April 01, 2013
Nationwide's On-site Support, Educational Resources Lead to Renewed Retirement Plan Contract with Maricopa County
Renewal continues partnership established nearly 30 years ago
Columbus, Ohio - Nationwide Retirement Solutions, the largest provider of public sector retirement plans1, will continue its longtime partnership with Maricopa County - one of the largest counties in the nation. Nationwide renewed its deferred compensation program contract with the county, located in Phoenix, Arizona, until 2018. Nationwide provides recordkeeping, marketing and education services for the retirement plan’s 10,000 participants.
“With the shifting retirement landscape placing more responsibility on individuals, our focus remains on providing plan sponsors with the resources they need to help best prepare their workers for retirement,” said Eric Stevenson, senior vice president of Nationwide Retirement Solutions. “Maricopa County shares in this mission, evident in their high plan participation rate, and we look forward to continuing this strong partnership by offering the services and support they need to help their employees prepare for a financially secure retirement.”
Nationwide has worked with the Maricopa County Employee Deferred Compensation Committee since its inception in 1984, and offers the County’s public employees access to 457(b) and Roth 457 retirement plans.
“For nearly 30 years Nationwide has demonstrated its commitment through products, field specialists and educational resources to help Maricopa County employees save for retirement,” said Maricopa County’s Assistant County Manager and Chief Financial Officer Shelby Scharbach. “Nationwide’s expertise and ability to continually provide solutions and resources to the public sector marketplace make them the right partner for us and our participants.”
The news comes on the heels of two recent announcements from Nationwide, which introduced two new public sector product plan offerings, as well as the Investment Fiduciary Services provided by Morningstar, designed exclusively to help 457(b) public sector plan sponsors with their investment fiduciary responsibilities.
Nationwide Retirement Solutions has provided 457(b) public sector retirement plans since 1974 and currently has more than 7,600 public sector plans under administration with nearly 1.2 million participants.
Nationwide Mutual Insurance 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 customers a full range of insurance and financial services, including auto insurance, motorcycle, boat, homeowners, pet, life insurance, farm, commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans and specialty health services. For more information, visit www.nationwide.com.