OMNI’s Customer Care Team is available at 877-544-6664 Monday through Friday between 7:30 am and 8:00 pm EST. Representatives can assist with a variety of concerns including Salary Reduction Forms, Maximum Allowable Contribution limits, transaction requests, and much more!
OMNI’S Website is http://www.omni403b.com
The IRS has recently announced the 2021 Maximum Allowable Contribution (MAC) limits for 403(b) and 457 plans. Elective contribution limits have not increased from their 2020 levels.
The elective deferral limit for 403(b)/457 plans will still stand at $19,500. Employees age 50 and over will be entitled to contribute an additional $6,500 to their 403(b) or 457(b) plan(s) thereby increasing the elected deferral limit to $26,000. If you expect to make or receive a non-elective employer contribution in 2021, please note that the 415(c) limitation has increased from $57,000 to $58,000, permitting employers to contribute up to $58,000 to an employee’s 403(b) plan.
If you have any questions concerning contribution limits, or any other 403(b)/457 matters, please contract U.S. OMNI at 877-544-6664