Age Weighted Plan document

[R. Butler]

We have just taken over an age weighted plan. We need to get the document amended by 2/28/02. Due to time constraints, we hope to put them in our nonstandard document and attach a resolution to adopt an age weighted formula. Any problems with that? I don't see why we can't, but maybe I am missing something.

Thanks for any help.

[Mike Preston]

Sounds fine to me. There is no need to amend by 2/28/2002 if you would prefer to just have them sign a certification.

One of the changes that a lot of prototype/volume submitter providers submitted last year pursuant to the new cross-testing regulations was an option for age-weighting a plan. Many of those plans are still awaiting IRS approval of the (I think) pre-Oct. 22 submitted changes.

Not that the two are necessarily related, but both points seemed mentionable.