When it comes
to plan expenses, you have options. If your plan design permits, consider
paying plan fees with forfeiture account assets. This option preserves
corporate assets and does not require you to shift fee payments to plan
participants. Generally, these funds should be used for the plan year in which
they are forfeited. Depending on your plan’s provisions, these assets can be used to:
- Pay certain
administrative expenses
- Reduce the amount
required to fund an employer contribution
- Allocate to
participant accounts
Contact your
Client Service Team to discuss your options.
