Sponsor Reimbursement of Investment Expenses

[Guest]

Plan sponsor has a mppp with assets managed by a bank trust department. The sponsor paid the management fees directly. The manager failed to bill the sponsor for over a year, and the fees were automatically deducted from plan assets. Now the sponsor wants to reimburse the plan for these fees. I know that there are some restrictions here, but cannot find supporting documentation. The deposit would not violate contribution limits, but obviously would cause the plan's formula to be exceeded. Also, I believe such reimbusement must be allocated according to the plan's formula. Any ideas and references would be appreciated.