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Since 1996, OMNI has provided comprehensive independent third party administration with world-class compliance, remittance and customer support services. Today, nearly 3,000 plans rely on our state-of-the-art compliance software platform as well as our comprehensive administrative services to better accommodate current, retired, and part-time participants.
OMNI remits to 250 Investment Providers on behalf of 322,500 participants resulting in over 1.4 billion dollars in contribution funds forwarded to Investment Providers annually. Our team approach allows us to handle approximately 89,000 transactions, 106,000 Salary Reduction Agreements and 108,000 calls a year. OMNI has successfully handled numerous IRS audits for clients nationwide on a regular basis.
A 2012 initiative designed to distinguish 403(b) Service Providers which met certain criteria deemed to be highly desirable by an independent committee of School Business Officials, including the ability to assume costs of plan administration on the district’s behalf.
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