Plan Document - updated for TRA'86

[Guest AP]

I have a profit sharing plan that I'm taking over from an insurance company that maintained the plan document. The plan has been in effect since 1984. I have a copy of the adoption agreement effective in 1984 and a model amendment to what looks like the insurance company's prototype document to comply with TRA'86. Would this model amendment satisfy the requirements for TRA'86 or does the adoption agreement have to be restated and amended?

Any help would be appreciated.

[Ervin Barham]

If my poor ancient brain will remember that far back, I seem to recall most documents had to be restated.

Since it's impossible to know what you are looking at, I suggest you (or your client) contact the insurance company to see if that client is on their list as having adopted a proper TRA document.

If it was properly done, a copy should be able to be produced.

If not, seek legal help immediately as there may be a problem.