Jakyasar Posted Tuesday at 04:22 PM Posted Tuesday at 04:22 PM 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 QKA, QKC, QPA, CBS
Peter Gulia Posted Tuesday at 04:59 PM Posted Tuesday at 04:59 PM Could the plan or the employer be harmed because of a delay in the PBGC's findings? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
TheBoxMan Posted yesterday at 01:32 PM Posted yesterday at 01:32 PM 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. Peter Gulia 1
Jakyasar Posted yesterday at 04:16 PM Author Posted yesterday at 04:16 PM 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. QKA, QKC, QPA, CBS
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