BG5150 Posted March 17, 2022 Posted March 17, 2022 Plan has online enrollment, but from time to time they get hardcopy enrollment kits mailed out. The sponsor is billed $x for each hard copy. I that an acceptable expense that can be paid out of the forfeiture account? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
C. B. Zeller Posted March 17, 2022 Posted March 17, 2022 Probably yes, as long as it is prudent to provide the hard copy enrollment kits, and the cost is reasonable. See fact pattern #5 here for a similar example: https://www.dol.gov/agencies/ebsa/employers-and-advisers/guidance/advisory-opinions/guidance-on-settlor-v-plan-expenses ugueth, acm_acm, Luke Bailey and 1 other 4 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
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