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HRD-79-55 1 (1979-03-28)

handle is hein.gao/gaobaaywa0001 and id is 1 raw text is: 
1409191


REPORT BY THE


Comptroller General


OF THE UNITED STATES                                                %V


Internal Revenue Service

Efforts And Plans To Enforce The

Employee Retirement Income Security Act


The Internal Revenue Service enforces the Em-
ployee Retirement Income Security Act, which
regulates the private pension system for providing
millions of Americans with retirement income.
The Internal Revenue Service has reviewed provi-
sions of over 400,000 pension plans to determine
whether they comply with the act's requirements.
However, the Internal Revenue Service has made
little effort to determine that the plans actually
operate according to the act's requirements. Fur-
ther, the Internal Revenue Service's national office
has limited its quality review efforts, which assure
the quality of determinations that plan provisions
comply with the act.
Consequently, Internal Revenue Service officials
plan to
    --increase the number of examinations of plan
    operations,


    --develop criteria to measure overall compli-
    ance with the act and an objective approach
    to selecting plans for examination, and
    --upgrade efforts to assure the quality of In-
    ternal Revenue Service determinations that
    plan provisions meet act requirements.
This report is in response to a request from the
Joint Committee on Taxation.
     vD S 74


108898





        HRD-79-55
   MARCH 28, 1979

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