12AX7 Posted November 5, 2013 Posted November 5, 2013 Plan has recently been terminated. Forfeiture allows for the payment of expenses. If 2014 expenses are currently billed, can the trust pay these expenses in advance of the performance of these services?
Bird Posted November 6, 2013 Posted November 6, 2013 I don't have a problem with prepayment of expenses. Ed Snyder
12AX7 Posted November 6, 2013 Author Posted November 6, 2013 I don't have a problem with it either . The idea seemed to stick in mind that if services had not yet occured, but were billed to the plan in advance, then there would be a cutback issue because any remaining forfeiture balance would normally get reallocated.
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