403(b) Information
Optional Tax-sheltered Benefit for 2024 >>>
1) Per IRS regulations, 403(b), ROTH-403(b), 457(b) and ROTH-457(B) Plan Participation at CHS D94 is
open to all wage earners; except, CHS D94 students performing services for the District.
2) Participation is governed by the District 94 Plan Document designed in accordance with
IRS Code for Tax-Sheltered Annuities. It allows for enrollment and participation to begin when
District 94 employment commences; and, at other times during the year.. OMNI is the D94
Third Party Administrator (TPA).
3) If you currently contribute to an SRA Plan, re-enrollment is NOT required for 2024. Current
(2023) plan participation will roll into the new calendar year (2024).
4) Changes for Plan Participants may be made for 2024. An updated form is required.
5) Discontinuation is effective at any time, if necessary. An updated form.is required.
6) The 2024 Plan Year Notice is attached.
7) 403(b), ROTH-403(b) and 457(b), ROTH-457(b) SRA Forms for participation are attached.
8) Board Approved Vendor List is attached or visit the OMNI Link at https://www.omni403b.com/
9) Instructions for Initial participation, changes, and discontinuation for Salary Reduction Agreements (SRA),
and Misc. Plan Transactions are attached.
10) The Maximum Contribution Level for participants under age 50 is $23,000.
11) The Maximum Contribution level for participants age 50 or older is $30,500.
12) This is NOT an opportunity for VOYA Participation through TRS.
13) Other Related Transactions, visit OMNI Link: https://www.omni403b.
14) SRA Forms through D94 for initial participation or changes commencing January 12. 2024 are
due in the Business Office by 12-21-23 for authorized signatures and processing.