erisageek1978 Posted September 23, 2024 Posted September 23, 2024 If a bankruptcy trustee is involved in the abandoned plan termination (at the initial stage, until a QTA is chosen), can those fees be added to reasonable expenses to be paid out of the pension assets (under the abandoned plan regs) or does the trustee only get paid as "trustee time" paid through the bankruptcy proceeding (where comp is statutorily determined by a formula based upon money disbursed)?
Gina Alsdorf Posted September 23, 2024 Posted September 23, 2024 I have only ever seen fees to the QTA, I would not recommend a bankruptcy trustee be paid out of plan assets. Especially if they have an alternative way of being paid. erisageek1978 1
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