COLUMBUS, Ohio--(BUSINESS WIRE)-- The great recession altered the risk tolerance and financial market confidence of many retirement plan participants, but the need to grow plan assets to meet their retirement needs continues. To help participants achieve this goal, Nationwide Financial Services, Inc. has added the Nationwide Fixed Select ContractSM to its diverse menu of retirement plan offerings.
The Nationwide Fixed Select Contract is a group fixed annuity contract that offers participants a conservative option that provides a competitive interest rate, stability and protection. Both principal and interest payments, minus applicable fees and expenses, are guaranteed by financially strong and stable Nationwide Life Insurance Company.
“The market crisis, ongoing economic uncertainty and low-interest rate environment have changed Americans’ perspectives on retirement savings, and more are looking for ways to earn a competitive rate of return while protecting their principal,” said Larry Hilsheimer, president of Retirement Plans for Nationwide Financial “The Nationwide Fixed Select Contract provides participants with the stability and protection they want, while still offering them a competitive rate of return and the flexibility to make in-plan exchanges to non-competing investment options, without penalty.”
The Nationwide Fixed Select Contract, offered to target benefit, profit sharing, 457, 401(a) and 401(k) plans, is the latest feature Nationwide has introduced to the retirement plans marketplace. Last year the company added the Nationwide Retirement Flexible AdvantageSM to its product suite, which was designed based on research and feedback from retirement plan specialist advisors to provide them with flexibility and choice.
“At Nationwide Financial, we’re committed to continually enhancing our products and services to meet participants’ evolving needs to help them prepare for a financially secure retirement,” added Hilsheimer.
For more information about the new Nationwide Fixed Select Contract, please call 800-626-3112.
Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by A.M. Best. The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services. For more information, visit www.nationwide.com.
Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark and On Your Side are service marks of Nationwide Mutual Insurance Company.
Group fixed and variable annuities and trust programs. The unregistered group fixed and variable annuities are issued by Nationwide Life Insurance Company. Trust programs and trust services are offered by Nationwide Trust Company, FSB a division of Nationwide Bank®. Nationwide Investment Services
Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Nationwide Mutual Insurance Company and Affiliated Companies, Home Office: Columbus, OH 43215-2220. Guarantees are subject to the claims-paying ability of Nationwide Life Insurance Company and/or Nationwide Life and Annuity Insurance Company.
Though the interest rate will not go below 0.0%, a loss to the principal may appear after fees and expenses are reflected.
• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution
• Not insured by any federal government agency • May lose value