ERISA 4044 expense load

PBGC's ERISA 4044 regulation (29 CFR 4044) provides guidance on the actuarial assumptions used to determine the present value of benefits in involuntary and distress terminations of single-employer plans (e.g., interest, mortality, retirement age, and an expense load).

The expense load is based on the number of participants in the plan on the valuation date as shown below.

Example

Valuation date is 2/1/2026 and number of participants is 150. The 4044 expense is: 
($438 x 100) + ($274 x 50) = $57,500