Financial Wellness Center
News
Browse below to learn more about OMNI’s latest services, announcements, and events.
February 15, 2023
Secure Act 2.0
On December 29, 2022, the President signed into law the SECURE 2.0 Act of 2022 ("Secure 2.0").U.S. OMNI & TSACG Compliance Services' compliance and legal teams have reviewed the legislation and written the attached General Release, which provides an overview of SECURE Act 2.0 and the most important features that Plan Sponsors should become familiar with immediately. We address the impact this legislation has on your Plan(s), and we also break down the effective dates for specific portions of this Act.
Questions regarding this information should be directed to your Client Relations Manager.
November 2022
2023 MAC Limits
2023 Limitations Adjusted as Provided in Section 415(d), etcThe IRS has recently announced the 2023 Maximum Allowable Contribution (MAC) limits for 403(b) and 457(b) plans. The elective deferral limit for 403(b)/457(b) plans will increase by $2,000 to $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 elective 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) limit 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(b) matter, please contact OMNI at 877-544-6664.
April 15, 2021
TSACG Joins U.S. OMNI/USRBP Family
U.S. OMNI is pleased to announce that TSA Consulting Group (TSACG) has joined the U.S. Retirement & Benefits Partners (USRBP) family, which includes integration with U.S. OMNI to form U.S. OMNI & TSACG Compliance Services. This partnership allows us to offer our clients access to a broader array of compliance services, which complement the superior 403(b)/457(b) compliance and administration services U.S. OMNI and TSACG clients have come to rely upon. Our new relationship also allows both teams to fully collaborate for the combined benefit of all clients and participants.
Coming Soon
OMNI's National Webinar
OMNI’s national webinar series will focus on 403(b)/457(b) information and other related topics. The series will feature industry experts discussing: financial literacy as it relates to retirement planning, state pension information and student loan forgiveness.STAY TUNED!
Sept 30 - Oct 2, 2020
2020 ASBO International Meeting
403(b)/457(b) TPAs: The Benefits and Cost Savings to Districts will be presented at the 2020 ASBO International annual meeting.During a time when saving on costs and productivity are more important than ever, a 403(b)/457(b) TPA can provide valuable full-service compliance and remittance administration, plan document review and maintenance, monitoring and implementing law changes, and assisting with IRS audits, all while being provided at little to no cost to the district.
Learning objectives for the presentation will be:
-How 403(b)/457(b) TPAs can alleviate the administrative burden associated with maintaining a 403(b)/457(b) plans in IRS compliance
-How 403(b)/457(b) TPAs can save districts costs and liability associated with their 403(b)/457(b) plans.
February 10-13, 2020
North Carolina ASBO
Zachary Keep, Director of Compliance and Client Relations, and Samantha Drees, Business Development Associate, represented U.S. OMNI at the 2020 North Carolina ASBO Annual Conference in Greensboro, NC.
February 2020
Nicole Cleaver
Meet OMNI’s new Business Development Manager of the Midwest Territory, Nicole Cleaver. Nicole started in October of 2019, and we are proud to have her represent U.S OMNI!
January 26-28, 2020
NTSA Summit
Members of OMNI’s Management team attended the 2020 NTSA Summit in Denver, Colorado. The NTSA Summit is the premier 403(b) and 457(b) forum for education, compliance and sales ideas for producers, agents, broker/dealers, sales and marketing managers.
January 2020
New P3 Providers
OMNI is pleased to announce the entry of Vanguard Fiduciary Trust Co. and Midland National into the Preferred Provider Program (P3), effective January 1, 2020. Employers seeking to secure the addition of Vanguard and/or Midland as a 403(b) provider should contact their designated Client Relations Manager.
November 2019
OMNI has Moved!
OMNI's Rochester office has changed locations! Please send all mail to our new address at 220 Alexander Street Suite 400, Rochester, NY 14607.
June 26, 2019
Ryan Phillips Moves to San Diego
Ryan Phillips, OMNI’s West Coast Business Development Manager, moves to San Diego. Ryan will be working out of our partner firm’s location, in San Diego. Ryan will continue his efforts in growing OMNI’s client base in the western region of the United States.
June 18 , 2019
Texas ASBO
Zachary Keep, OMNI’s Director of Compliance, and Samantha Drees, OMNI’s Business Development Associate, attended the Texas ASBO conference in Allen, Texas.
June 5-6, 2019
New Jersey ASBO
Mark Buckley, Director of Business Development, attended the 2019 NJASBO Annual Conference in Atlantic City, New Jersey.
June 2-5, 2019
New York ASBO – 71st Annual Education Expo
U.S. OMNI served as the titanium sponsor at the 71st Annual NYASBO Conference in Saratoga Springs, NY. OMNI thanks NYASBO for many years of support!Robert McLean, OMNI’s president and CEO, spoke at the 2019 New York State ASBO on behalf of OMNI, covering retirement participation and enrollment.
May 14, 2019
OMNI Presents the 12th annual Friends of MASBO Award
In partnership with the Massachusetts Association of School Business Officials, OMNI’s Director of Business Development, Mark Buckley, was proud to present the 13th annual Friend of MASBO award. The award recognizes individuals who have made a significant contribution to MASBO in a way that exceeds expectations.
April 30, 2019
Virginia ASBO
OMNI’s Director of Business Development, Mark Buckley, OMNI’s Business Development Associate, Samantha Drees, and Marketing Assistant, Carley Moynihan, attended the Virginia ASBO Conference in Norfolk, Virginia.
April 17, 2019
Colorado ASBO
OMNI’s Director of Marketing, Steve Thomson and Business Development Manager, Ryan Phillips attended the CASBO spring conference and exhibits in Westminster, Colorado.
March 15, 2019
Connecticut ASBO
Zachary Keep, OMNI’s Director of Compliance, and Sarah Breiner, OMNI’s General Counsel, spoke at the 2019 Connecticut ASBO conference, where they discussed Connecticut’s new disclosure laws with business officials.
March 5, 2019
Pennsylvania ASBO
Steve Thomson, OMNI’s Director of Marketing, and Sarah Breiner, OMNI’s General Counsel, represented OMNI at the 64th PASBO Annual Conference in Hershey, Pennsylvania.
February 20, 2019
North Carolina ASBO
Samantha Drees, OMNI’s Business Development Associate, and Carley Moynihan, OMNI’s Marketing Assistant, represented OMNI at the North Carolina ASBO Conference in Greensborough, North Carolina.Quick Links
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Suite 400
Rochester, NY 14607
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