JRG Posted April 25, 2017 Share Posted April 25, 2017 Are 403(b) plans sponsored by a public school required to perform a financial audit? I think the answer is no (not subject to ERISA) but wanted to confirm that I wasn't missing something. Link to comment Share on other sites More sharing options...
jpod Posted April 25, 2017 Share Posted April 25, 2017 You are correct that ERISA doesn't apply. Whether an audit is required for reasons other than ERISA is a different question. Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted April 26, 2017 Share Posted April 26, 2017 ERISA wouldn't require one. But you'd need to look at applicable state law, since ERISA preemption also doesn't apply. Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
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