Conversion in middle of plan year - issues?

[Guest ars]

Plan year ends 12/31, conversion expected to be 2/1. Are there any considerations when doing this type of conversion (i.e. non-discrim. testing, 5500), as opposed to a 1/1 conversion? Thanks.

[MWeddell]

Ask your new and old recordkeepers this same question. They likely handle mid-plan year conversions all the time.

Besides the issues you mentioned in your question, consider that you'll probably need a one-month statement and then a two-month statement from the recordkeepers instead of the usual 3-month statement covering the first quarter of 2000. Also, you should identify who is going to report the distribution taxation for payments made during January 2000.