Nationwide Retains Maryland Teachers & State Employees Supplemental Retirement Plans
New contract extends Nationwide’s longest-running retirement plan relationship for up to 6 years
Nationwide’s retirement plans business is pleased to announce its continued partnership with the Maryland Teachers & State Employees Supplemental Retirement Plans (MSRP) deferred compensation plans for another five years, with a one-year renewal option. Nationwide is the nation’s leading1 provider of public-sector retirement plans. MSRP became Nationwide’s first plan in 1975 and has grown its assets to $4.2 billion during that time.
Nationwide provides 457(b), 401(k) 403(b), 401(a) ROTH 457(b) and ROTH 401(k) retirement plans to employees participating in the plan. Together, these plans serve nearly 69,000 employees.
“We look forward to continuing to provide the on-site, personal services MSRP participants have come to rely on us for as they prepare and plan for a secure retirement, as well as continuing to bring new capabilities and solutions to the plan,” said Eric Stevenson, president of Nationwide’s retirement plans business.
In addition to recordkeeping and administrative services, Nationwide will continue to provide marketing and communications programs designed to engage and motivate participants to prepare for retirement.
“Nationwide put together a strong combination of resources and fee reduction to win this competition,” said Michael Halpin, MSRP Executive Director. “We are fortunate to continue our partnership without losing momentum in delivering an ever-better retirement program for Maryland state employees.”
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.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.