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Plan v. Settlor Expenses under ERISA and Non-ERISA Defined Benefit and Defined Contribution Plans (PDF)
MassMutual Link to more items from this source
June 6, 2014
Includes a 3-page chart assigning particular expenses to one category or the other. "Expenses that 'may' be paid by the plan are administrative 'plan expenses' (the plan sponsor always has the option to pay these expenses rather than paying them from plan assets).... Expenses that 'must' be paid by the plan sponsor are known as settlor expenses. The DOL has, for a long time, taken the position that there is a class of discretionary activities which relate to the formation, rather than the management of plans. These activities are referred to as 'settlor functions' and they generally include decisions relating to the establishment, design and termination of the plan."

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