Munhall Borough Non-Uniformed Money Purchase Pension Plan – Allegheny County – Audit Period January 1, 2019 To December 31, 2023

A compliance audit was conducted on the Munhall Borough Non-Uniformed Money Purchase Pension Plan for the period from January 1, 2019, to December 31, 2023. This audit aimed to verify that corrective actions were taken on past findings and to check compliance with relevant laws and regulations. The audit, mandated by the Municipal Pension Plan Funding Standard and Recovery Act, revealed that corrective actions on previously identified issues were not adequately implemented, particularly regarding Findings Nos. 5 and 6. Additionally, compliance with applicable state laws could not be fully determined due to inadequate documentation, as highlighted in Finding No. 1. Limited audit procedures indicated failures such as improper funding of member accounts and misallocation of forfeitures. Continuous noncompliance with past recommendations suggests significant administrative weaknesses. A recommendation for timely corrective actions is emphasized for improved compliance and management of the pension plan. This is an automated summary. Please rely on the contents included in the released audit report.