Nationwide Financial has developed a 408(b)(2) Solutions Kit to help retirement plan sponsors and advisors comply with fee disclosure regulations that will take effect July 1.
The kit offers a solutions guide that outlines the different tools and services Nationwide provides for use with plan sponsors to help them understand and comply with the new requirements. It also provides a summary of the specific requirements as outlined by the Department of Labor, along with a summary to help plan fiduciaries understand their responsibilities for reviewing the reasonableness of the fees paid to service providers.
Advisors will receive a handbook with pointers they can use in conversations with plan sponsors to clearly explain the services they provide that add value to their retirement plan.
Recommended For You
Nationwide also will provide regular updates to retirement plan advisors on its 408(b)(2) resources via emails and conference calls.
"Nationwide understands plan sponsors will be depending on their advisors to help them navigate and comply with the upcoming regulatory changes that affect their plan and its participants," said Anne Arvia, president of Retirement Plans for Nationwide Financial. "We're dedicated to equipping advisors with resources like the Solutions Kit to help their clients understand and comply with the new regulations."
Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the United States.
© 2025 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.
