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 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.
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