Trillions in pension plan assets can't be verified, Labor Department IG reports

An estimated 49 million Americans depend upon $2.7 trillion in employee benefit pension plan assets that either aren't fully audited or get a meaningless annual certification of their value, according to the Department of Labor inspector general. The custodians of those plans often perform little more than "record-keeping services," rather than annually verifying the integrity of the assets, the IG said.



http://ift.tt/Z5M3DP