Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Retirement Investing

Nationwide Retirement Product Reveals Fees

X
Your article was successfully shared with the contacts you provided.

Nationwide Retirement Plans is offering a retirement plan designed to emphasize clear mutual fund fee disclosure.

The product, Clear Advantage, is a response to a growing demand by government, plan sponsors and participants for more plan fee information, says Nationwide Retirement, a unit of Nationwide Mutual Insurance Company, Columbus, Ohio.

More than 70% of investment professionals Nationwide surveyed said they prefer or would be open to a plan with more visible fees, the company says.

“We don’t want to wait for government mandates to do what we know is right,” says Nationwide Retirement President Matt Riebel.

Clear Advantage openly reveals pricing to plan sponsors and allows each plan to track investment performance, Nationwide says.

The plan features clear statements of credits paid back to the plan by mutual funds, a choice of 150 retail funds and no requirement to choose any of Nationwide’s own funds.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.