Nationwide Retirement Plans Launches Clear AdvantageSM
08 Octobre 2008 - 5:08PM
Business Wire
Nationwide Retirement Plans launches Nationwide Retirement Clear
AdvantageSM, a retirement plan featuring a new generation of fee
disclosure and institutional class mutual funds. The growing
interest in greater retirement plan fee disclosure by government,
plan sponsors and participants also is shared by a large number of
investment professionals. More than 70 percent surveyed responded
that they either prefer or would be open to a retirement plan with
a more visible fee structure1. �We�re getting in front of
legislation and working to change the conversation now with our
investment professionals and plan sponsors,� said Matt Riebel,
president of Nationwide Retirement Solutions. �We don�t want to
wait for government mandates to do what we know is right and what
we know our customers want.� Clear Advantage provides plan sponsors
with an up-front discussion on pricing, which allows each plan to
track its true performance and make more informed decisions. Some
of the new plan�s features include: Nationwide ClearCreditSM � any
payments made by a mutual fund are credited back to the plan
participant through reduced costs. Broad mutual fund choices � more
than 150 brand-name retail mutual funds. No proprietary fund
requirements � plan sponsors are never forced to choose Nationwide
funds. Personalized investment options to help meet nearly every
participant�s needs � from participants who are looking for
�do-it-for me� solutions to those interested in going it alone and
everywhere in between. Clear Advantage offers multiple target date
fund options, fund window, self-directed brokerage account and
professionally managed accounts. �Plan sponsors and participants
have the right to know not only what fees they are paying, but to
understand what services and plan benefits they are receiving in
exchange for those fees,� said Riebel. �Fee disclosure shouldn�t
just be about finding the lowest price. Instead, we want to provide
the information small businesses need to shop for a retirement plan
that will best meet their needs.� Clear Advantage�s design is based
on research and feedback gathered from investment professionals,
administrators and plan sponsors. Like all Nationwide retirement
plans, Clear Advantage comes with Nationwide�s customer Bill of
Rights and warranty and includes constant guidance and monitoring
tools to help give plan sponsors confidence in meeting their
fiduciary requirements. About Nationwide Financial Nationwide
Financial Services, Inc. (NYSE: NFS), a publicly traded company
based in Columbus, Ohio, provides a variety of financial services
that help consumers invest2 and protect their long-term assets, and
offers retirement plans and services through both public- and
private-sector employers. It�s part of the Nationwide group of
companies, which offers diversified insurance and financial
services. The group is led by Nationwide Mutual Insurance Company,
which is ranked No. 108 on the Fortune 500 based on 2007 revenue3.
For more information, visit www.nationwide.com. Nationwide,
Nationwide Financial, the Nationwide Framemark and On Your Side are
federally registered service marks of Nationwide Mutual Insurance
Company. 1 Advisor Needs Assessment Research sponsored by
Nationwide, May 2008. 2 Nationwide Investment Services Corporation,
member NASD. In MI only: Nationwide Investment Svcs. Corporation. 3
Fortune Magazine, April 2007 "Nationwide ClearCreditsm is the
amount by which the Nationwide Asset Fee is reduced for a
particular fund. The ClearCredit is based upon the amount of
payments Nationwide receives from the particular fund. It will
change if the amount of payments Nationwide receives from a
particular fund changes and is not applicable to every fund. [For
more information about payments Nationwide receives, go to
www.nationwide.com.]" Nationwide, Nationwide Bank, Nationwide
Financial, the Nationwide framemark, Nationwide Clear Advantage,
Nationwide ClearCredit, Life Comes at You Fast and On Your Side are
federally registered service marks of Nationwide Mutual Insurance
Company. The Nationwide� Group Retirement Series includes
unregistered group fixed and variable annuities and trust programs.
The unregistered group fixed and variable annuities are issued by
Nationwide Life Insurance Company. Trust programs and trust
services are offered by Nationwide Trust Company, FSB a division of
Nationwide Bank�. Nationwide Investment Services Corporation,
member FINRA. In MI only: Nationwide Investment Svcs. Corporation.
Nationwide Mutual Insurance Company and Affiliated Companies, Home
Office: Columbus, OH 43215-2220.
Nationwide (NYSE:NFS)
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