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The OMNI Group Offers Confidence
In 1996, we started offering third-party administration (TPA) services that were cost-effective, independent, and free from inherent potential conflicts of interest. Our business philosophy—which embraces continual innovation, development, and refinement—has helped us grow to become one of the nation’s largest full-service TPAs for 403(b) plans.
The OMNI Group offers 403(b) plan sponsors:
A wealth of hands-on experience specifically in the administration of 403(b) plans
- Over 800 organizations rely on us:
Organizations large (12,000 participants) and small (75 participants) trust The OMNI Group for 403(b) plan administrative and compliance-monitoring services.*
- A 99% client retention rate:
Since our formation, over 99% of our clients have stayed with The OMNI Group.*
*Data as of June 2008.
Complete independence
- No inherent conflicts of interest:
The OMNI Group does not sell any investment products, nor do we offer financial advice. Our focus is on monitoring and maintaining compliance and processing timely remittance, not on investment returns.
- Prompt vendor remittance:
We remit payments to vendors as quickly as possible, usually within 2 business days.
A client-driven, "service first" philosophy
- Services customized to your needs:
Plan documents created to your specifications; loans, transfers, and hardship withdrawals approved and monitored based on your plan document.
- Expert, dedicated support teams:
Each client is assigned to a support team so you always speak to the same expert team members.
- Extensive IRS audit experience:
We have extensive experience representing 403(b) plan sponsors in IRS audits. No plan audited by the IRS to date, for which The OMNI Group was the TPA, has had compliance violations.
Innovative, state-of-the-art hardware and software systems
- Innovative services fine-tuned in advance:
Our state-of-the-art hardware and copyrighted, proprietary software is designed specifically for 403(b) plans.
- The first to receive a copyright for 403(b) compliance software:
In 1997, The OMNI Group was the first company to design, implement, and receive a copyright for its 403(b) plan compliance software.
Industry-leading indemnification policies
- Industry-leading indemnification and bonding policies:
Our Errors and Omissions insurance is specifically written for 403(b) compliance and administration.
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All OMNI Group employees are covered by a Fidelity Bond:
This Fidelity Bond protects the OMNI Group and its clients from fraudulent acts by an OMNI Group employee.
Inclusive pricing—no added costs for most special requests or customization
- Inclusive pricing:
Our fees are inclusive, not limited to a few basic services with extra costs for plan document revisions, loan processing, etc.—you have reliable systems and support whatever your needs are or however they change.
- Services customized to your needs:
Plan documents created to your specifications; loans, transfers, and hardship withdrawals approved and monitored based on your plan document.
Review of standards and practices to assure compliance with appropriate laws and regulations
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With The OMNI Group, you can be confident that whenever plan administration solutions need to be created, now or in the future, we intend to be the first and the best.
The OMNI Group—listens, leads, delivers. |
