403(b) Universal Availability 2025

ARE YOU AWARE OF YOUR 403(b) BENEFIT? THE OPPORTUNITY You have the opportunity to save for retirement by participating in Elkhart Community Schools your Employer’s 403(b) retirement plan. A 403(b) plan is a retirement plan for certain employees of public schools, tax-exempt organizations ASPIRE FINANCIAL SERVICES and ministries. We recommend that all employees visit our education COREBRIDGE FINANCIAL FORMERLY AIG VALIC page which can be found here: HORACE MANN LIFE INS CO METLIFE FC https:////www.omni403b.com//Employees//Education ROTH ASPIRE ROTH COREBRIDGE FINANCIAL FORMERLY AIG VALIC ROTH HORACE MANN LIFE INS CO WHY SAVE WITH 403(b)? ROTH METLIFE FC 1. You do not pay income tax on allowable contributions until you begin making withdrawals from the plan, usually after your retirement. 2. Pre-tax investment gains in the plan are not taxed until distribution and eligible ROTH investment gains are tax free. 3. Generally, retirement assets can be carried from one employer to another. Future retirement savings value assuming 6% growth Monthly Contributions 5 Year 15 Years 20 Years $50 $3,489 $14,541 $23,102 $200 $13,954 $58,164 $92,408 $500 $34,885 $145,409 $231,020 HOW CAN I PARTICIPATE? Prior to contributing you must open an account with an investment provider authorized in the Plan, a list of which is available on the right. You may then complete a Salary Reduction Agreement (SRA) online at: https:////www.omni403b.com//SRA If you are already contributing to your Employer’s Plan and you want to change your contribution amount or investment provider, simply complete and submit a new SRA. Once we are in receipt of the newly completed SRA, we will notify your employer to begin contributions. HOW MUCH CAN I CONTRIBUTE ANNUALLY? In 2025, you may contribute up to $23,500 if you are 49 years of age or below and up to $31,000 if you are 50 years of age and over. You may also be entitled to additional catch-up provisions like the 15 Year Service Catch-up. Please contact OMNI’s Customer Care Center at 877-544-6664 for further details. 2025 Maximum Allowable Contribution Limits 403(b)/457(b) Elective Contribution Limits Age 49 and under Age 50 to 59 or 64 and over Age 60 to 63 as of 12/31/2025 as of 12/31/2025 as of 12/31/2025 $23,500 $31,000 $34,750 15 Year Service Catch-Up amount, if eligible, is $3,000 Maximum Employer Contribution is: $70,000 403(b) Combined Limits for Elective and Non-Elective Contributions Age 49 and under Age 50 to 59 or 64 and over Age 60 to 63 as of 12/31/2025 as of 12/31/2025 as of 12/31/2025 $70,000 $77,500 $81,250 LOOKING FOR HELP? Click the link below to view your plan details. https://www.omni403b.com/PlanDetail