LELAND — An IRS regulation on investment tracking led the Leland Public Schools to join a consortium of districts that outsource the job, according to the Leelanau Enterprise.
Part of the regulation requires districts to track the investments made by employee-sponsored retirement funds. In response to the requirements, districts across the state formed a consortium to contract out this responsibility. The consortium selected TSA Consulting, which specializes in 403(b) plan compliance.
Reference: "Leland joins school consortium," Leelanau Enterprise, Sept. 8, 2008