Growing in popularity, ERISA budget accounts provide plan sponsors revenue sharing dollars, which can be used to cover plan administrative expenses.
Understanding how to best use the funds can be challenging, as their structure is complicated and requires plans to follow proper allocation methods and timing. Using them incorrectly can expose a sponsor to penalties for fiduciary breach.
Join us as we cover the ins and outs of ERISA budget accounts, including an overview of new allocation approaches and what legitimate plan expenses can be borne by the accounts.
Featured speakers include:
- Christian D. Hancey, Nixon Peabody LLP
- Stacy J. Lawkowski, Nixon Peabody LLP
- James W. Strodel, CAPTRUST Financial Advisors