When you separated from your previous employer, your retirement plan assets were converted to an IRA Automatic Rollover with Nationwide Funds. Your account was funded with the proceeds from an existing retirement plan, such as a 401(k) or 403(b). Your former employer authorized that your assets be invested in a Nationwide Funds IRA. This typically occurs in one of the following instances:
- Your former employer was not able to contact you and your account balance was less than $5,000
- Your former retirement plan was terminated
Your investment was placed in the Nationwide Government Money Market Fund that meets the “safe harbor” requirements established by the Department of Labor. We encourage you to speak with a financial professional and consider how these assets fit within your overall investment plan. We offer a full range of asset allocation portfolios, equity funds and fixed-income funds to help meet your evolving financial needs. Our funds are suitable for a variety of investment objectives, risk tolerances and time horizons.