MERGE MP INTO PS

[Guest KEV]

TAKING OVER DR'S OFFICE WHO HAS CALENDAR YEAR MP AND PS PLANS. VIA RESOLUTION, MP PLAN FROZEN 12/31/98, MERGED INTO PS 1/1/99. FINAL REQ'D MP CONTRIB FOR 98 WAS MADE IN 99. PS PLAN AMENDED FROM PROTOTYPE TO INDIV DESIGNED NEW COMP EFFECTIVE 1/1/99 (DOCUMENT INCLUDED LANGUAGE INDICATING MERGER). PRIOR ADMINISTRATOR FINISHED 98 ADMIN TODAY. WE WANNA MOVE ON THE MERGER.

1. IS THE PROCEDURE OK?

2. IF INDIV. ACCOUNTS, CAN THEY JUST BE RETITLED UNDER PS PLAN AND FINAL 5500 FILED FOR 99?

3. IF POOLED ACCOUNTS, IS A FINAL ALLOCATION REQUIRED LIKE IN A PLAN TERMINATION, THEN MONEY TRANSFERRED INTO PS PLAN UNDER INDIV. ACCOUNTS?

4. ANYTHING ELSE I NEED TO CONSIDER?

THANKS IN ADVANCE FOR YOUR RESPONSE!