When forfeitures pay admin expenses....

[Guest DCPensionGal]

When using forfeitures to pay admin expenses, must they first be allocated to participant accounts (say, pro rata, based on account balance) and then swept from the various accounts and used to pay expenses? I saw something that indicates this......which sounds like a huge headache..

[GMK]

Check what the Plan Document requires, if anything, with regard to allocating forfeitures.

(Sorry if this comment is not much help, but for questions like these, the Plan Document is usually the best place to start.)

[Bird]

No, you don't have to allocate to the accounts and then take it out. That wouldn't be using forfeitures to pay expenses, that would be allocating forfeitures and then paying expenses from participant accounts.

[Guest DCPensionGal]

Thanks for your help!