Nationwide renews City of Phoenix Deferred Retirement Compensation Plans
Nationwide’s retirement plans business announced it has renewed its contract with the City of Phoenix and will continue to provide their 401(a), 457(b) and Post Employment Health Plan (PEHP) deferred compensation plans for another five years. Nationwide has been servicing the plan since 2004.
The plan has nearly $2.4 billion in assets under management and more than 22,000 plan participants.
“We’ve been proud to be in partnership with the City of Phoenix for 16 years and look forward to doing so for another five years so we can continue to help their plan participants prepare for a financially secure retirement,” said Scott Ramey, senior vice president of Retirement Plans Distribution for Nationwide.
In addition to recordkeeping and administrative services, Nationwide will provide participants with holistic financial planning services and access to the online My Interactive Retirement Planner, designed to engage and motivate employees to prepare for retirement.
Visit nrsforu.com for more information about the tools and services Nationwide provides to participants, including the My Interactive Retirement PlannerSM, a personalized, comprehensive financial planning tool that provides participants with a holistic view of their retirement readiness.