The State of Indiana has a new retirement plan provider for its more than 59,000 participants.

Nationwide Retirement Solutions, based in Columbus, Ohio, has won the Indiana Public Employees’ Deferred Compensation 457 and 401(a) defined contribution retirement plans. The plans will transition in the Spring of 2022, with a four-year contract, followed by an option to renew for another four years. The plan has approximately $1.7 billion in assets under management.

“Both parties expressed how well the values of Indiana and Nationwide aligned, sharing a passion for the same goals of providing strong participant outcomes and delivering outstanding service,” said Scott Ramey, senior vice president of Retirement Solutions Distribution for Nationwide. “We’re proud to be chosen to help support their employees in their journey to prepare for retirement and look forward to providing the first-class service that our plans expect from us.”

DALBAR, a financial services market research firm, has awarded its Customer Experience Excellence Award to Nationwide for the past two years, and its Plan Participant Service Award for seven consecutive years. Nationwide has also been named to Fortune’s “100 Best Companies to Work For” for seven consecutive years.

Nationwide Retirement Solutions provides recordkeeping to more than 25,000 retirement plans across the country that includes 2.5 million participants.

Visit nrsforu.com for more information about the tools and services Nationwide provides to retirement plan participants.

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