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October 21, 2026

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MGOAdmin created a topic in 401(k) Plans

Advisor Compensation for Plan Sponsored by Spouse's Company

"As a TPA, I am working with an advisor that is looking to set up a retirement plan for his spouse's company (with employees). Does this cause any fiduciary issues if the husband is charging a fee to the plan? It would seem like it is bordering on a prohibited transaction. If it is permitted what would he need to do to show the fees are reasonable?"

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