Employee retirements (1 - 10 of 30 items)
Private Pensions: Changes Needed to Provide 401(k) Plan Participants and the Department of Labor Better Information on Fees
GAO-07-21: Published: Nov 16, 2006. Publicly Released: Nov 30, 2006.
American workers are increasingly relying on 401(k) plans, which allow pre-tax contributions to individual accounts, for their retirement income. As workers accrue earnings on their investments, they also pay a number of fees that may significantly decrease their retirement savings. Because of concerns about the effects of fees on participants' retirement savings, GAO examined (1) the types of fee...
Pension Plans: Additional Transparency and Other Actions Needed in Connection with Proxy Voting
GAO-04-749: Published: Aug 10, 2004. Publicly Released: Sep 9, 2004.
In 1998, about 100 million Americans were covered in private pension plans with assets totaling about $4 trillion. The retirement security of plan participants can be affected by how certain issues are voted on during company stockholders meetings. Fiduciaries, having responsibility for voting on such issues on behalf of some plan participants (proxy voting), are to act solely in the interest of p...
Answers to Key Questions about Private Pension Plans
GAO-02-745SP: Published: Sep 18, 2002. Publicly Released: Sep 18, 2002.
This primer on private pensions provides information on the basic features of the private pension plan system and the federal framework that governs how private plans must operate. GAO answers questions about the types of plans that private employers may sponsor, the benefits these plans provide, and the basic requirements that govern how these plans are administered...
Employee Benefit Plans: Efforts to Streamline Reporting Requirements and Improve Processing of Annual Plan Data
HEHS-98-45R: Published: Nov 14, 1997. Publicly Released: Nov 14, 1997.
Pursuant to a congressional request, GAO reviewed the status of the Department of Labor's (DOL) efforts to streamline the Form 5500 Report and automate processing of the forms, focusing on: (1) the uses of the Form 5500 Reports; (2) the status of government efforts to streamline the Form 5500 Reports and reporting and filing requirements; and (3) actions that have been taken to expedite processing...
Income Security Issue Area: Active Assignments
AA-97-11(2): Published: Apr 15, 1997. Publicly Released: Apr 15, 1997.
GAO provided information on its active assignments in the Income Security issue area as of April 15, 1997...
Public Pensions: State and Local Government Contributions to Underfunded Plans
HEHS-96-56: Published: Mar 14, 1996. Publicly Released: Apr 12, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments.GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion...
Public Pension Plans: Evaluation of Economically Targeted Investment Programs
PEMD-95-13: Published: Mar 17, 1995. Publicly Released: Apr 12, 1995.
Pursuant to a congressional request, GAO reviewed economically targeted investments (ETI), focusing on the: (1) amount and types of ETI being invested by nonfederal public employee pension plans; (2) realization of competitive returns by ETI programs aimed at business development; and (3) economic effects of business development ETI programs.GAO found that: (1) public pension plans have invested b...
HRD-93-34R: Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
GAO reviewed the Department of Labor's enforcement of the Employee Retirement Income Security Act of 1974 (ERISA), focusing on the Pension and Welfare Benefit Administration's (PWBA) investigation of pension and welfare benefit plans' violations of ERISA fiduciary requirements. GAO found that PWBA: (1) could make computer targeting more effective and efficient by designing program thresholds to be...
Pension Plans: Public Plans in Four States Have Generally Similar Policies and Practices
HRD-90-133: Published: Jul 24, 1990. Publicly Released: Aug 27, 1990.
Pursuant to a congressional request, GAO provided information on public pension plans in four states.GAO found that: (1) boards of trustees and their staffs administer public pension plans; (2) each board establishes policy and appoints a chief administrative officer responsible for hiring and overseeing the staff that carries out the plan's daily operations; (3) two plans have a single board and...
Federal Government's Oversight of Pension and Welfare Funds
T-HRD-90-37: Published: Jun 13, 1990. Publicly Released: Jun 13, 1990.
GAO discussed the effectiveness of federal oversight of employee benefit plans' compliance with the Employee Retirement Income Security Act of 1974 (ERISA), and the government's potential exposure to underfunded pension plans insured by Pension Benefit Guaranty Corporation (PBGC). GAO found that: (1) the Internal Revenue Service (IRS) increased its examinations of plan operations; (2) the Departme...