Richland School District Board of Directors Meeting Minutes March 2026
District Modifies 403(b) Advisory Role for Henderson Brothers
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Description
The Board approved changing the district’s 403(b) advisory agreement with Henderson Brothers from an ERISA 3(21) to an ERISA 3(28) arrangement. The change shifts investment change responsibility from the district to the financial advisor.
Contract Details
Vendor
HENDERSON BROTHERS
Agency
Richland SD, PA
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
Renewal Info
Existing advisory agreement amended to ERISA 3(28) fiduciary status; ongoing term not specified.
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