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Allocating Administrative Costs in Defined Contribution Retirement Plans
The Employee Benefit Security Administration of the Department of Labor (DOL) has recently announced a more liberal view toward charging tax-qualified retirement plan expenses against the accounts of participants in 401(k), ESOP, and other defined contribution plans. This article provides a brief overview of the kinds of expenses that plans may pay, and explains how the new DOL guidance provides employers and plan sponsors with greater flexibility in allocating these expenses to participant accounts.
Expenses that Plans May Pay:
Administrative v. Settlor Decisions
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