Plan expenses.

[katieinny]

DC plan is terminating. The plan says that expenses can be paid from plan assets, but I know that certain expenses really can't be. Can expenses to locate missing participants be paid from the plan assets? Can they be charged to the missing participants' accounts? It sounds reasonable to me, but I would like another opinion.

[Guest Robin.Wolf]

DOL Field Assistance Bulletin 2004-2 says "Reasonable expenses attendant to locating a missing participant may be charged to a participant's account, provided that the amount of the expenses allocated to the participant's account is reasonable and the method of allocation is consistent with the terms of the Plan and the plan fiduciary's duties under ERISA."

www.dol.gov/ebsa/pdf/fab-2004-2.pdf

[katieinny]

Thank you very much for the confirmation.