Restatement of Plan

[Gary]

We have a Corbel SUngard plan document for a pension client where such document includes a resolution to adopt the plan. The plan also had a tack on amendment (and separate resolution) to reflect changes due to EGTRRA, PFEA and Rev Rul 2001-62, which also was provided with the plan. And subsequently we added another amendment to adopt the 415 regulations, along with yet another resolution for that amendment.

All the above materials are provided by the Corbel system.

We are now in the process of preparing a plan restatement that Corbel provides that allows for the plan to be amended to include an automatic annual plan freeze provision, where the plan can be unfrozen at any time to provide accruals and then automatically frozen again at the end of such year.

The question is regarding document logistics.

I expect to provide the newly restated plan with a resolution, along with the tack on amendments for the 415 final regulations (and separate resolution) and the EGTRRA (et. al stated before) amendment with separate resolution. And if it is appropriaate I will add yet another tack-on amendment (and separate resolution) which is for PPA.

Does anyone have comments regarding the appropriateness of the above approach? Of coourse I could consider preparing one resolution that applies to the restatement and all tack-on amendments.

Thanks.

[Guest Sieve]

I would use a single resolution that says the plan is being restated in the form presented to the Board (which could include a plan & tack-on amendments). Multiple resolutions are not necessary or desirable (more paper to keep track of).

Question: does Corbel have a stand-alone amendment for what you want so that you don't have to restate so close to the DB EGTRRA restatement process?

[Gary]

For the record.

The automatic freeze provision is not something that Corbel created. Apparently it came from another source.

Thank you.