PBGC - Office of Inspector General

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Insolvent Multiemployer Plans: Ensuring Administrative Expenses are Reasonable, Necessary, and Adequately Supported (AUD-2017-11/PA-16-113), issued May 23, 2017

We found that MEPD adequately ensured that financial assistance recurring administrative expenses were reasonable, necessary, and adequately supported. For the nine plans we reviewed, MEPD auditors properly assessed multiemployer plans’ administrative expenses and processed recurring financial assistance requests. However, we identified two opportunities where MEPD could strengthen data quality and monitoring to ensure recurring administrative expenses for financial assistance are necessary and reasonable. These opportunities do not constitute formal audit recommendations.

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Pension Benefits Guarantee Corporation
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