Limited-Scope Audits Provide Inadequate Protections to Retirement Plan Participants

Date Issued

Tuesday, September 30, 2014

Submitting OIG

Department of Labor OIG

Other Participating OIGs

Department of Labor OIG

Agencies Reviewed/Investigated

Department of Labor

Report Number

05-14-005-12-121

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

Additional Details

Open Recommendations

This report has 1 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use	Additional Details
2	Yes	$0	$0
We recommend the Assistant Secretary for Employee Benefits Security provide additional formal guidance to plan administrators to identify and adequately support the fair value of plan assets.