Montana Code 19-3-2105. Administrative expenses and fees
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19-3-2105. Administrative expenses and fees. (1) The board may establish a fund within the defined contribution plan for paying the plan’s administrative expenses.
Terms Used In Montana Code 19-3-2105
- Contract: A legal written agreement that becomes binding when signed.
- defined contribution plan: means the defined contribution retirement plan. See Montana Code 19-3-2101
- Oversight: Committee review of the activities of a Federal agency or program.
(2)The board may:
(a)assess fees to pay the reasonable administrative costs of the plan; and
(b)negotiate with a vendor or vendors for vendor reimbursement of board administrative expenses for the plan.
(3)All fees assessed must be fully disclosed to plan members and treated as public information.
(4)Costs for the board to provide for contract oversight are included as part of the administrative expenses of the plan.