404a-5 notice

[Chippy]

When preparing the 404a-5 notice, do I have to list the exact amount of fees that can be charged to the plan? My client is currently paying all the fees outside of the plan so when I list the fees can I just say "The plan may incur certain administrative and operating expenses each year. These expenses are for the following services:

Legal

Accounting

Recordkeeping

or does it have to be

Legal - $5,000

Accounting - $3,000

Recordkeeping - $2,500

Thanks

[cpc0506]

When preparing the 404a-5 notice, do I have to list the exact amount of fees that can be charged to the plan? My client is currently paying all the fees outside of the plan so when I list the fees can I just say "The plan may incur certain administrative and operating expenses each year. These expenses are for the following services:

Legal

Accounting

Recordkeeping

or does it have to be

Legal - $5,000

Accounting - $3,000

Recordkeeping - $2,500

Thanks

If the participants are NOT paying the charges, I do not believe that they have to be listed.