Pension Benefit Guaranty Corporation

Recent Reports

Retirement Plans: Improved Communication Needed on Church Plan Eligibility for Federal Insurance Coverage

Private Pensions: IRS and DOL Should Strengthen Oversight of Executive Retirement Plans

Federal Trust Funds and Other Dedicated Funds: Fiscal Sustainability Is a Growing Concern for Some Key Funds

Freedom of Information Act: Agencies Are Implementing Requirements but Need to Take Additional Actions

Workplace Retirement Accounts: Better Guidance and Information Could Help Plan Participants at Home and Abroad Manage Their Retirement Savings

Private Pensions: Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits

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1 Open Recommendations

Agency Affected	Recommendation	Status
Pension Benefit Guaranty Corporation	The Director of the PBGC should assess and report to Congress on the feasibility of amending current law to allow active 401(k) plans to transfer small inactive account balances subject to forced-transfers to the PBGC's program, currently known as the Missing Participants Program for terminated defined contribution plans. (Recommendation 1)	Open PBGC agreed with this recommendation and anticipates completing a study before 2025 and would consult with other agencies-including DOL, Treasury, and IRS-specifically on their ongoing work to implement related provisions enacted as a part of the SECURE 2.0 Act. We will monitor the agency's progress on these efforts.