Does 404(k) allow a deduction for passing through dividends attributab

[stephen]

Does 404(k) allow a deduction for passing through dividends attributable to unallocated shares?

[RLL]

Yes. Nothing in IRC Section 404(k) would deny the deduction for "passing through" dividends on unallocated shares to the ESOP participants. The ESOP would have to include provisions allowing for such "pass through" and for the allocation of such dividends to participants on a nondiscriminatory basis.