Pension Plan Problems

4 issues to watch for
1 min read
Opinions expressed by Entrepreneur contributors are their own.

A number of qualified retirement plans contain some violations that will cause them to fail IRS plan qualification tests. Here are some of the most common ones:

  • Failure to keep the plan up to date to reflect changes in the law
  • Neglecting to get a spouse's notarized consent for an employee's plan distribution
  • Incorrectly following plan eligibility rules
  • Making improper loans from the plan and not fully documenting loans

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur