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.
OMNI Winter 2025 Newsletter
OMNI Website
OMNI New Hire Packet
OMNI Salary Reduction Agreement