Broker Check


<sup>Understanding 403(b) Plans</sup>Your Retirement and Investment Options

Understanding 403(b) PlansYour Retirement and Investment Options

A 403(b) plan (tax-sheltered annuity plan or TSA) is a retirement plan offered by public schools and certain charities. It's similar to a 401(k) plan maintained by a for-profit entity. Just as with a 401(k) plan, a 403(b) plan lets employees defer some of their salary into individual accounts. The deferred salary is generally not subject to federal or state income tax until it's distributed. However, a 403(b) plan may also offer designated Roth accounts. Salary contributed to a Roth account is taxed currently but is tax-free (including earnings) when distributed.

The choice of where to invest your 403(b) contributions is determined by the investment option providers approved by your school district. Most of the school districts in our geographic area utilize Omni, an independent third-party administrator, as the common remitter for 403(b) plans offered in the school district.

For our 403(b) clients, we work with them to construct diversified mutual fund model portfolios based on their desired level of risk. Our primary relationships for 403(b) investment plans are:

  • Aspire Financial Services
  • Security Benefit

To determine if your school district is serviced by Omni and learn more about the specific investment options in your district, visit Omni’s website and from the home page menu select: Employees, your state, and then search for your school district.

Speak with a Financial Professional

Let’s begin the conversation. Submit this form to schedule an initial conversation. We’ll use what we learn to match you with the right professional for a no obligation introductory meeting.

Schedule a Call