|[March 18, 2013]
Nationwide Retirement Solutions Launches New, Flexible Public Sector Retirement Plan Offering
COLUMBUS, Ohio --(Business Wire)--
Nationwide Retirement Solutions, the largest provider of public sector
retirement plans1, today announced a new 457(b) plan offering
that answers the call of small case plan sponsors.
"We've taken our direction from plan sponsors who want to provide their
participants with a retirement plan that gets results at a competitive
price," said Eric Stevenson, senior vice president of Nationwide
Retirement Solutions. "We saw a clear need in the marketplace and wanted
to provide plan sponsors and participants with something they haven't
had access to before now."
The enhanced options in this new offering fits employees' unique
retirement savings needs in an ever-changing environment, and builds on
the recent launch of Investment Fiduciary Services provided by
Morningstar and designed exclusively to help 457(b) public sector plan
sponsors with their investment fiduciary responsibilities.
Nationwide's new 457(b) offering includes:
Zero asset management charge for plans with $500k-$25M in assets
A new diversified investment fund line-up
Access to a guaranteed fixed account with a competitive crediting rate
Plan Sponsor Investment Fiduciay Services from Morningstar
Associates, LLC, to help plan sponsors fulfill their investment
fiduciary responsibility by creating and monitoring the plan-level
A new and innovative fiduciary training series
Quarterly economic webinars in partnership with JP Morgan (News - Alert)
In addition to competitive pricing and diversified investment options,
Nationwide continues to provide local, in-person participant education
"It's not just about price, it's about value," said Stevenson. "With
this offering, we have both. Our mission is to deliver solutions that
improve the value and service for our customers - both plan sponsors and
participants - as they plan for and live in retirement."
Nationwide Retirement Solutions has provided 457(b) public sector
retirement plans since 1974 and currently has more than 7,600 public
sector plans under administration with nearly 1.2 million participants.
Plan sponsors seeking more information about the new plan options from
Nationwide Retirement Solutions should call 1-877-677-3678, option 3.
Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of
the largest and strongest diversified insurance and financial services
organizations in the U.S. and is rated A+ by both A.M. Best and Standard
& Poor's. The company provides customers a full range of insurance and
financial services, including auto insurance, motorcycle, boat,
homeowners, pet, life insurance, farm, commercial insurance, annuities,
mortgages, mutual funds, pensions, long-term savings plans and specialty
health services. For more information, visit www.nationwide.com.
The general distributor is Nationwide Investment Services
Corporation, member FINRA. In Michigan only: Nationwide
Investment Svcs. Corporation.
Life insurance is issued by Nationwide Life Insurance Company or
Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark and On
Your Side are service marks of Nationwide Mutual Insurance Company.
Neither Morningstar Associates nor Morningstar, Inc. is affiliated
with Nationwide and its affiliates.
1 PlanSponsor Magazine, July 2012
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