Forfeiture Account

[PensionPro]

In a balance forward profit sharing only plan, is there any guidance relating to whether earnings are allocated to the forfeiture account? How is everyone else treating this? Thank you.

[ESOP Guy]

In a balance forward plan I have never seen it done or done it.

My guess would be the document when describing earnings allocations talks about participant accounts, not a forf. account.

If a plan is silent the most common advice I see from attorneys is the plan admin has discretion. In every plan document it gives the administrator the ability to make reasonable interpretations of the plan and its document. So my guess is the plan administrator has discretion.