If you are planning to provide information to the Internal Revenue Service about an unlawful party in interest transaction, you should consider filing a written claim for an Informants' Reward with the Intelligence Division of the IRS at the same time. If the IRS collects a penalty tax as the result of your information, there is a possibility that you could receive up to 10 percent of the amount collected. Department of Justice. Cases of embezzlement or stealing of pension money, kickbacks or extortion should be referred to the Federal Bureau of Investigation or the Labor Department field office in your area. If illegal activities are found, the case can be referred to the U.S. Department of Justice for prosecution.
Criminal penalties can include fines and prison sentences, or both.
Federal pension law makes it unlawful for employers to fire or otherwise retaliate against employees who provide the government with information about their pension funds' investment practices. The most effective way to present your concerns to government investigators is to provide them with a short summary of the problems you have found and supporting documents. Make all requests for plan documents in writing. You may have to pay reasonable copying costs. If you have trouble getting the documents from your plan, contact PWBA's Division of Technical Assistance and Inquiries in Washington, D.C. or the PWBA field office nearest you.