The modification, termination or restart of an existing deduction manual to modify, suspend or resume an existing deduction must be forwarded to OMNI by typing information on Dearborn Public Schools` customer homepage on the OMNI website, omni403b.com/ or by filing a salary reduction form (available online or from the payroll regulator) by fax or U.S. email. OMNI will pass the information on to Payroll. Please allow up to 2 salary periods. Third for Dearborn Public Schools 403b and 457 PlansWebsite: www.omni403b.comPhone: 877.544.OMNI (6664)For Salary Reduction Agreements 585.436.3633For All Other Forms 585.756.5557 contact an investment provider participating in 403 (b)/457 (b) to create your investment account. A list of participating investment providers for your employer can be found on the details page of your organization`s plan. After working with your investment provider to set up your account and choose an investment vehicle, you must then sign up for an omni salary discount agreement (SRA) to launch your deductions. Yes, yes. Most employers do not set limits on the number of changes you can make. Simply fill out an SRA form and send it back to OMNI to start a trigger change. To switch investment providers within your plan, simply fill out THE OMNI Contract Exchange form and open an account with the new investment provider. Launch a new 403b or 457 Deduction It is your responsibility to create an account with a participating provider. Instructions on the start of a wage deduction must then be forwarded to the OMNI group, either through Form 403b or 457 Salary Reduction Agreement.
OMNI will confirm that a corresponding account has been created and the wage settlement agency will provide instructions on when the deduction should begin. Please allow up to 2 salary periods. The distribution of funds from a third-party administrator of AccountAs, OMNI, receives all requests for rollovers and distributions of any kind under the fax number mentioned above. Participants must plan the processing time 24 hours before they can contact OMNI with questions about the forms submitted. Your first step to strengthening your pension plan is to contribute to your employer`s plan 403 (b) /457 (b). OMNI allows them to easily start or change your contributions to your account 403 (b)/457 (b). After opening an account with an investment provider approved in your employer`s plan, simply choose your employer`s status and enter your employer`s name below to take you to the salary reduction forms in which you can indicate the amount to be deducted and the authorized investment provider you want to participate in. OMNI is a third-party provider (TPA) of 403 (b)/457 (b) of plans.
We work with your employer to ensure compliance with IRS rules for the operation of plans 403 (b) /457 (b). OMNI also helps your employer transfer contributions 403 (b)/457 (b) to participating investment providers. OMNI is NOT an investment company/investment provider – we do not offer a specific investment vehicle and cannot recommend them. The OMNI GROUPWater Tower Park1099 Jay Street, Building F, 2nd FloorRochester, NY 14611.