Guest VEBA Las Vegas Posted July 27, 2004 Posted July 27, 2004 DB plan fiduciary serves on the board of a trust company that provides services to the plan. Receives no compensation for services. Fiduciary wants to set it up such that s/he is compensated for services, but the money is used to offset the plan's fees for services w/ trust company (i.e. s/he never touches the money). Anyone seen something like this? ERISA 406 issues?
Guest VEBA Las Vegas Posted July 29, 2004 Posted July 29, 2004 Anyone?? Any thoughts on whether this situation is analogous to offsetting 12b-1 fees in a bundled services arrangement?
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