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 2022 Maximum Allowable Contribution (MAC) limits for 403(b) and 457 plans. Elective contribution limits have increased.
The elective deferral limit for 403(b)/457 plans will still stand at $22,500. Employees age 50 and over will be entitled to contribute an additional $7,500 to their 403(b) or 457(b) plan(s) thereby increasing the elected deferral limit to $30,000. If you expect to make or receive a non-elective employer contribution in 2023, please note that the 415(c) limitation has increased from $61,000 to $66,000, permitting employers to contribute up to $66,000 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