VEBA sponsored by government agency

[Janice F]

Is a VEBA sponsored by a governmental unit exempt from filing a 5500? Having an audit by a CPA firm? filing a 990?

[Ron Snyder]

Yes, yes and no.

[Guest benefitsgeek]

Yes, yes and no.

Why not yes for some governments on the last question?

from 990i

B. Organizations Not Required To File Form 990 or 990-EZ

Certain governmental organizations.

6. A state institution whose income is excluded from gross

income under section 115.

7. A governmental unit or affiliate of a governmental unit described in Rev. Proc. 95-48, 1995-2 C.B. 418. But see the filing requirements for Section 509(a)(3) supporting organizations in A, Who Must File.