EPIC Retirement Plan Services
Loren D. Stark Company
Randall & Hurley, Inc.
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|DOL Inspector General Says More Oversight Needed for Lump Sum Cash Balance Plan Distributions (PDF)|
Office of Inspector General [OIG], U.S. Department of Labor [DOL]
Apr. 24, 2002
Report dated March 29, 2002; 29 pages. Excerpt: We audited the conversion and distribution processes in 60 converted cash balance plans to determine if PWBA needed to increase enforcement efforts.... [I]n 13 of those 60 plans, we found that workers who left employment before normal retirement age did not receive all the accrued benefits to which they were legally entitled ...
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