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Annex
Impact of Administrative Charges on Investment Return
The following tables assume an investment return, net of investment expenses, at 16.38 -
Scenario 1: After 1 Year
Monthly Salary
Annual Contribution
Asset
--
Administration Fees
Reduction in return
(as % of cont)
1
+1
6.5.
4.69%
5.5
3.97%
3.5
2.52%
4,000
4,800
4,800
8,000
9,600
9,600
20,000
24.000
24,000
Scenario II: After 5 Years
Monthly
Salary
Annual Contribution
Asset
Administration Fees (as % of cont)
Reduction in return
LL
4,000
4,800
28,800
8,000
9,600
57,600
20,000
24,000
144,000
6.5
1.08%
5.5
0.92%
3,5
0.58%
Scenario III: After 10 Years
Monthly Salary
Annual Contribution
Assel
Administration Fees (as % of cont)
Reduction in return
4,000
4,800
72,000
6.5
0.45%
8,000
9,600
144,000
5.5
0.38%
20,000
24.000
360,000
3.6
0.24%
Scenario IV: After 15 Years
Monthly
Salary
Annual Contribution
Asset
Administration Fees (as % of cont)
Reduction
in return
4,000
4,800
8,000
9,600
144,000 288,000
6.5!
0.23%
5.5
0.20%
20,000
24,000
720,000
3.5
0.12%
End/Wednesday, March 29, 1995
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