FAQ 463: Plan type--Converting a DC plan to an A9 plan


My plan changed from a profit sharing plan to a 401(k) plan. It was originally set up as a DC plan, so there are no deferral and match sources, etc. I don't want to lose the information I have already input. Is there a way to convert the plan to an Account Type 9 (A9) plan?


You will not lose the information. You can run a conversion to change the DC plan to an A9 plan by doing the following:
- Close the plan on ASC so that "Untitled" displays in the title bar.
- Select Utilities-Conversions-Account Type
- In the "Convert from..." box, browse to your current DC plan.
- The "Convert to..." box will then indicate that it will be converted to an A9 plan.
- Click on the "Convert" button to convert the plan.
A new A9 plan will then be created that contains all the data that was in your DC plan. Once you have checked the balances, etc. in the A9 plan,
you can go back and delete the old DC plan.