Richland School District Board of Directors Meeting Minutes March 2026
Board Amends 403b Advisory Agreement With Henderson Brothers
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Description
The Board amended its advisory agreement with Henderson Brothers for the district’s 403b Plan, converting it from an ERISA 3(21) to an ERISA 3(28) arrangement. This shifts investment change responsibility from the district’s Business Manager to the financial advisor.
Contract Details
Vendor
HENDERSON BROTHERS
Agency
Town of Richland, SD
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
Renewal Info
Agreement type changed from ERISA 3(21) to ERISA 3(28); existing term and renewal provisions remain unless otherwise modified, which is not detailed.
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