Many multiemployer pension plan trustees and advisers are familiar with the potential penalties in the form of excise taxes and surcharges associated with untimely adoption of a funding improvement plan (FIP) or rehabilitation plan (RP) for plans in endangered or critical status. Many may be less familiar with rules providing potential excise taxes and/or civil fines for failing to meet the FIP’s or RP’s goals by the end of the prescribed period. This could be a new and sudden reality for some plans due to the impact of the coronavirus on the stock market and employment levels. This article addresses the potential penalties if a plan reaches the end of its FIP or RP period and falls short of the goals.