Springfield Township Non-Uniformed Defined Contribution Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit for Springfield Township’s Non-Uniformed Defined Contribution Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. This audit aimed to ensure that the pension plan was administered according to relevant state laws, regulations, and local ordinances. The audit examined whether state aid and employer contributions for 2024 were appropriately calculated and deposited, verifying that no employee contributions were required, and reviewing retirement benefits disbursed. A significant finding was an incorrect data entry on Certification Form AG 385, leading to a $6,666 underpayment of state aid due to an understated payroll and omitted employee certification. The audit recommends establishing stronger internal controls to prevent such errors. Overall, aside from this issue, the pension plan complied with applicable requirements through the audited period. This is an automated summary. Please rely on the contents included in the released audit report.