La. Admin. Code tit. 32 § VII-107

Current through Register Vol. 50, No. 8, August 20, 2024

Section VII-107 - Administrative Fees and Expenses

A. The commission may, in its sole discretion, use one or more of the following methods to meet the costs of administering the plan. The commission may:

1. establish a reasonable monthly or annual administrative charge;

2. deduct an allocable portion of administrative costs from deferred compensation;

3. deduct an allocable portion of administrative costs from the income or earnings of investment products;

4. authorize any duly-appointed administrator to accept commissions from providers of investment products, provided, however, that the amount of such commissions may not exceed the amount of similar commissions paid to unrelated third parties;

5. deduct administrative costs from funds on deposit in financial institutions; and/or

6. deduct any other reasonable fee or commission required to defray the costs of administering the plan.

La. Admin. Code tit. 32, § VII-107

Promulgated by the Department of the Treasury, Deferred Compensation Commission, LR 24:1963 (October 1998).

AUTHORITY NOTE: Promulgated in accordance with IRC §457 and R.S. 42:1301-1308.