The independent actuarial opinion submitted with the application must:(1) describe the extent to which projected plan contributions:(A) are not excessive;(B) are not unfairly discriminatory;(C) are adequate to pay all of the plan's:(i) benefit payments;(ii) administrative expenses;(iii) other operational expenses; and(D) are sufficient to maintain the required reserves and surplus to be held in trust for the plan's participants; and(2) include a statement allocating the projected plan contributions to be charged to clients for plan coverage for:(A) the plan's administrative expenses;(B) plan reserves; and(C) all other expenses associated with operation of the applicant's plan.