redrobin

What costs are required to be paid by the plan sponser and what cost are required to be paid by the ESOP?

Our ESOP has hired a number of attorneys to assist in resolving legal issues with some of our ESOP plan participants. Does this legal cost have to be paid by the ESOP or can the company (who sponsoring the ESOP) pay for these legal costs? If the ESOP must pay – Then, would these legal costs need to be reported in the 5500 form? Thank you.