KateSmithPA Posted June 25, 2001 Posted June 25, 2001 The company pays all the administrative fees for their 401(k) plan. They have several terminated participants with balances in excess of $5,000 who will not take a distribution. May the company charge the accounts of the terminated employees a quarterly fee without charging the accounts of active participants? Kate Smith
Guest b2kates Posted June 25, 2001 Posted June 25, 2001 1. What does the plan document say? 2. It might be deemed discriminatory by DOL; thereby impermissible.
Kirk Maldonado Posted June 26, 2001 Posted June 26, 2001 You need to read Rev. Rul. 96-47, 1996-40 IRB and Treasury Regulation Section 1.411(a)-11©(2)(i). Kirk Maldonado
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