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Full Version: Charging ppts for benefit certifications
BenefitsLink Message Boards > Retirement Plans > Defined Benefit Plans, Including Cash Balance
Kline28
Is it permissable for a db plan to charge a participant the cost of calculating a benefit certification? if so, and the ppt takes a lump sum, can the plan reduce the lump sum amount by the cost of the calculation? any references to regs, etc. would be greatly appreciated...even if the answer is nope.
pax
I don't see how a plan could make such a charge. BTW, is the plan paying the expense? should it? Perhaps the plan sponsor could charge, but why do so? The determination of the benefit is a part of having the plan in the first place.

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http://benefitslink.com/boards/index.php?showtopic=20684
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