United States Conference of Mayors names Nationwide its exclusive retirement plan provider.
The United States Conference of Mayors (USCM) recently selected Nationwide as the retirement plan provider for its members. USCM member plans represent more than 4,500 cities and municipalities across the country with $9.5 billion in assets and nearly 380,000 participants. The new retirement plan offering was available to USCM members beginning January 1, 2017.
USCM evaluated retirement plan providers and decided to use Nationwide because of its commitment to serving the distinct retirement planning needs of America’s workers. Nationwide previously served as USCM’s retirement plan provider until 2012.
“After an extensive review of providers, we chose to return to Nationwide,” said Tom Cochran, CEO and executive director of USCM. “Nationwide is a market-leader in the 457 industry and a best-in-class service provider, and we know from our previous relationship that Nationwide delivers an excellent participant experience based on its strong, local-market presence.”
With the new plan, USCM members will gain access to Nationwide’s award-winning digital capabilities, retirement-planning tools and comprehensive educational services. One of the services they will receive is the Personalized Retirement Readiness Report, which provides each participant with a comprehensive look at how well they are doing toward becoming retirement ready.
In addition to Nationwide’s new and enhanced digital capabilities, USCM members will gain access to Nationwide’s fixed account which offers participants one of the highest rates in the industry, along with a co-fiduciary option from Morningstar.
As a strong American company, Nationwide is positioned to help America prepare for and live in retirement.