12/12/2000: Payment of Administrative Expenses from Plan Assets: The DOL's Kansas City Initiative (Thompson Publishing Group)Excerpt: "In the past several months, the Department of Labor (DOL) has begun an initiative focusing on the appropriateness of using plan assets to pay for certain plan expenses, particularly fees generated by third-party service providers. The DOL's audit activity originated in the Kansas City regional office, but recent reports indicate that six of the 10 DOL regional offices are instituting plan expense audits modeled on the Kansas City program."
Important word about authorship: BenefitsLink ® (BenefitsLink.com) provides this page for you, with a hypertext link to an item we think is interesting and valuable for companies sponsoring employee benefit plans, employees who participate in plans, and firms who provide products and services to plans. But BenefitsLink is not the author of the item to which this hypertext link will take you (unless expressly indicated there).
|
|
|