An indispensable and comprehensive resource
The ERISA Fiduciary Answer Book , written by David R. Levin JD and Tess Ferrara JD and now in its Fourth Edition, is published by Panel Publishers, a Division of Aspen Publishers. Contact information for obtaining this invaluable guide is:
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IRS Ruling 2004-10 specifically approves only a pro rata allocation of plan expenses to former employees' accounts. The ruling fails to address a per capita method of allocating expenses. If a Fiduciary chooses to use a per capita method of allocating expenses based on this ruling, the plan will have the burden of demonstrating to the IRS that the method is both reasonable and nondiscriminatory.