PBGC Audit

[Jakyasar]

Hi

A plan of mine was picked by PBGC for audit and all information was provided 6 months ago. I have not heard from them at all since then. sometimes no news is good news but here I am getting a bit worried that I have not heard anything.

Between all governmental firings as well as shutdown, does anyone have an experience similar to mine?

Thanks

[Peter Gulia]

Could the plan or the employer be harmed because of a delay in the PBGC's findings?

[TheBoxMan]

Similar to most government agencies, PBGC has had staffing cuts. If the plan has not received a letter saying the audit is closed, then it is still ongoing. PBGC auditors communicate via email, so you can always email the auditor and ask for a status update. I have seen audits take up to 2 years to complete. 

[Jakyasar]

I have had audits in the past, never this long. I am aware of the personnel changes at PBGC, especially with legal department, so nothing to do but wait.

Thank you for your input.