Retirement Information (TRS/PERS & 403B)

Voluntary Employee Savings Plan

403(b) Retirement Plan

  • The FNSB School District is pleased to recognize our 403(b) plan compliance service provider, The OMNI Group.

    OMNI is a leading 403(b) Administrator and will assume the responsibility of ensuring the district, our employee participants, and each of our investment providers and their agents, adhere to the many compliance regulations issued by the IRS.

    What is a 403(b) Plan?

    A 403(b) plan is a retirement plan for certain employees of public schools, tax-exempt organizations and ministers. 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.

    For more detailed information, please consult your financial advisor or visit the IRS website.

    Salary Reduction Agreement Form

    Use the Salary Reduction Agreement Form to begin or make a change to your election for future contribution amounts from your payroll check to a Tax Sheltered Annuity 403(b). You may also contact OMNI online or by phone at (877) 544-6664. Online transactions can be made once a participant has opened an account with a service provider. For more information on plan details and an approved service provider list for the FNSB School District, visit OMNI Plan Details.

    The OMNI Group also provides assistance with:

    • Hardship Withdrawal
    • Loan
    • Contract Exchange

Contact Information

Last Modified on May 8, 2019