Quakertown Borough Money Purchase Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

In August 2025, a compliance audit was conducted on the Quakertown Borough Money Purchase Pension Plan, located in Bucks County, Pennsylvania, under the authority of Act 205. The audit covered documentation and transactions from January 1, 2024, to December 31, 2024, focusing on the proper administration of state aid, employer and employee contributions, retirement benefits, and actuarial reporting. The audit confirmed that the pension plan was managed in compliance with the necessary state laws, regulations, and policies. Quakertown Borough officials cooperated throughout the audit, which concluded that no significant noncompliance issues were detected. The audit report is a public document available through the Pennsylvania Department of the Auditor General’s website. This is an automated summary. Please rely on the contents included in the released audit report.