Santo Gold Posted September 30, 2010 Posted September 30, 2010 A large plan (100+ participants) needs an audit and gets the bill from the accountant. Can these costs be passed onto the participants and deducted directly from their accounts? Thanks
Belgarath Posted September 30, 2010 Posted September 30, 2010 Generally yes, BUT... as per DOL Reg. 2520.102-3, the SPD must properly disclose this.
david rigby Posted September 30, 2010 Posted September 30, 2010 A fee must be reasonable to be paid by the plan. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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