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Knox County Schools approves USI contract for 403(b) administration after public questions about restarting payroll contributions
Summary
The Knox County Schools Board of Education on a recorded vote approved a contract with USI Consulting Group to administer employee 403(b) plans from July 1, 2025, through June 30, 2030, with an option to extend for five years.
The Knox County Schools Board of Education on a recorded vote approved a contract with USI Consulting Group to provide 403(b) third-party administrative services for the term of July 1, 2025, through June 30, 2030, with an option to extend for five additional years.
The contract approval followed a public forum comment from Brandy Jarrell, who said some district employees who temporarily stopped payroll contributions to their 403(b) accounts want to restart deductions and asked whether the contract would allow that. Jarrell said some accounts remained active at a…
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