AimPoint Pension
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Compass
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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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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Can We Pay Plan-Related Expenses Out of Plan Assets?
DWC Apr. 28, 2020 "Most plan documents allow for the payment of eligible expenses directly from participant accounts ... [T]he next decision to consider is how you will allocate the expenses to participants, keeping in mind that you must do so in a manner that is consistent and does not discriminate against the non-highly compensated employees.... So long as your plan document allows, or is amended to allow, there is generally no compliance issue with shifting to having the plan pay expenses during the current period of economic uncertainty. Similarly, when the economic environment rebounds, you're able to change again." |
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