Guest PTWIN Posted April 6, 2001 Posted April 6, 2001 I have a client who would like to charge a vendor's lost participant search fee to his 401(k) plan. Thus, the plan asset will be used to pay for this fee. I've read the latest PWBA Advisiory Opinion 2001-01A and the DOL's response to Mr. Stoney; however, I'm still uncertain if this is wise for the plan administrator to do. What is your opinion?
Bob R Posted April 9, 2001 Posted April 9, 2001 I don't think this any problem paying the fee from the plan assets. However, what's not clear is whether you must pay it from all of the assets or whether you can pay it just from the account of the individual you are searching for.
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