Nationwide wins Solano County’s Deferred Retirement Contribution Plans
Solano County, California, has a new retirement services provider for its employees. The County announced that Nationwide Retirement Solutions will now provide recordkeeping and education services for its 457, 401(a) and Post Employment Health Plan (PEHP) deferred retirement contribution plans.
The plan has more than $280 million in assets under management and more than 7,500 plan participants.
“This is a result of the recent formal competitive process led by the County, its Deferred Compensation Committee, and key staff. The County regularly works to improve the retirement plan on behalf of the participants, and this is an extension of that commitment,” said Vincent Galindo, senior consultant at Hyas Group, the consultant for the plan.
“We look forwarding to providing Solano County’s employees with the tools, resources and our award-winning customer service to help them prepare for retirement,” said Scott Ramey, senior vice president of Retirement Solutions Distribution at Nationwide.
In addition to recordkeeping and administrative services, Nationwide will provide participants with holistic financial planning services and access to the online Interactive Retirement PlannerSM a personalized, comprehensive financial planning tool that provides participants with a holistic view of their retirement readiness.
Nationwide Retirement Solutions is a business within Nationwide, a Fortune 100 company based in Columbus, Ohio that is one of the largest and strongest diversified financial services and insurance organizations in the United States. Nationwide administers nearly 34,000 retirement plans, protecting more than $173.9 billion in participant assets, and helping secure financial futures for over 2.6 million participants in the governmental 457, corporate 401(k) and not-for-profit 403(b) markets. Nationwide is committed to serving the retirement industry by doing the right thing at the right time through better participant experiences, administrative simplicity and values that translate to service.
Visit nrsforu.com for more information about the tools and services Nationwide provides to retirement plan participants.