At 0.44% expense ratio, it looks like Wells Fargo charges about $8,261,856.45 per year to manage the $1,877,694,648 Stable Value Fund.
https://www.nctreasurer.com/ret/401k%20Plan%20Features/StableValue401k.pdf |
Wells Fargo Stable Value Fund N4 (K) (CUSIP 949907208), according to Wells Fargo, charges 0.182%;
http://www.galliard.com/srfssvdisclosures |
$8,261,856.45 - $3,417,404.26 = $4,844,452.19
North Carolina Municipal employees could put an extra $4,844,452.19 every year in their pockets if the State Treasurer lowered the fees being paid to Wells Fargo.
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