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2020 Annual Report of the Participant and Plan Sponsor Advocate (PDF)
Participant and Plan Sponsor Advocate, Pension Benefit Guaranty Corporation [PBGC]
Jan. 4, 2021 21 pages. "Some of the concerns discussed in this Report, such as breakdowns in processes and procedures, have been satisfactorily resolved through diligent efforts by PBGC ... However, there are still certain areas which require immediate action by PBGC, such as the management of aging cases and the use of a cost-benefit analysis in longstanding matters where dollars expended by the agency far exceed the value of the benefit or the amount of recovery.... In addition to describing participant and plan sponsor activities, this Report discusses the Office of the Advocate's latest initiative, the Pension Plan Registry Project. The Project seeks to create a tool which will allow participants to search for information about the genealogy and history of a pension plan." |
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