Sarasota County Schools
Agenda Item #34
Title
APPROVAL OF THE 403(b) PLAN DOCUMENT FOR PUBLIC EDUCATION ORGANIZATIONS
Description
The Internal Revenue Service (IRS) requires that every public education institution that offers 403(b) tax sheltered accounts adopt a plan document in a form approved by the IRS. The school district must have an approved document before January 1, 2009, in order to maintain the plan qualified tax status.
Recommendation
That the School Board of Sarasota County adopt the 403(b) Plan Document for Public Education Organizations as presented.
Contact
CORCORAN & PALMER
Financial Impact
N/A
Attachment: 403_b_ Plan Doc_memo 10_30_08.pdf
Attachment: Board Resolution_403_b_ Plan Adoption.pdf
Attachment: IBC Model Plan.pdf
Attachment: Sarasota_FL plan doc.pdf
Attachment: Sarasota_FL ADOPTION AGREEMENT.pdf