Dear OASBO Members,
We want to share an important update regarding the OASBO 457(b) Deferred Compensation Retirement Plan (the OASBO 457(b) Plan).
Effective November 1, OMNI & TSACG Compliance Services will assume administration and compliance responsibilities for the OASBO 457(b) Plan. OMNI & TSACG is a trusted OASBO Benchmark Program provider and national leader in plan compliance services, serving over 5,900 K-12 and higher education institutions nationwide, including more than 200 in Ohio.
Please note: The OASBO 457(b) Plan is not going away! It remains a key OASBO Benchmark Program that simplifies implementation for districts by streamlining plan development and provider selection.
As we’ve discussed in recent years, it’s critical to keep your district’s 457(b) plan documents up to date to remain compliant with federal and state law, including the SECURE Act, CARES Act, and SECURE 2.0 updates. Partnering with OMNI & TSACG ensures that your district’s participation in the OASBO 457(b) Plan remains in full compliance with IRS regulations.
What This Means For Your District:
If your district is enrolled in the OASBO 457(b) Plan and already contracted with OMNI & TSACG: No action is required. Additional communication from OMNI & TSACG will follow.
If your district is enrolled in the OASBO 457(b) Plan but is not currently contracted with OMNI & TSACG: You must take one of the following actions:
- Complete and return a Letter of Intent to OMNI & TSACG by October 31; or
- If you work with a different provider for 403(b)/457(b) administration and prefer to remain with them, please consult your provider regarding compliance for your district’s 457(b) plan.
We appreciate your support and are confident this transition will benefit participating districts by ensuring strong compliance, high-quality service, and peace of mind. If you have any questions, please feel free to reach out to us or contact OMNI & TSACG Compliance Services directly.
Best regards,
Katie Johnson, Executive Director
Ohio Association of School Business Officials