Pension Plan Problems 4 issues to watch for
A number of qualified retirement plans contain some violationsthat will cause them to fail IRS plan qualification tests. Here aresome of the most common ones:
- Failure to keep the plan up to date to reflect changes in thelaw
- Neglecting to get a spouse's notarized consent for anemployee's plan distribution
- Incorrectly following plan eligibility rules
- Making improper loans from the plan and not fully documentingloans