Large Plan audits for short plan years

[Guest jim williams]

For a short plan year the DOL allows plan sponsors to defer attaching the auditor's report until the subsequent year. My question is, does this deferral also apply to the Schedules of Reportable Transactions and Assets Held for Investment which are usually included as part of the auditor's report?

[pmacduff]

Jim - Due to the fact that those two items are actually a result of the answers to the questions on Schedule H - Part IV - Question 4 "Transactions During Plan Year", I believe you would still need to provide a listing as an appropriate response to those questions.

[Medusa]

Partially for this reason, and partially for other reasons, I have found that when taking advantage of the deferment, I often have to go back and amend the first year's return to conform to the audit report.