Nationwide Financial has introduced Nationwide Retirement Innovator Advantage, a new small-plan 401(k) product designed by, and for, retirement plan advisors. The new product is intended to make it easier for retirement plan advisors to sell and service retirement plans by offering a streamlined investment menu and a built-in 3(21) fiduciary service from Morningstar Associates at no additional cost to the plan sponsor.
“We spend a lot of time listening to firms and their advisors, and many articulated a need for a simpler product with a streamlined process,” says Joe Frustaglio, the firm’s vice president of private-sector retirement plan sales. “As a U.S. company, we clearly see and understand the looming retirement crisis Americans face. By delivering customizable and simplified products that help advisors address these complex retirement challenges for participants, we will continue to deliver on our mission of helping America prepare for and live in retirement.”
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