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
403(b) Plan
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.
APPROVEDÂ Â Â Â Â Â Â Â by the Board of Directors of Woodland School District #404, Cowlitz County, Washington on the15th day of December, 2008.
ATTEST:
___________________________Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â __________________________________
Secretary to the Board                                                President
                                                                       __________________________________
                                                                       Director
Certificate
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