Spring City Borough Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2025

In September 2026, a compliance audit was conducted on the Spring City Borough Non-Uniformed Pension Plan in Chester County, Pennsylvania. The audit, based on the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), aimed to evaluate corrective actions for prior findings and compliance with regulations from 2024 to 2025. Key findings showed the plan was administered in compliance with relevant laws and benefit calculations were accurate. An independent CPA firm handled annual financial audits, not assessed by this audit. The actuarial valuation showed a strengthened financial position over time, with a funded ratio improving from 76.7% in 2021 to 94.6% in 2025. The audit confirmed Spring City’s compliance with previous recommendations and acknowledged borough officials’ cooperation. This is an automated summary. Please rely on the contents included in the released audit report.