Nationwide wins City of Naperville’s Deferred Retirement Contribution Plan
The City of Naperville, Illinois, has a new retirement services provider for its employees. The decision was made by the City of Naperville and their plan fiduciary, Mesirow, to choose Nationwide Retirement Solutions to provide recordkeeping and education services for its 457 deferred retirement contribution plans.
The plan has more than $118.5 million in assets under management and approximately 1,050 plan participants.
“The City of Naperville was pleased to choose Nationwide as the exclusive provider for the city’s retirement services. Nationwide was one of several providers of retirement services for the City of Naperville for years and we are glad to consolidate all our accounts with them,” said Doug Krieger, City Manager for the City of Naperville.
“We look forward to delivering extraordinary education and enrollment experiences to the City of Naperville’s employees that will help lead to better retirement participant outcomes, which we know is a key objective for the City,” 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.
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 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.