October 27, 2014
Nationwide Retirement Plan Professionals Top in Industry for ASPPA Administration Certification
Associates working toward Qualified 401(k) Administrator certification in 2015
Columbus, Ohio - Last week, more than 120 Nationwide associates earned their Retirement Plan Fundamentals (RPF) certification from the American Society of Pension Professionals & Actuaries (ASPPA), which ranks Nationwide among the top carriers in the industry for certifications this year.
ASPPA is the premier national organization for retirement plan professionals. Its certification programs are designed to help retirement plan professionals understand and implement industry best practices. To earn the RPF certification, associates completed and passed examinations for ASPPA’s RPF-1 and -2 classes, both lead by Sarah Simoneaux, past president of ASPPA and current partner of Simoneaux and Stroud Consulting Services.
“The retirement world is increasingly complex and providers are challenged to match the ever-changing needs of plan sponsors and participants. Those that stand out have the best-educated and trained people,” said Simoneaux. “Among retirement plan providers, Nationwide has made an exceptional commitment this year, and its associates have taken advantage of this opportunity in record numbers.”
The RPF-1 and -2 classes provide an introduction to the issues, terminology and requirements of retirement plan administration, and they are designed to give candidates a big-picture view of the lifecycle of a retirement plan from its establishment and annual administration to closing down a plan.
This milestone is the first of a two-step process for these Nationwide associates. Next year, they will work on earning ASPPA’s Qualified 401(k) Administrator (QKA) credential, one of the most respected designations in the field of defined contribution administration.
“Our most valuable resource is our people, and investing in their continuing education will translate to enhanced service to all of our retirement plan clients,” said Jeff Stein, vice president of retirement plan operations for Nationwide. “Ultimately, this is a perfect example of how we’re delivering on our promise to help America’s workers prepare for and live in retirement.”
The QKA credential is offered to retirement plan professionals who work primarily with 401(k) plans. Applicants for the QKA credentials are from various professional disciplines. They typically assist employers and consultants with the recordkeeping and administration of 401(k) and related defined contribution plans.
“Nationwide’s investment underscores the company’s commitment to customer service,” said Brian Graff, CEO of ASPPA. “Carriers who invest in education for their associates will be even better prepared to succeed in the market.”
For more information about Nationwide retirement plans, call 1-800-626-3112 or visit www.nationwide.com.
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 and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; specialty health; pet, motorcycle, boat and farm insurance. For more information, visit www.nationwide.com.