Unallocated Amounts. Any funds credited to the accumulation fund which the insurer is not currently irrevocably committed to apply under the terms of the contract to the payment of benefits by it to specific plan participants or beneficiaries or to the purchase of annuities for specific plan participants, adjusted for any accrued experience rating charges or credits, including expenses and administrative, sales and surrender charges provided for under the contract. See §40.2(z) of Regulation No. 139.
Unallocated Amounts. If any portion of the Bonus Pool for a Fiscal Year is not allocated by the Administrator within 120 days after the end of a Fiscal Year (excluding any deferral pursuant to Section 5(a)(iv)), such unallocated portion shall be available for general use by the Company and shall not be added to the Bonus Pool for any subsequent Fiscal Year.
Unallocated Amounts. The term unallocated amounts is defined in §40.2(z) of Regulation No. 139. See I.C.6. above. As such, the portion of a contract that funds annuity payments of retired and terminated vested employees under an immediate participation guarantee arrangement do not have to include termination provisions that comply with §40.5 of Regulation No. 139.
