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Business Office

403b/457b Plans

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!

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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