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Understanding the OMNI 403b P3 Plan Providers

In this post we aim to provide objective, trustworthy information about OMNI® and their 403(b) P3 Providers. As of this publish date, there are 35 providers available for school districts to add to their retirement plans.

Who is OMNI?

OMNI® is a Third-Party Administrator (TPA) of 403(b) plans. They work with school districts to help ensure compliance with IRS regulations governing the operation of 403(b) plans. OMNI® also helps your employer remit 403(b) contributions to participating service providers.

If your TPA is OMNI, then your school district may offer any of the 35 OMNI P3 Preferred Providers, each with their own account options, pricing structures, fees and investment products for you to choose from.

If you see an OMNI P3 provider that is not currently available to your school district, go ahead and contact your HR department and request to add that provider. Most times it’s just a flip of a switch. Many of these providers also offer a ROTH 403b option that you can request to ‘turn on’ as well.

What is 403bCompare?

Where possible, we have linked to vendor details on 403bcompare.com. The 403bCompare web site is a database of free, objective information about 403(b) vendors and the products they offer. The site was created to help employees of California’s local school districts, community college districts or county offices of education make better-informed investment decisions.

Suprisingly, neither NY (nor Omni 403b) have a comparable, objective resource but the vendor information is still relevant and accurate for NY’s K-12 school employees.

We hope the below links will serve as a great resource when making your initial 403(b) selection or if you are trying to make a change.

PROVIDERProduct TypesROTH eligibleProvider Details
American CenturyMutual FundsROTH eligible403b provider details
American Fidelity* Mutual Funds403b provider details
Ameriprise Financial / River Source Annuities
403b provider details
Aspire Financial ServicesMutual FundsROTH eligible403b provider details
AXA Equitable 
Life Insurance Company
ROTH eligible403b provider details
axa annuity review

Brighthouse Life Insurance Co.
AnnuitiesROTH eligible403b provider details
metlife annuity review

Brighthouse 403b Annuity Review
Chemung Canal Trust Co.403b provider details
Confidential Financial Planning / Multichoice
Mutual Funds
403b provider details
confidential planning 403b review
Faculty Services Corp
Annuities & Mutual Funds
ROTH eligible403b provider details
Foresters Financial 
(First Investors)

Mutual Funds
ROTH eligible403b provider details
FTJ Fundchoice / Orion Portfolio Solutions
Mutual Funds ROTH eligible403b provider details
Global Atlantic Financial Group
403b provider details
GLP & Associates
Mutual FundsProvider details
Great American Insurance Group
Annuities403b provider details
GWN/Employee Deposit Acct*Mutual Funds
ROTH eligible403b provider details
Horace Mann Life
AnnuitiesProvider details
Kades Margolis
Provider details
The Legend Group, Inc / Adserv
Annuities & Mutual Funds
ROTH eligible403b provider details
Lincoln FinancialAnnuities403b product details
Lincoln Investment Planning, Inc. Annuities & Mutual Funds ROTH eligible403b provider details
Mass MutualAnnuities & Mutual Funds 403b provider details
Mutual Inc/Plan Member Services Corporation Annuities & Mutual Funds ROTH eligible403b provider details
National Life Group (LSW)
403b provider details
New York Life Ins. & Annuity Corp.
403b provider details
Oldham Resource Group
Mutual Funds
ROTH eligible403b provider details
Oppenheimer Funds Distributors, Inc Mutual Funds ROTH eligible403b product details
Primerica Financial Services
Mutual Funds
ROTH eligible403b provider details
Security Benefit Annuities & Mutual Funds ROTH eligible403b provider details
Sgroi Financial403b product details
TEG Federal Credit UnionAnnuities & Mutual Funds
403b provider details
Thrivent Financial for LutheransAnnuities & Mutual Funds
403b provider details
TIAA-CREFAnnuities / Mutual Funds
403b provider details
VALICAnnuitiesROTH eligible403b provider details
Voya (formerly ING) AnnuitiesROTH eligible403b provider details
Waddell & Reed, IncMutual Funds403b provider details

How do you narrow down a list of 403(b) Providers?

Comparing providers, analyzing the pricing structures and finding hidden fees is no small task…and neither your school district, nor OMNI® can recommend any specific provider.

But is essential to make an informed decision about 403(b) providers because your selection WILL affect your retirement account in the future.

We can help.

Free Guide: What Every K-12 Employee Should Know About Their 403B Plan

Retirement investing for teachers can be confusing. This guide is an excellent source of information about the various options available to you as a school district employee answering important questions.

  • Read our recent post on How to Select a Suitable 403(b) Vendor
  • Download our user-friendly 5-step Teachers Shopping Guide that covers the basics of narrowing down your Provider options.
  • Check out our (b)informed blog dedicated entirely to K-12 teacher retirement plan topics.
  • Ask us to host an informative school seminar for your district employees.
  • Schedule a complimentary portfolio review at school friendly hours. This is where we look over your plan, discuss your needs, and identify the investments that are suitable for you.

If you’re still suffering from the paradox of too much choice, or if you have specific questions about your plan or the fees you might be paying, please get in touch.

Warwick Valley Financial Advisors aims to help teachers make the most of their money and utilize their finances to live exceptional lives. We’d love to hear from you and provide more information on how we can help with your financial planning whether it be retirement, insurance, student loans, or other important financial matters.

I am an independent advisor committed to the fiduciary standard, and I don’t earn commissions from the recommendations that I make to clients.

Investing in mutual funds and variable annuities involves risk, including possible loss of principal.

This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

Warwick Valley Financial Advisors and LPL Financial are not affiliated with or endorsed by OMNI 403b.