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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

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