Guest Doug Johnston Posted August 22, 2001 Posted August 22, 2001 Can a plan pay the premium for the ERISA required fidelity bond? I have reviewed the recent DOL guidance, and while it doesn't appear to mention bond premiums, it seems that the premiums would be a "fiduciary" expense which can be paid from the plan.
Belgarath Posted August 22, 2001 Posted August 22, 2001 I agree. This would not normally be considered a "settlor" expense, and the plan can pay it.
Kirk Maldonado Posted August 23, 2001 Posted August 23, 2001 The plan may purchase the bond on its behalf. DOL Reg. Section 2509.75-5, FR-9. Kirk Maldonado
Guest willow Posted August 24, 2001 Posted August 24, 2001 Along the lines of the bond, can a plan sponsor have the employees pay for the plan audit expense? If the answer is yes, then I would think they would do this through forfeitures. Any thoughts on this?? Thanks!!!!
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