NU Online News Service, March 6, 2003, 12:47 p.m. EST – Nationwide Financial Services Inc., Columbus, Ohio, has introduced The Nationwide Corporate Incentive Program, a new deferred-compensation program for top employees at small and midsize C corporations.
Employers can use the program to reward employees who are already contributing the maximum possible amount to 401(k) plans, Nationwide says.
The program includes plan documents, Web-based plan administration services, trust services and funding.
Because the program is so comprehensive, advisors should have a relatively easy time selling it, and it should be attractive to employers that would have had a hard time organizing a comparable program on their own, Nationwide says.
Nationwide will be distributing the new program through independent dealers, wirehouses and financial institutions.