Some employee plan expenses can be paid from plan assets while others must be paid by the plan sponsor (employer). Fred Reish, partner with Reish Luftman Reicher & Cohen, has published an article that discusses which expenses can and cannot be paid from plan assets. According to Mr. Reish, "there are traps for the unwary" employers who might be considering transferring the payment of plan costs to their plans. For more information, see the
full article in the April 2009 issue of his law firm's
Report to Plan Sponsors newsletter, or
contact us to discuss your particular situation.