401(k) Plan Fees

[Guest catdamico]

I am looking for any information on the following questions:

1) Is it possible for 401(k) plan participants to pay the administrative fees associated with their account directly (with after tax dollars) rather than out of their plan assets?

2) If so, is the amount paid considered a contribution to the plan or is the employee still permitted to receive the full $35,000 for that year?"

[Guest JimJ]

I have never come across a plan that was paid for in that fashion. Of course the plan sponsor can pick up the bill and that would eliminate the reduction of employee accounts. Now the question becomes. Can the plan sponsor be reimbursed by the participants? I do not think I would want to know about it if that was taking place.

What about possible fees for eligibles who are not participating, if applicable, who would pay for them? There probably are a whole host of other questions that could be asked. I am sure many others far more experienced than I may be able to help you more.

JimJ