Guest jdw Posted June 11, 2004 Report Share Posted June 11, 2004 Since Church plans are exempt from ERISA, the usual "reasonable" standrds and prohibited transaction rules do not apply. Other than the exclusive benefit rule, what limits the expenses charged to church plan participants? My situation is a regional church organization sponsors a plan that local congregations participate in for the local's paid staff. Regional employees provide all the administrative functions (processing contributions, distributions, participant questions, etc.) excpet for investment management services. Regional org wants to charge expenses of doing so to the plan. What limits will apply? Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now