Nationwide Retirement Solutions renews contract with state of Arizona
35-year partnership extended to 2016
FOR IMMEDIATE RELEASE
August 1, 2011
Erica Lewis (614) 249-0184
Jeff Whetzel (614) 249-6354
Columbus, OH — Nationwide Retirement Solutions (NRS), Nationwide’s public-sector retirement plan business, today announced that it will continue to serve the state of Arizona’s deferred compensation plans for another five years. Under the agreement, NRS will provide the recordkeeping, marketing and education for the plans’ more than 26,000 participants.
“In today’s economy, many workers are looking for help and guidance when it comes to planning for and living in retirement,” said Anne Arvia, senior vice president of Retirement Plans for Nationwide Financial. “As the deferred compensation plan provider for the state of Arizona, we’ll work to ensure that the state’s employees have the service and support they need to help them achieve their retirement goals.”
Since 1976, Nationwide has served as the exclusive administrator for the state of Arizona and the new contract extends this partnership until 2016. With approximately $862 million in assets, the state of Arizona is one of Nationwide’s largest clients.
Nationwide offers robust education for participants in all stages of retirement planning including personalized guidance available through one-on-one conversations with licensed financial professionals who can help guide them through key transitions, such as changing jobs or retiring.
“We look forward to continuing this successful relationship,” said Mike Smarik, Chairman of the Arizona Deferred Compensation Board. “Preparing for retirement is more important than it has ever been before and we are dedicated to offering our employees a comprehensive retirement savings program that is tailored to their unique needs.”
Nationwide, 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 A.M. Best. The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions and long-term savings plans. For more information, visit www.nationwide.com.
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide YourLife and On Your Side are service marks of Nationwide Mutual Insurance Company.