Depending upon plan provisions, you may have options to help offset costs and mitigate fiduciary risk through expense management. For example:
Paying plan expenses with forfeitures
Preserve corporate assets without shifting fee payments to your
employees. Plan permitting, you can use forfeiture funds to pay certain
administrative costs, make required contributions, or allocate to participant
accounts.
Taking action on former employee accounts
Are you maintaining accounts for former employees or
beneficiaries who have not taken a distribution? You may be able to reduce the
expenses by rolling over small balances into
IRAs or making cash payouts where possible.