeemed to cover the fee. The annual maintenance fee can be paid any time during the year. If you submit a check, please reference "annual IRA fee," "annual 403(b) fee," or "annual CESA fee" in the memo section of the check.
This fee will be waived for any MainStay shareholder with a combined balance of $50,000 or more in IRA, 403(b)(7), and/or CESA accounts, except when such accounts are closed during the course of the year.
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