PNC Unveils ‘Zero Revenue’ Mutual Fund Platform

PNC Retirement Solutions released a zero revenue sharing mutual fund platform for defined contribution retirement plans.

PNC Retirement Solutions expects its new zero revenue mutual fund platform for defined contribution retirement plans will help produce lower expense ratios and improved investing outcomes for participants. 

As explained by PNC, the platform is built around mutual fund share classes with zero revenue sharing. PNC says this approach offers better flexibility to plan sponsors, providing additional options for paying plan fees. 

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

Additionally, the plan’s recordkeeping fees are billed separately from the investment expenses, which can help increase fee transparency. The zero revenue mutual fund platform is expected to produce lower expense ratios, since the funds do not pay service fees, 12(b)(1) fees, sub-transfer agency fees, or other revenue to the plan’s service providers.

«