Expenses paid from plan

[Guest KeithinClev]

I'm piggy backing off of jhilliard's question of the expenses coming out of a plan, whether it be recordkeeping fees or audit fees. Does anybody know where it is in writing that allows a plan to do this (beside the plan document) such as an IRS reg. or notice.

Thank you

[R. Butler]

DOL Field Assistance Bulletin 2003-3 & DOL Advisory Notice 2001-01A provide recent guidance. There are others.

[Alf]

Direct payment of third party expenses out of the plan is usually easy. Reimbursement of the plan sponsor for costs it incurs and for expenses it has paid to others is sometimes the toughie.

[Belgarath]

FWIW - I understand that either at or prior to the Los Angeles Benefits Conference at the end of this month, the IRS will be releasing information/guidance on whether they agree or not with the DOL on the payment of plan expenses from plan assets.