A retirement services vendor is introducing services aimed at government plan members who want the same kinds of help available to 401(k) plan participants.
A unit of Nationwide Financial Services Inc., Columbus, Ohio, has added the Nationwide ProAccount 457 plan feature, which makes professional money management services available to 457 plan members.
Wilshire Associates Inc., Santa Monica, Calif., will choose and monitor investments.
Nationwide also has introduced the Nationwide FunGuard principal protection feature.
Nationwide’s Life Insurance Company and Nationwide Life and Annuity Insurance Company are responsible for backing the product guarantees.