SAR for merging plans

[Guest ElKH]

We have a controlled group client who kept the profit sharing plans for his three companies separate until mid-2002.

In 2002 he chose to merge the plans for document and filing simplification.

The SAR our system produces pulls data from the various schedules and has a "pat" format. Because of that, there is no language in the SAR that says something along the lines of "the assets were transferred to Plan B," it says "the ending balance was 0."

Should we modify the SAR to be more specific?

[Guest F1fan]

When I worked at one of the Big 4 accounting, we usually added language to the SAR to address such situations. We typically drafted a brief paragraph after all the ‘pat’ language. Nothing real elaborate, but enough to let the reader know what has transpired.

[Guest ElKH]

Thanks. (When I was in college there were 7 - Wonder when it will be the Big 1) . . .