5500 SAR & Plan Mergers

[wmyer]

What would be the wording for the Summary Annual Report, for the surviving plan, in the event of a plan merger? Let's say that the surviving plan's beginning balance is $100, ending balance is $300, and the amount received from the disappearing plan is $150, and there were earnings of $50 during the year. Do you think that following is appropriate, specifically the sentence in bold type, or is there specific language that is supposed to be used:

The value of plan assets, after subtracting liabilities of the plan, was $300 as of the end of the plan year, compared to $100 at the beginning of the year. During the year, the plan experienced an increase in net assets of $200.... During the plan year, the plan had total income of $50 including employer contributions of $0....

Additionally, the value of plan assets increased due to net transfers to the plan of $150.