Nationwide Retirement Solutions continues serving city of Memphis 457 plan
22-year partnership extended to 2011
FOR IMMEDIATE RELEASE
October 17, 2006
Carah Brody (614) 677-0725
Erica Lewis (614) 249-0184
Columbus, Ohio — Nationwide Retirement Solutions today announced that it will serve the city of Memphis’s 457 Deferred Compensation Plan for five more years. Under the agreement, NRS will provide the recordkeeping, marketing, education and investment management for the plan’s more than 5,600 participants.
For the past 22 years, Nationwide has served as the exclusive administrator for Memphis’s deferred compensation plan. Within the plan, participants can choose from more than 30 investment options. The city also offers its participants the Memphis Blended Fixed Option that is comprised of a guaranteed income account and the Nationwide Life Fixed Annuity. The investment option benefits participants through stable returns, protection of their principal investment and provides penalty-free liquidity for participant-initiated withdrawals.
“Nationwide is honored to have been part of such a successful partnership with Memphis for so long, and we look forward to continuing our relationship for years to come,” said Matt Riebel, president of Nationwide Retirement Solutions. “Together, we will continue to build a plan that best meets the needs of the participants and helps them prepare for their well-deserved retirement years.”
About Nationwide Retirement Solutions
Nationwide Retirement Solutions, founded in 1973, is a subsidiary of Nationwide Financial Services, Inc. The company provides recordkeeping, education and administrative services for public employee deferred contribution plans that serve more than 1.5 million government employees with more than $40 billion in assets under management1.
Nationwide, Nationwide Financial and the Nationwide Framemark are federally registered service marks of Nationwide Mutual Insurance Company. On Your Side is a service mark of Nationwide Mutual Insurance Company.1 Company records as of August 2006