Plan fees

[Guest Clain]

Is a plan sponsor allowed to charge the plan for reimbursement of wages for the HR person who handles the internal administration of a profit sharing lan?

[QDROphile]

Consider ERISA Regulation section 2550.408c-2.

[Guest JimJ]

Don't leave us hangin QDROphile, give us your opinion on the reg.

JimJ

[QDROphile]

It is a lovely regulation that needs to be applied to the specific facts at hand -- all the facts. One plays with fire if a full time employee of the employer gets compensation from the plan. Among other things, an employee who has significant administrative duties may be a fiduciary.