Marcus Hook Borough Non-Uniformed Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit for the Marcus Hook Borough Non-Uniformed Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to verify if corrective actions from prior findings were taken and if the plan was managed according to applicable laws and policies. The audit assessed state aid deposits, employer and employee contributions, and retirement benefits for a period ending December 31, 2024. The audit concluded that the pension plan was administered in compliance with applicable regulations. Furthermore, the Marcus Hook Borough Non-Uniformed Pension Plan, part of the Pennsylvania Municipal Retirement System, has shown compliance with previous recommendations regarding record-keeping. The plan’s funding status improved, with assets consistently exceeding liabilities since 2019. This is an automated summary. Please rely on the contents included in the released audit report.