Nationwide Retirement Solutions launches new, flexible public sector retirement plan offering
FOR IMMEDIATE RELEASE
March 18, 2013
Jeff Whetzel (614) 249-6354
Erica Lewis (614) 249-0184
Columbus, OH —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 Fiduciary Services from Morningstar Associates, LLC, to help plan sponsors fulfill their investment fiduciary responsibility by creating and monitoring the plan-level investment menu
• A new and innovative fiduciary training series
• Quarterly economic webinars in partnership with JP Morgan
In addition to competitive pricing and diversified investment options, Nationwide continues to provide local, in-person participant education and support.
“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.
1 PlanSponsor Magazine, July 2012