The lath of the New York Accompaniment Deferred Compensation Plan (NYSDCP) afresh renewed Civic as its 457(b) plan provider for seven added years, extending a accord that began in 2003. The new arrangement clearly starts April 1, 2016.
“The advisers of New York are bigger able to accommodated their retirement goals than they anytime accept been before,” said Eric Stevenson, chief carnality admiral of Nationwide’s public-sector retirement affairs business. “Nationwide has consistently approved that it is able to bear absolute after-effects through retirement planning accoutrement and apprenticeship casework to the plan’s participants.”
Albany-based NYSDCP is accessible to all advisers of the Accompaniment of New York, and added than 1,400 bounded governments in the accompaniment accept to action it to their employees.
During the 12-year accord with Nationwide, NYSDCP assets accept added than tripled, growing from $5.5 billion to $18.4 billion, and the cardinal of plan participants has added from 145,000 to 210,000. Today, the actor boilerplate annual antithesis of $87,600 is about 50 percent added than the industry average1.
“As an American company, Civic abnormally understands the retirement accumulation needs and challenges of America’s workers. We accept spent the accomplished 40 years allowance them adapt for and alive in retirement,” said John Carter, admiral of Nationwide’s retirement plan business. “We accede it an account that the Lath of the New York Accompaniment Deferred Compensation Plan chose to extend our accord so we can abide accouterment our ability – and best importantly, our account – to the individuals and families confined the abundant accompaniment of New York.”
NYSDCP plan participants accept admission to alone retirement abutment from about 50 Civic advisers who alive in New York. The most-used account is the HELPLINE (1-800-422-8463), a Troy-based centermost that takes an boilerplate of 20,000 calls per ages and is accessible six canicule a anniversary to acknowledgment questions and accommodate educational support.
Nationwide is the largest2 provider of public-sector retirement affairs in the United States. Its retirement affairs business serves added than 2.1 actor retirement plan participants in about 39,000 plans. This month, the business acclaimed extensive $100 billion in assets beneath management.
Visit www.NRSforU.com for added advice about the casework and accoutrement that Civic provides to public-sector plan sponsors and participants.
1NAGDCA, Accessible Area Defined Contribution Plan Survey Report, March 2015, http://www.nagdca.org/dnn/Portals/45/Surveys/2015 NATIONAL SUMMARY 3.26.pdf
2Nationwide ranks aboriginal in absolute cardinal of 457 affairs administered, PLANSPONSOR 2014 Recordkeeping Survey.
Nationwide, a Fortune 100 aggregation based in Columbus, Ohio, is one of the better and arch adapted allowance and cyberbanking casework organizations in the U.S. and is rated A by both A.M. Best and Standard & Poor’s. The aggregation provides a abounding ambit of allowance and cyberbanking services, including auto, commercial, homeowners, acreage and activity insurance; accessible and clandestine area retirement plans, annuities and alternate funds; cyberbanking and mortgages; pet, motorcycle and baiter insurance. For added information, appointment www.nationwide.com.
Nationwide, the Civic N and Eagle and Civic is on your ancillary are account marks of Civic Alternate Allowance Company. © 2015 Nationwide
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