Administrative Fees

Administrative Fees. Administrative Fees are either built into Contract pricing or assessed to the MPACT Contract Purchaser upon application for enrollment in the MPACT Program; upon making changes in the ordinary services provided under the MPACT Program; or upon making changes in MPACT Contract information provided to the State Treasurer. Administrative Fees include any other fees designated as administrative by the State Treasurer. Administrative Fees are nonrefundable and are deducted from Contract payments before calculation of the Redemption Value. The types of fees as well as the amount charged for each are subject to change during the life of any MPACT Contract.