OMNI 403B

403b Benefit Opportunity - for more information and a list of financial institutions that the district participates in 

2025 Maximum Allowable Contributions

The normal calendar year limit IRS elective contribution for a 403(b), 457(b) and 401(k) plans will increase $23,500 for 2025.

The age-based additional amount (age of 50 by 12/31/2025) may contribute an additional to $8,000, which will permit employees age 50 or older in 2025 to contribute up to $31,000.

Any other catch-up options that may be applicable to our plan remain unchanged.

The Fifteen Year Cap Expansion Option, commonly referred to as service-based catch up, may also be available to veteran employees having 15 years or more with their current employer and whose total past 403(b) annual contributions average under $5,000 per year of employment. This allowance has a $3,000 maximum amount per year with a lifetime maximum of $15,000. A qualified employee could, for example, contribute an additional $1,000 per year for 15 years to reach the $15,000 lifetime maximum.

The overall employee and employer contribution limit for 401(a) and 401(k) and 403(b) plans increases by $3,000 to a total of $70,000 effective January 1, 2025.

OMNI Winter 2025 Newsletter


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