July 24, 2012
Nationwide Retirement Solutions renews contract with Cook County
15-year partnership extended to 2017
Columbus, Ohio - Nationwide Retirement Solutions (NRS), Nationwide Financial’s public-sector retirement plan business, today announced that it will continue to serve the Cook County, Illinois, deferred compensation plan for another five years. Under the agreement, NRS will provide the recordkeeping, marketing and education for the plan’s nearly 18,000 participants.
“Nationwide looks forward to continuing our successful partnership with Cook County,” said Anne Arvia, president of retirement plans for Nationwide Financial. “We place the highest priority on providing our plan partners with a comprehensive defined contribution plan that provides their participants with the service, support and resources they need to prepare for a financially secure retirement.”
Since 1997, NRS has served as the exclusive administrator for Cook County and the new contract extends this partnership until 2017, with two one-year optional extensions. The Cook County plan has approximately $961 million in assets.
Nationwide offers robust education for participants in all stages of retirement planning, including personalized account information available through one-on-one conversations with licensed financial professionals.
“We’ve had a successful relationship with Nationwide for the past fifteen years, and we look forward to continuing to work side-by-side with them to ensure our participants have the resources they need to prepare for retirement,” said Tariq Malhance, the County’s Chief Financial Officer.
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.