In April 2011, the Board executed an administration services agreement with TSA Consulting Group for Internal Revenue Code 403(b) compliance services and educational and third party administration program services.  The agreement provides for annual contract renewals with a 3% increase in service fee each year until June 30, 2016.  This renewal will be for year 2 (7/1/12 through 6/30/13) at the rate of $5.15 per year per participant billed monthly.