Since its initial unveiling in 2011, interest in OMNI’s Preferred
Provider Program (P3) has been truly exceptional. The P3
Advisory Committee organized key aspects of this exciting
new service model
that is revolutionizing the relationship
between employers and their 403(b) providers.
Here are the steps taken to develop the program:
Advisory Committee made up of School Business Officials hire National Consultant to Develop Request for Information (RFI).
Committee identifies over 80 criteria to evaluate Service Providers on.
RFI Application sent to over 200 Service Providers.
Advisory Committee evaluates and scores responses from Service Providers.
Most major Service Providers meet or exceed criteria in RFI.
Service Providers awarded P3 status enter into an agreement with Omni to pay for Plan Administration expenses associated with their active accounts in Districts.
Approximately 90% of all major Providers participate in P3.