e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. Immediately following the Reorganization of the Board |
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 |