Employees FAQ

U.S. OMNI & TSACG Compliance Services is a third party administrator that helps employers administer retirement plans that are not subject to the Employee Retirement Income Security Act (ERISA), including plans for public sector employees, religious organizations, or certain small businesses. OMNI/TSACG performs a range of administrative functions on behalf of the plan sponsor, including:

1. Plan design and implementation: OMNI/TSACG can help the sponsor design a retirement plan that meets the specific needs of the plan participants and complies with applicable regulations.
2. Recordkeeping and reporting: OMNI/TSACG maintains accurate records of plan transactions and prepares required reports, such as annual statements and tax filings.
3. Compliance monitoring: OMNI/TSACG helps the sponsor ensure that the plan remains in compliance with applicable laws and regulations, including those related to contribution limits and distribution requirements.
4. Participant support: OMNI/TSACG provides support to plan participants, such as answering questions about the plan, helping with enrollment and contribution changes, and processing distribution requests.

Overall, OMNI/TSACG’s role is to assist the plan sponsor with the administrative tasks involved in running a retirement plan, so that the sponsor can focus on other important aspects of their organization.

A 403(b) plan is a voluntary retirement plan offered by public schools and other tax exempt organizations to their employees to help supplement employee retirement savings. 403(b) plans allow employees to set money aside in a special account and invest it for their retirement.

Contributions are made under a Salary Reduction Agreement (SRA) with your employer. This agreement allows your employer to withhold money from your paycheck to be contributed directly into a 403(b) account for your benefit. Usually, you do not pay income tax on these contributions until you withdraw them from the account.

To complete a Salary Reduction Agreement, click here

No. U.S. OMNI & TSACG Compliance Services (OMNI/TSACG) is a third party administrator (TPA) of 403(b)/457(b) plans. We work with your employer to help ensure compliance with IRS regulations governing the operation of 403(b)/457(b) plans. OMNI/TSACG also helps your employer remit 403(b)/457(b) contributions to participating investment providers. OMNI/TSACG is NOT an investment company/investment provider, and we do not offer and cannot recommend any specific investment vehicle.

Each investment provider offers different investment products, each with different features. In order to select the right investment provider for your retirement needs, it is recommended that you contact each provider in the plan to determine the best fit for you.

All full time employees are eligible by default. Part time employees may or may not be eligible, depending on the specifics of your employer’s plan. Contact your employer for specific information regarding your eligibility.

Your first step will be to contact a participating 403(b)/457(b) investment provider to establish your investment account. A list of authorized investment providers for your employer is available on your employer’s Plan Page. After working with your investment provider to establish your account and select investment vehicles, you will then either need to complete an online Salary Reduction Agreement (SRA) to initiate your deductions or complete a paper SRA form and submit it to your employer directly to begin contributions. Your employer’s Plan Page will provide details on which method your employer utilizes.

Yes. Most employers place no limits on the number of changes you can make. Simply complete an online Salary Reduction Agreement (SRA) to initiate a deduction change or an investment provider change. Note: If changing to a new investment provider, you must first open an account with the investment provider before completing the SRA process.

Your employer is responsible for choosing which Investment Providers are authorized on their list. Any investment provider that has completed an IRS mandated Information Sharing Agreement (ISA) could potentially be included on an employer’s vendor list.

Only your employer can choose to add/remove vendors from their list of participating providers.

Contribution limits are dependent on a number of factors. The IRS base limit in 2026 is $24,500. Employees over the age of 50 are automatically eligible to increase this amount to $32,500. Individuals with more than 15 years of consecutive service with their current employer MAY be eligible to contribute up to an additional $3,000 beyond their age-based maximum. Please see your employer’s Plan Page to see if this service based catch-up provision is included in your employer’s Plan.