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Benefits February 22, 2007
Nationwide Says Education Tools Help Boost Roth 401(k) Participation
February 22, 2007 (PLANSPONSOR.com) - Nationwide
Financial Services, Inc. said that the assets in the Roth
401(k) plans it administers have jumped from $3 million to
$18.5 million since May 2006.
Reported by Adrien Martin
According to a company press release, the number of plans offering this option has risen 580% since May 2006, from 382 to more than 2,600 plans.
The company attributes the substantial increase in the participation to the educational materials on Roth 401(k) plans it offers to investment professionals, plan sponsors and plan participants.
For instance, Nationwide offers an online program – the Roth Retirement Plan Analyzer – that helps participants decide if the plan would work for them. With the product, visitors to the site can run “what if” scenarios to see if they might benefit from the plans, including a comparison to 401(k) investments.
To learn more about the Roth 401(k) option, visit the Roth Retirement Plan Analyzer under the tools section of the investments and retirement page at www.nationwide.com .