stayingbusy

@Danny CPA bringing this back up a couple of years later...did you proceed with the VCP or were you able to self-correct? Working with a similar situation and also hoping that the plan may be able to self-correct. Thanks!

Any insight on how a 529 and 127 plan would coordinate with each other? Code 529 talks about coordination with ESA and American Opportunity and Lifetime Learning credits, but nothing re: 127 plans.

Sorry misspoke when I stated forfeited. They just have tons of money sitting around as plan assets. But asides from negotiating a lower or no revenue sharing, there is no other way of avoiding plan asset status from revenue sharing, correct? That is what the research is leading me to belief, but not sure if I was missing a workaround.

Is there a way to avoid plan asset status for revenue sharing? Client, a large 401k plan, has a large amount of revenue sharing that will continue to be forfeited. I am aware of DOL Advisory Opinion 2013-03A in relation to plan recordkeeper accounts. But can client take the money from that account for their own use? I feel like this was more for providers to have relief when transitioning the money. Any insight is appreciated it.