In reaction to this COVID-19 pandemic, Nationwide Retirement Plans has declared a brand new fee-waiver plan to provide temporary financial relief to programs which proceed to Nationwide in 2020.
“We recognize families, companies and people are facing fiscal challenges now because of this outbreak, and we are here to support plan sponsors and their participants to help alleviate their burden through these tough times,” explained Eric Stevenson, president of Nationwide Retirement Plans. “we would like to assist companies to balance the expenses of offering retirement programs together with the very important requirement for their workers to get ready for a safe retirement — a struggle that’s been exacerbated by current market volatility and uncertainty
“The fee waiver can be found on Nationwide‘s Flexible Advantage retirement program. If eligibility criteria are satisfied, Nationwide will reevaluate its part of the program’s strength fee for 90 days by the confidence effective date. Additional charges will still apply.