Guest Monster Posted August 1, 2000 Posted August 1, 2000 Can a 457 Governmental (or non-governmental for that reason) hold individual stocks in a brokerage account?
Carol V. Calhoun Posted August 6, 2000 Posted August 6, 2000 The quick answer is that a governmental plan can, provided that (a) there is no barrier to doing so under applicable state and local law, and (B) the stocks are held by a trustee under the plan trust. In the case of a nongovernmental plan, the stocks would have to be held in a "rabbi trust." Employee benefits legal resource site 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.
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