[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR1645.4]

[Page 262]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1645--ALLOCATION OF EARNINGS--Table of Contents
 
Sec. 1645.4  Administrative expenses attributable to each investment fund.

    A portion of administrative expenses accrued during each valuation 
period will be charged to each investment fund. The investment funds' 
respective portions will be determined as follows:
    (a) Investment managers' fees and other accrued administrative 
expenses attributable only to the C or F Fund will be charged to the C 
or F Fund, respectively;
    (b) All other accrued administrative expenses will be reduced by 
forfeitures and earnings on forfeitures accrued during the valuation 
period;
    (c) The amount of accrued administrative expenses not covered by 
forfeitures under paragraph (b) of this section will be charged on a pro 
rata basis to the investment funds, based on the respective investment 
fund balances on the last day of the prior valuation period.

[61 FR 58974, Nov. 20, 1996]