Fixed-Interest and Variable Annuities: Fixed Interest annuities usually provide protection of principal and a current interest crediting rate. Variable annuities usually offer a fixed interest account along with separate accounts that are invested in bond and/or equity markets.

Service-Based Mutual Funds and Custodial Accounts: These products are offered by investment management companies and brokerage firms. Investment portfolios can include funds from a single fund family or a custodial platform that spans several fund families on a single statement.

No Load-Low Fee Mutual Funds: No-load funds are described as investments with no sales fees on the market-based mutual funds offered. Ongoing investment management fees are charged to the funds selected. The no-sales fee/low-asset management fee offerings are good for those individuals who do not want to work with an investment advisor.

Election requests will be submitted through an online system. This system is provided by our 403(b) and 457(b) Plan Administrator, US OMNI and TSACG Compliance Services. (USOTCS). The online process eliminates the need for paper SRAs and allows 24-hour access for employees. All approved representatives of the District’s authorized investment provider companies will be able to assist employees with this online process.

There are many benefits to the new SRA process:

• Employees simply visit the Online Salary Reduction Agreement page to access the online system.
• The system can be accessed 24 hours a day, 7 days a week.
• Employees can start, change, or stop a 403(b) and/or 457(b) SRA at their convenience. 
• Employees receive immediate online confirmation that their request has been submitted.
• Authorized Investment Provider Agents/Representatives can assist employees.
• A list of authorized Investment Providers is available at the TSA Compliance Service website.
• Should you have any questions regarding the process, please contact USOTCS’s SRA Department at 888.796.3786, option 5.

Online Distribution System 

U.S. OMNI & TSACG Compliance Services Distribution System (ODS) is the fastest and easiest way for authorization for a distribution from your account. This online resource is accessible to all participants and employers through U.S. OMNI and TSACG Compliance Services Online Distribution System website – Visit the Online Distribution System page.

Please click below for authorized agents.