RETIREMENT PLAN MANAGEMENT
Employers
Explore resources that help employers administer retirement plans with confidence .
COMPLIANCE SUPPORT
For Plan Sponsors
U.S. OMNI & TSACG Compliance Services provides effective tools and resources to streamline 403(b) and 457(b) plan compliance.
TRUSTED CONSULTING SUPPORT
Dedicated Support for Plan Sponsors
Serving our clients for 30 years, OMNI/TSACG is the nation’s largest independent provider of compliance and administration services for retirement plans sponsored by public education employers. In the event of an IRS audit, we provide on-site IRS assistance with the full support of in-house legal council.
Plan Sponsors are assigned primary and secondary consultants to aid with technical and plan design questions. We also utilize integrated support teams to develop, protect, and manage your plan. Our consulting services, which are not replicated by any other TPA in this industry, are provided to our clients at no additional cost.
PARTICIPANT SUPPORT & EDUCATION
Resources for Every Stage of Retirement
We produce and maintain annual “meaningful notice” material for distribution to employees, which satisfies the IRS regulation regarding Universal Availability. Additionally, our Financial Wellness Center serves as an educational resource providing a variety of tools to assist in learning more about retirement savings and managing personal finances. Calculators, videos, and informative content are available to help guide the retirement planning process.
We provide a fully staffed customer support call center, including bilingual representatives, as well as our secure Online Distribution System and secure remittance and Salary Reduction Agreement portals. We maintain relationships with 300 investment providers on behalf of over 3.2 million participants representing almost $5 billion in annual retirement plan contributions.
RESOURCES
Frequently Asked Questions
Have a question about U.S. OMNI & TSACG Compliance Services’ (OMNI/TSACG) 403(b) and 457(b) administration? Please contact the Plan Support team at 888-777-5827 or email the team at plansupport@tsacg.com.
FAQs
How do I add a new investment provider to my authorized list of providers?
If you wish to add an investment provider, please call Plan Support at 888-777-5827 or email the team at plansupport@tsacg.com.
Can I make changes to the features in my organization’s plan?
Yes, as the Plan Sponsor, you can make changes to the features in your plan at any time. OMNI/TSACG works with employers to customize a plan document to their specific needs. If you would like to make changes to your plan features, please contact Plan Support at 888-777-5827 or email the team at plansupport@tsacg.com.
Will online Salary Reduction Agreement (SRA) forms be sufficient in the event of an IRS audit?
Yes. When a participant completes an online SRA, the changes entered and confirmed by your employee are memorialized in the fund change e-mail you receive. Furthermore, OMNI/TSACG retains electronic records of each SRA (including IP addresses) that can be provided to you at a moment’s notice.
What is the difference between an elective and a non-elective contribution?
An elective contribution is a paycheck deferral made by the employee to his 403(b)/457(b) plan. To initiate the elective contribution, the employee must open a 403(b)/457(b) account and either complete a Salary Reduction Agreement (SRA) via OMNI/TSACG’s website or complete a paper SRA form and submit it to your designated office, i.e., Payroll, etc., based on the SRA method you utilize.
In contrast, non-elective contributions are funds, you, as the employer, choose to direct towards an individual’s 403(b) account, regardless if employees make their own contributions. These contributions come directly from the employer and are not deducted from employee’s salaries. Importantly, the employer and the employee never pay FICA and Medicare on non-elective contributions.
How do I know when an employee reaches his/her maximum allowable contribution limit?
As part of OMNI/TSACG’s services, we continually track each participant’s maximum allowable contribution (MAC) limit throughout the year. OMNI/TSACG notifies you when the employee is getting close to reaching his/her MAC, as well as when the employee has reached his/her MAC. In addition, OMNI/TSACG’s compliance checks will identify the excess funds and return them to the employer prior to the funds being sent to the investment provider.
What should I do if I receive a 403(b)/457(b) audit letter from the IRS?
As part of our all-inclusive services, OMNI/TSACG provides our clients with full IRS audit assistance. In fact, OMNI/TSACG has successfully assisted in over 120 IRS audits. If you receive an IRS audit letter, please contact your Plan Consultant or our Plan Support team at 888-777-5827 or via email to plansupport@tsacg.com.