Outsourcing your closely held business’s investing services to Omnia Executive unlocks your time and transfers affiliated risks away from your business. As a 3(16) Fiduciary — currently the highest level of administrative support and fiduciary protection available — we embrace the legal obligation and heightened level of integrity to place your interests ahead of our own.

We utilize an industry-leading, widely accepted screening and reporting method called the Fi360 Fiduciary Score. This tool enables us to sit on your side of the table and provides end-user reports that are both highly intuitive and simple to interpret and digest. Additionally, the Fi360 Fiduciary Score features the following attributes:

• Transparent and objective investment rating system
• Evaluates mutual funds and ETFs
• Evaluates collective investment trust funds and group retirement annuities
• Peer-percentile ranking of an investment against a set of quantitative due-diligence criteria
• Reflects prudent fiduciary management
• Calculated monthly for investments with at least a three-year history

In our experience, proprietary scoring methods and data reports leave ambiguity for consultants to skew results or hide a negative performance. They also have gaps for advisors to offer Asset Manager recommendations that benefit them financially but not necessarily your business. Remove the guesswork by entrusting your investment fiduciary services to Omnia and the Fi360 Fiduciary Score we’re powered by.

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Investment Due Diligence

3(16) Fiduciaries have specific standards to adhere to as outlined by the DOL, IRS, ERISA, FINRA and SEC. There are four basic investment due-diligence processes your fiduciary is required by law to fulfill:

• Understand Demographics
• Customize Investment Policy
• Build Appropriate Fund Menu
• Review Costs and Performance

After Omnia’s team has learned your participant demographics and crafted a tailored Investment Policy Statement, we create a fund menu typically combining active and passive investments. Performance reviews occur quarterly, though the Fi360 Fiduciary Focus Toolkit provides real-time updates on watch-listed holdings. We deliver reporting to the Fiduciary Retirement Plan Committee during formal plan reviews, and timely investment changes are made as deemed appropriate.

This due-diligence fiduciary process transfers liability from your business to us. If we make a mistake, we resolve it and foot the bill. If we choose an investment and participants don’t like it, they sue us. You and any employee associated with managing the plan are no longer subjected to holding the bag for oversights or poor investment offerings.