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GAO Reports – 401(K) Plans, TARP, Capital Power Plant, Military Personnel Ethics

  • 401(K) Plans: Clearer Regulations Could Help Plan Sponsors Choose Investments for Participants, GAO-15-578: Published: Aug 25, 2015. Publicly Released: Sep 4, 2015: “Employers who sponsor 401(k) plans report using a range of default investment types to automatically enroll employees in their plans based on each type’s design and other attributes. From 2009 through 2013, the majority of employers who sponsored 401(k) plans reported using a target-date fund as their default, according to data from three annual industry surveys that GAO reviewed.
  • Troubled Asset Relief Program: Status of GAO Recommendations, GAO-15-813: Published: Sep 4, 2015. Publicly Released: Sep 4, 2015: “As of August 2015, GAO’s performance audits of the Troubled Asset Relief Program (TARP) activities have resulted in 72 recommendations to the Department of the Treasury (Treasury). Treasury has implemented 59 of the 72 recommendations (about 82 percent), some of which were aimed at improving transparency and internal controls of TARP.”
  • Capitol Power Plant: Architect of the Capitol Should Update Its Long-term Energy Plan before Committing to Major Energy Projects, GAO-15-436: Published: Sep 3, 2015. Publicly Released: Sep 3, 2015: “AOC’s CPP heats and cools 25 buildings in the complex, including the Capitol and House and Senate office buildings. CPP does not have the infrastructure to distribute electricity to the buildings it serves. CPP buys fossil fuels (mostly natural gas) to run boilers that make steam and buys electricity to run chillers that make chilled water. CPP distributes the steam and chilled water for heating and cooling using a network of tunnels. AOC seeks to install a ‘cogeneration’ system that would produce steam and electricity.”
  • Military Personnel: Additional Steps Are Needed to Strengthen DOD’s Oversight of Ethics and Professionalism Issues, GAO-15-711: Published: Sep 3, 2015. Publicly Released: Sep 3, 2015: ” GAO recommends DOD determine whether there is a need for a values-based program, assess the expansion of training, modify guidance, assess the use of a key tool for identifying ethics and professionalism issues, and develop performance metrics.”

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