Resolution No. 2521-403(b) Plan
The internial Revenue Service has changed rules involving individual retirement accounts known as 403(b)'s There is a substantially increased responsibility on the part of the employer. The ESD, as a service to school districts reviewed Third Party Administrators and recommended a company who passews all fees through to the vendors of these financial products. This resolution authorizes Stacy to execute the plan agreement on behalf of the school district. /ADMINISTRIATIVE RECOMMENDATION/ I move we approve Resolution 2521 as presented.
Woodland School District #404
Resolution No. 2521
BE IT RESOLVED, that the Woodland School District 403(b) Plan set forth in the Plan Agreement, a copy of which is attached hereto, is hereby adopted;
BE IT FURTHER RESOLVED, that the Director of Business is hereby authorized and instructed to execute said Plan Agreement for and on behalf of the organization.
APPROVED by the Board of Directors of Woodland School District #404, Cowlitz County, Washington on the15th day of December, 2008.
Secretary to the Board President
I, Michael Z. Green, Superintendent and Board Secretary for Woodland School District, do hereby certify that Resolution No. 2521- 403(b) Plan was, upon motion, duly made seconded and unanimously carried and adopted.
Michael Z. Green, Superintendent
Woodland School District