Nationwide Retirement Solutions renews two plans
Will continue serving state employees in New Mexico and Florida
FOR IMMEDIATE RELEASE
November 09, 2011
Erica Lewis (614) 249-0184
Jeff Whetzel (614) 249-6354
Columbus, OH — Nationwide Retirement Solutions, a business unit of Nationwide Financial Services, Inc., today announced that the states of New Mexico and Florida have renewed their deferred compensation program contracts until 2019, and 2016 respectively. Nationwide will provide recordkeeping, marketing and education services for the plans’ combined 44,127 participants and $1.3 billion in assets.
“We’re excited about the opportunity to continue these relationships,” said Anne Arvia, senior vice president of Retirement Plans for Nationwide Financial. “We look forward to continuing to work closely with these plans to offer the services and support their participants need to reach their retirement goals.”
Since 2003, Nationwide has served as the exclusive administrator for New Mexico’s deferred compensation program, and has helped the plan increase participation and deferral rates. Today, the plan has approximately 17,000 participants and more than $367 million in assets.
Nationwide has served the Florida plan for the past 29 years. During this time, Nationwide has expanded its relationship with the plan by adding new savings and investment options such as fixed accounts and FDIC-insured savings options from Nationwide Bank. Nationwide is the largest provider to the Florida plan, with more than 27,000 participants and $1.0 billion in assets.
“New Mexico and Florida are two of our largest plans. We are honored that both plans have decided to continue their relationships with Nationwide,” added Arvia.
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.
Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Nationwide Mutual Insurance Company and Affiliated Companies, Home Office: Columbus, OH 43215-2220.
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