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403(b) / 457 Deferred Compensation Plans

Effective March 1, 2026 the Colts Neck Township Board of Education has secured US Omni & TSA Compliance Services (USOTCS), or simply referred to as "OMNI,"  to provide administration and compliance services for our 403(b) / 457 deferred compensation plans.  Attached to this announcement is additional information about OMNI and the services they provide.

In January 2026, the Board of Education approved the engagement of OMNI to provide third-party administrative and compliance services for our deferred compensation plans.  The BOE further approved the addition of The Vanguard Group, Inc. to provide Tax Sheltered Annuity salary reduction agreements for the '25-26 school year.  To recap, the district will now offer deferred compensation plans in accordance with Internal Revenue Code Sections 403(b) and 457, through the following vendors:

  • Corebridge Financial (formerly AIG Retirement Services - VALIC) - 403(b)
  • Equitable - 403(b) and 457
  • Metropolitan Life Insurance Company - 403(b)
  • Vanguard Investments - 403(b)
  • VOYA Financial - 403(b) and 457

 

Additional Documents: