P3 Benefits

  • Significant cost savings – No hidden fees
  • Includes over 35 leading 403(b) investment providers with options to accommodate all participants
  • Investment providers awarded P3 status after thorough examination completed through an independent committee’s due diligence process
  • Approximately 90% of all major investment providers participate in P3
  • Streamline enrollment capability to allow easy investment provider account establishment and completion of SRA to begin contribution

The steps taken to develop the program:

  • Advisory Committee made up of School Business Officials hired a national consultant to develop a Request for Information (RFI)
  • Committee identified over 80 criteria from which it evaluated investment providers, including errors and omissions coverage and indemnification policies to pending litigation and customer service design
  • RFI Application was sent to over 200 investment providers
  • Advisory Committee evaluated and scored responses from investment providers
  • Most major investment providers met or exceeded criteria in RFI
  • Investment providers awarded P3 status entered into an agreement with OMNI to pay for plan administration expenses associated with active participant accounts

OMNI P3 Providers

  • AIG Retirement Services (formerly VALIC)
  • American Century Investments
  • American Fidelity Assurance Co.
  • Ameriprise Financial Services, Inc.
  • ASPire Financial Services LLC*
  • AXA Equitable Life Insurance Co.
  • Chemung Canal Trust Co.
  • Confidential Planning, LLC
  • Faculty Services Corporation*
  • Foresters Financial
  • FPS Group - Investment Provider Xchange
  • Global Atlantic Financial Group
  • GLP Investment Services, LLC
  • Great American Insurance Group
  • GWN Securities, Inc,*
  • Horace Mann Insurance Company*
  • Invesco OppenheimerFunds
  • Kades-Margolis
  • Lincoln Financial Group
  • Lincoln Investment Planning, Inc.*
  • Mass Mutual Financial Group
  • MEA Financial Services
  • MetLife Resources
  • Mutual Inc.*
  • National Life Group (LSW)
  • New York Life Insurance & Annuity Corp.
  • Oldham Resource Group, Inc.*
  • Orion Portfolio Solutions, LLC
  • PFS Investments Inc/Primerica
  • PlanMember Services Corporation*
  • Security Benefit
  • Sgroi Financial LLC*
  • Siracusa Benefits Programs
  • TEG Federal Credit Union
  • The Legend Group
  • Thrivent Financial for Lutherans
  • TIAA-CREF
  • Voya Financial
  • Waddell & Reed Companies

*Please note that investment providers not found on the list of P3 providers usually can be accessed through one or more aggregators. An aggregator typically offers both loans and financial hardship distributions whereas certain popular providers may not. In short, although P3 limits new accounts to your selected P3 investment providers, the fact is that almost all providers remain accessible.