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457 plans - are independent audits required?

Guest SandiY

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Are State Government 457 plans (with only employee contributions) required to be audited by an independent audit? If so, how often. What cite can be provided that shows an audit is required?

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This is not required by federal statute, but would be a matter of state or local law for your jurisdiction.

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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