Qualified retirement plans are complicated to maintain and operate. Given their unique characteristics, multiemployer plans are even more so. Mistakes happen even in the best run plans, and, unless identified and corrected early, they can result in big problems — raising the potential for plan disqualification.
It pays to be proactive. To help multiemployer retirement plans identify potential trouble spots quickly, the IRS provides a list of common errors. Checking your plan for these “red flag” issues (and working with counsel to resolve any that exist), can help you keep small problems small, and prevent big problems from getting bigger.
Share this page