Question: are 401k administration fees tax deductible?
Answer: Lowering income taxes When 401(k) administration fees are paid from plan assets, they are not tax-deductible. However, when a business pays them – they reduce the owner's taxes. When a 401(k) plan is new, these fees may even qualify for a 50% tax credit – up to $500 for each of the first 3 years of your plan.