Lodi board backs automatic-enrollment 403(b) plan for staff with 1% default
The board voted 6–0 to recommend an automatic-enrollment 403(b) program through the district provider (WA Trust) with a 1% default contribution and an opt-out option, accompanied by staff education about the plan.
The full story
The Lodi School Board voted unanimously to recommend implementing an automatic-enrollment 403(b) tax-sheltered annuity program through the district’s provider, WA Trust, with a 1% default contribution for staff and an opt-out option.
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