Should the plan sponsor pay? What about the participant? Maybe a mix of both?
These questions are core to how our consultants help retirement plan committees. The organization that sponsors the retirement plan can make a business decision over whether they want to pay for certain retirement plan expenses.
If the organization is unable or unwilling to pay for these costs, then it may be permissible to pass these costs to the 401(k) or 403(b) participants. Bottom line, you need to make the best decision for your organization and we have some information to help you do just that!
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