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Nationwide Unveils Incentive Program Package

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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.