Is an Accountant's Opinion required for a funded welfare benefit plan with fewer than 100 participants?

[Guest moosegirl]

Is an Accountant's Opinion required for a funded welfare benefit plan with fewer than 100 participants?

[Guest b2kates]

Same rules apply as for pension plans. Does the Trust holding the funds hold qualified assets or is the Trustee a qualified trustee to exempt the fund from the audit requirement.

[Guest anonymous coward]

I would tend to disagree. The instructions to the Schedule I are very specific, in that they state that small welfare plans (without regard to type) are eligible for the small plan audit waiver.

If there is a regulatory citation that contradicts this, I would love to know where to find it.

Cheers