Hatfield Borough Non-Uniformed Defined Contribution Pension Plan – Montgomery County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of the Hatfield Borough Non-Uniformed Defined Contribution Pension Plan in Montgomery County, Pennsylvania, was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to determine if the pension plan was administered according to applicable state laws, regulations, contracts, administrative procedures, local ordinances, and policies. Covering January 1, 2025, to December 31, 2025, the audit assessed state aid deposits, employer contributions, and retirement benefit disbursements, finding them compliant with legal requirements. The audit also confirmed that no employee contributions were required. The plan, established in 1970, had ten active members and one terminated member with vested benefits by year-end 2025. While the plan received no state aid, employer contributions varied annually. The audit concludes that Hatfield Borough effectively manages its pension plan under the relevant guidelines and thanked officials for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.