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Delaware 401(a) Match Plan Financial Statement Audit for Calendar Years 2019 and 2020

Report Details

Report Description: 
What Was Performed? A financial statement audit of the State of Delaware 401(a) Match Plan for Calendar Years Ended December 31, 2019 and 2020. WhyThis Engagement? This engagement was conducted in accordance with 29 Del. C. §§ 2906, 6058 and 2722. The 401(a) Match Plan voluntary retirement program is available to most state employees, including employees of the General Assembly, the judicial branch and higher education institutions. This plan allows employees to create additional retirement income security. As of December 31, 2020, the 401(a) Match Plan had approximately 9,000 participants and a net position of about $25 million. What Was Found? It is my pleasure to report this audit contained an unmodified opinion.1 The 401(a) Match Plan Annual Report for Calendar Years ended December 31, 2019 and 2020, can be found here. Please do not reply to this email. For any questions regarding the attached report, please contact State Auditor Kathleen K. McGuiness at
Date Issued: 
Friday, January 7, 2022
Agency Reviewed / Investigated: 
Dover, DE
United States
Type of Report: 
Professional Standard: 
GAO's Yellow Book, Generally Accepted Government Auditing Standards (GAGAS)

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