403(b) Tax Shelter & ROTH 403(b) Plans

Employees may opt to participate in a 403(b) Tax-Sheltered Annuity (TSA) Plan, which is a retirement plan offered by public schools. These annuities are funded by elective deferrals made through salary reduction agreements. Elective Deferrals are amounts designated by the employee to be deducted from their salary for contribution to the TSA. The elective deferral is typically excludable from the employee's gross income.

The IRS sets forth the Maximum Allowable Contribution (MAC) Limits for each tax year. For 2025, the base contribution limit has increased by $500 moving the base limit from $23,000 to $23,500. The age based catch up amount remains unchanged at $7,500. The employer limit has increased from $69,000 to $70,000.

Employees interested in participating in a 403(b) plan should contact any one of the approved companies/representatives below for more information.

The plan options for Pinelands are as follows:

403(b) Providers	Roth 403(b) Providers
Corebridge Financial (formerly AIG/VALIC)	Corebridge Financial (formerly AIG/VALIC)
Equitable (formerly AXA)	Equitable (formerly AXA)
GWN Securities, Inc.	GWN Securities, Inc.
Security Benefit	Security Benefit
Siracusa Benefits Program	Siracusa Benefits Program
NY Life Insurance & Annuity Corp.

Effective January 1, 2021, an OMNI salary reduction form must be completed for all changes to your 403(b) plan.

To change your deductions, please visit the OMNI Website, then select Start/Change Contributions.

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2025 Maximum Allowable Contribution (MAC) Limits

AXA Equitable

Karl Thaler
1433 Hooper Avenue, Suite 339
Toms River, NJ 08753
Office: (732) 606-8400
Cell: (609) 334-8573
Customer Service: (800) 628-6673
karl.thaler@equitable.com

https://equitable.com/teachers
www.equitable.com/educators