Nationwide lands $395M retirement plan contract

Nationwide has landed a contract to be retirement plan provider for the city of Baltimore, bringing $395 million in assets under management.

The city's municipal government signed a five-year contract with Columbus-based Nationwide as exclusive provider for 457(b) and 401(a) retirement savings plans for city employees and their families, which includes 11,379 participants.

“After a competitive search process, we selected Nationwide as our plan provider based on its lower administrative costs…

Previous Ask the accountant: Are you missing the signs that it's time for change?
Next All about AI: How artificial intelligence is reshaping the accounting profession

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *