GAO report finds need for pension reporting reform

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US - Statutory reporting requirements for private pension plans lack "key information" that could better assist federal agencies in identifying and tracking plans over time and monitoring multi-employer plans, a new report by the Government Accountability Office (GAO) has found.

Basic plan information and details including assets and liabilities, insurance and financial transactions is reported by private pension plans on the Form 5500. The information is used by the Depar...

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