We are pleased to offer you a 403(b) plan to help you save for your future retirement on a tax sheltered basis.  The 403(b) plan is maintained by the Litchfield School District.  To view the approved 403(b) Plan Subscription Packet please click on 2014 Omni 403b Subscription Packet.  You can access the 403(b) plan by accessing the Omni Participant website at www.Omni403b.com or by calling the Omni Customer Care at 877-544-6664.  You will need the SAU 27 403(b) Plan ID #7167.

In order to enroll in the plan, you will need to review the options on the Approved 403(b) Plan Vendor List below and then contact the vendors to determine where you would like to invest your contributions.  The financial advisor(s) will provide you with the form(s) that will set up the contract or account with the vendor.  Once you complete the paperwork provided by your selected financial advisor(s) and have established a 403b account, you can use the webiste to make an election.  The Omni 403b Participant Website can be accessed 24 hours a day, 7 days a week.

An approved vendor list is provided below:

*Fidelity enrollment forms are available in the HR Office.

For Participant instructions to access the Omni website, please click Online Access Instructions Omni 403b.

In the future, to ensure that the requirements for loans and hardship withdrawals are met, you will need to contact Omni 403b prior to receiving a loan or hardship withdrawal.  You will be required to complete a Hardship Transaction Request form (Omni 403b Hardship Request form) and submit it to Omni 403b.  The form can be accessed at the link provided.  To receive a loan, you will be required to complete a Loan Transaction Request form (Omni 403b Loan Transaction Request form) and submit it to Omni 403b.  The form can be accessed at the link provided.  Please check with your 403b vendor to determine if you need to provide documentation from Omni 403b to let your vendors know that you have met the regulatory requirements.  This does not guarantee that a loan or hardship withdrawal can be made, as each vendor may apply additional restrictions, but does verify that you have met the regulatory requirements to receive a loan or hardship withdrawal.

Also, if you want to make a contract exchange, distribution or transfer in the future (move money from one vendor to another), you can go to the Omni 403b Service Provider Transaction Forms web page to complete the necessary docmentation.  Please refer to the Omni Service Provider transaction instructions for further information regarding these transactions (Omni 403b Service Provider Transaction Instructions).  Any transfer that is made that does not comply with the final regulations could cause the loss of the tax-qualified status of the money transferred to the vendor.  If this happens, the money will become taxable to the participant.

If you have any questions regarding this information, please contact Hollie Messenger at [email protected] or 578-3570 X3331.