e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 p.m.

June 19, 2018 Board Meeting Agenda Item #40 Title APPROVAL FOR THE ADDITION OF ROTH CONTRIBUTIONS TO THE SCHOOL BOARD OF SARASOTA COUNTY, FL 401(k) PLAN THROUGH PRUDENTIAL AND 403(b) PLAN THROUGH VARIOUS PROVIDERS EFFECTIVE AUGUST 1, 2018 Description Allow the addition of Roth contributions, Roth rollover contributions, in-service withdrawals, hardship withdrawals and loans from Roth contributions to the District's 401(k) plan through Prudential and the 403(b) plan through various District approved vendors. Recommendation That Roth contributions to the District 401(k) plan through Prudential and 403(b) plan through the various District providers effective August 1, 2018 be approved by the board as presented. Contact LEMPE & SPRINKLE/PETERSON Financial Impact N/A Attachment:  Sarasota 401k Roth Directive.pdf Attachment:  SarasotaRoth 401(k) and Roth 403(b) Board Memo.pdf Attachment:  In-Plan Roth Directive _007139.pdf