January 25, 2018
Nationwide Named New Provider for $1.1 Billion Philadelphia Deferred Compensation Plans
Columbus, OH - The City of Philadelphia recently named Nationwide as its exclusive 457(b) and 401(a) retirement plans provider. Together, the plans serve approximately 21,700 participants with $1.1 billion in assets as of Dec. 31, 2017.
Those participants are a broad range of city employees. In addition to recordkeeping and administrative services, Nationwide will provide education and communications programs designed to engage and motivate participants to prepare for retirement.
The addition of the Philadelphia plan expands Nationwide’s significant market share in serving the retirement needs of America’s public workers. Nationwide now serves as the plan provider for nearly 4,300 cities across the country.
“We’re excited to have the opportunity to help the employees of Philadelphia prepare for their retirement,” said Eric Stevenson, senior vice president of retirement plan sales for Nationwide. “At Nationwide, we’re focused on participant outcomes, so we’re working closely with the city to provide the customized support, education and service that their employees need and deserve.”
Visit nrsforu.com for more information about the tools and services Nationwide provides to 457 plan sponsors and participants.
Nationwide, a Fortune 100 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 a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.