Nationwide Financial® introduces Quarterly Plan Checkup
Report proves popular among investment professionals
FOR IMMEDIATE RELEASE
March 13, 2005
Carah Brody (614) 677-0275
Erica Lewis (614) 249-0184
COLUMBUS, Ohio —Nationwide Financial Services, Inc. (NYSE:NFS) introduces its Quarterly Plan Checkup, a free electronic report that provides investment professionals and their plan sponsor clients a comprehensive look at all aspects of a company’s defined contribution plan. Of the approximately 24,000 eligible plans, more than half have been signed up to receive the new report.
Curt Carpenter, president of Quantum Asset Management, LLC has already signed up all of his Nationwide supported 401(k) plans. “Nationwide’s Quarterly Plan Checkup is a great relationship building tool. The information provides a level of accountability and clarity that helps the plan sponsor manage their fiduciary risk as well as risks to their employees,” Carpenter said. “For the financial professional, this report puts everyone on the same page and provides an opportunity to have regular, in-depth, dialogue with your plan sponsors.”
The Quarterly Plan Checkup offers a consolidated package of plan statements designed to provide sponsors regular updates on investment performance, plan processes and fiduciary responsibilities. The report also presents a regular opportunity for investment professionals to engage in dialogue with their plan sponsor clients about how to make the most out of their employee retirement plan. The Quarterly Plan Checkup combines the following reports into one comprehensive, easy to understand package:
- Plan Statement – shows sponsors employee contribution levels, withdrawal and loan activity and rate of return on investments.
- Fiduciary Investment Review – sophisticated yet easy-to-use investment analysis that allows plan sponsors and investment professionals to efficiently review the diversity and performance of the plan’s investment options.
- Participant Activity – detailed information that helps plan sponsors gauge whether plan participants are fully utilizing the services within their 401(k) plan.
- Best Practices – helpful tips, resources and other timely market and product information.
“Nationwide Financial recognizes that investment professionals and preferred pension administrators (PPA) work extremely hard to attract new plan sponsors, and even harder to retain and grow those relationships” said John Davis, vice president of retirement plans for Nationwide Financial. “This free service is just another way that we can help investment professionals meet the needs of their clients thereby freeing up valuable time that can be used to build and manage their business.”
Investment professionals who would like more information or want to sign up a plan sponsor client to receive the Quarterly Plan Checkup report, should contact a Nationwide retirement plan consultant at 1-800-626-3112 and select option one.
About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 99 on the Fortune 100 based on 2004 revenue2. For more information, visit www.nationwide.com.
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 Nationwide Investment Services Corporation, member NASD. In MI only: Nationwide Investment Svcs. Corporation.
2 Fortune Magazine, April 2005
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Nationwide Quarterly Plan Checkup pg. 2
Investments Retirement Insurance www.nationwide.com One Nationwide Plaza Columbus, OH 43215-2220