AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Which 401(k) Plan Fees Can Be Paid Out of Plan Assets?
DWC Mar. 21, 2018
"[If] a particular service is required in order to maintain the plan's compliance, the fees for that service can be paid from the plan.... [F]ees for optional services generally cannot be paid out of plan assets.... [T]he law ultimately holds the plan sponsor responsible for the proper maintenance of the plan. As such, the plan sponsor cannot shift the financial burden for the corrections to the plan.... [T]he answer doesn't change just because you are thinking of using forfeitures or an ERISA spending account to pay the fees."
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