• IRS Okays Charging Expenses to Terminated Participants Only
  • February 4, 2004
  • Law Firm: Seyfarth Shaw LLP - Chicago Office
  • Last May, we reported that the U.S. Department of Labor (DOL) had ruled that plans may use different methods of allocating administrative expenses to the accounts of plan participants without violating ERISA, as long as the method used is reasonable. The DOL specifically noted that charging different expenses to different groups of participants, such as terminated participants, may be permissible.