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Posted

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

Posted

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

Posted

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. 

Posted

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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