Newsletter Highlights Legislative and Regulatory Changes Impacting Retirement Plans
COLUMBUS, Ohio–LAWFUEL – Legal News Network –With the passage of the Pension Protection Act and numerous legislative provisions impacting retirement plans in 2007, plan administrators will be expected to keep pace with a rapidly changing regulatory environment. Nationwide Financial Services, Inc. (NYSE:NFS) has developed Legislation Made Real, a free, periodic newsletter for Nationwide-affiliated plan administrators highlighting legislative, regulatory and administrative changes.
“Nationwide recognizes that retirement plan legislation can be complex, even overwhelming, for retirement plan professionals who already have so much on their plates,” said Karen Eisenbach, vice president of retirement plans marketing for Nationwide Financial. “This new resource is designed to keep administrators up-to-date with the regulatory landscape and arm them with information they need to successfully manage their retirement plans.”
Legislation Made Real was developed in partnership with McKay Hochman Co., Inc., a division of Newkirk Products Inc., a leading provider of qualified plan documents, newsletter services and retirement education services. Each edition will provide timely, easy-to-understand explanations of the various provisions and useful tips on implementing necessary changes to ensure plans are in compliance.
“We are very pleased Nationwide has chosen McKay Hochman to assist in keeping their plan administrators and staff informed,” said Rich Hochman, president and chief operating officer. “This newsletter is a great example of professional retirement plan education and the importance of providing administrators with the resources they need to help their clients make informed decisions regarding their retirement plans.”
From proposed default investment rules to participant statement requirements, Legislation Made Real prepares plan administrators and plan sponsors for important changes in the coming year. For more information, plan administrators should contact their Nationwide account manager toll free at 800-548-6436 option 3.
About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE:NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 98 on the Fortune 100 based on 2005 revenue2. To obtain investor materials, including the Company’s 2005 Annual Report to Shareholders, 2005 Annual Report on Form 10-K, quarterly statistical supplements and other corporate announcements, please visit the investor relations section of the Company’s Web site at www.nationwide.com.
Nationwide, Nationwide Financial and the Nationwide Framemark are federally registered service marks of Nationwide Mutual Insurance Company. On Your Side is a service mark of Nationwide Mutual Insurance Company.
About McKay Hochman
McKay Hochman, a division of Newkirk, is one of America’s most respected and recognized consulting firms serving the employee benefits field. Since 1979, the firm has built its reputation as an innovator in developing unique products and technical services to help clients establish and administer IRS-approved retirement plans. In addition, McKay Hochman has created a niche as an expert prototype plan Mass Submitter serving financial institutions, attorneys, accountants, and consultants from Maine to California plus Alaska and Hawaii. For more information call 973-492-1880 or visit www.mhco.com.
1 Nationwide Investment Services Corporation, member NASD. In MI only: Nationwide Investment Svcs. Corporation.
2 Fortune Magazine, April 2006