Warrington Township Non-Uniformed Employees Defined Contribution Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit conducted by the Auditor General on Warrington Township’s Non-Uniformed Employees Defined Contribution Pension Plan evaluated compliance with state laws and corrective actions based on previous audit findings. The audit covered activities from January 2020 to December 2024, focusing on municipal actions and pension plan administration. While the audit found general compliance, three issues were noted: inadequate record-keeping systems, improper funding of member accounts, and incorrect allocation of forfeitures. The first finding, which was a repeated issue from a prior audit, highlighted a lack of an adequate record-keeping system, though year-end statements were maintained. Township officials acknowledged the findings with a commitment to improve record-keeping practices. The audit’s conclusions emphasized the importance of adhering to compliance recommendations to ensure effective plan administration and compliance with applicable regulations. The cooperation of Warrington Township officials during the audit was acknowledged and appreciated. This is an automated summary. Please rely on the contents included in the released audit report.