Target market

Nationwide Retirement Flexible Advantage Foundations is designed for plan sponsors who are looking for a simple, streamlined experience with features to help satisfy their investment fiduciary needs.

Product details

  • Plan types:
    • 401(a) - such as 401(k), profit sharing and money purchase
    • ERISA 403(b)
    • 457(b) for 501(c)(3) organizations
  • Expenses:
    • Program expense: Pays for plan services including online access, educational materials, employee statements, transaction processing and employee records maintenance
    • Fund expense: Pays for professional management of the underlying mutual funds; it's calculated as a percentage that varies by fund
    • Administration expense: Pays for plan testing, compliance and filing services
  • Trust and custodial services:
    • Nationwide Trust Company, FSB will serve as custodian or directed trustee of plan assets
  • Account access:
    • INQUIRE: Toll-free, voice-response system
    • Interactive employee website
    • Web access for you: Participant and plan-level information
    • Dedicated call centers for plan sponsors and participants

Key features1

1 Not all offerings approved for use with all broker/dealers.

2 The investment options offered through Nationwide's Fund Window have not been individually selected and are not monitored by the plan representative. Nationwide does not monitor the funds offered through Fund Window.

Restrictions may apply to exchanges if the plan is utilizing a third-party money manager. Transfers out of this contract to other funding providers are also subject to certain limitations. Specific information regarding these restrictions, as well as other fees and charges, are detailed in the contract.

Nationwide Investment Advisors, LLC (NIA) provides investment advice to plan participants enrolled in Nationwide ProAccount. NIA is an SEC-registered investment adviser and a Nationwide affiliate.

NIA assesses participants an asset-based fee for the managed account services.

Retirement products are offered by Nationwide Trust Company, FSB or Nationwide Life Insurance Company.

Nationwide Retirement Flexible Advantage, Nationwide ProAccount and My Interactive Retirement Planner are service marks of Nationwide Mutual Insurance Company.

Fixed investment choices

  • Nationwide Fixed Select Contract1 [for 401(a)/401(k)]
  • Nationwide Retirement Advisor Fixed Contract [for 403(b)]

Additional options

1 The following competing funds cannot be offered with the Nationwide Fixed Select Contract: stable value collective funds, other fixed annuity products, money market funds, certain bond and index funds, and the Nationwide Bank® FDIC Insured Deposit Account.

2 Not all offerings approved for use with all broker/dealers.

Nationwide Fixed Select Contract is a service mark of Nationwide Mutual Insurance Company.

Illustrations

Business tools

Client calculators

Social Security 360 and Nationwide Fiduciary Series are service marks of Nationwide Mutual Insurance Company.

Investment professional use only

Approved for use with plan sponsors
Neither Nationwide, nor its affiliates, unless affirmatively communicated in writing to the contrary, are undertaking to provide impartial investment advice or to give advice in a fiduciary capacity.

Nationwide Retirement Flexible Advantage® Foundations Retirement Plans Program

Product Information

  • Designed for startup plans to those with less than $1 million in assets
For plan sponsors who are interested in:
  • A simple, streamlined experience
  • Delegating investment fiduciary service to a third party
  • A pre-selected fund lineup that meets a third-party fiduciary evaluation of performance and cost
A turnkey retirement platform
Required: Choice of following:
  • Nationwide ProAccount: A managed account option for participants
  • Nationwide Investor Destinations Moderate Fund
  • TIAA Target Date Fund series
Program options
Supported plan types
  • 401(a) plans such as 401(k), profit sharing and money purchase
  • ERISA 403(b)
  • 457(b) for 501(c)(3) organizations
Fees and expenses
  • Investment platform: Recordkeeping of assets, online and mobile services, and servicing support
  • Financial professional expense: Provides for consultation services and support individualized for the plan
  • Administrative expense: Provides for initial setup, plan testing, compliance and filing services
Participant and plan support
  • The Nationwide Solutions Center provides DALBAR Award-winning participant service4 from 8 a.m. to 11 p.m. Eastern Time weekdays and 9 a.m. to 6 p.m. ET Saturdays
  • The Retirement Resource Group® offers participant support by providing a comprehensive financial review at no cost
  • The Retirement Readiness experience gives participants an online picture of how they are tracking toward their personal financial goals
Participant Engagement Program
  • Connects with participants throughout the year
  • Provides valuable content and tools
  • Helps drive better retirement outcomes
  • Improves plan health

Trust and custodial services: Nationwide Trust Company, FSB, will serve as custodian or directed trustee of plan assets.

FIDUCIARY SERVICES

IRON Financial

With more than 20 years of experience as a financial professional for qualified retirement plans, IRON Financial selects, monitors and replaces core investments for Flexible Advantage Foundations based on performance and cost criteria:
  • Manages funds to the Investment Policy Statement
  • Executes quarterly fiduciary reporting
  • Performs due diligence reviews of Nationwide ProAccount

OPTIONAL CUSTOMIZATION
2 Nationwide fixed options are available for those participants seeking a guaranteed rate of return in exchange for less investment risk:

A managed account option is available for those participants who want help in deciding where to invest their money and in rebalancing investments over time.

It can be added to Foundations at no additional cost to the plan sponsor.5

Nationwide PROACCOUNT

In addition to the established core lineup, participants can choose from any of over 1,500 funds available at Nationwide.

Fund Window is available at no additional cost to the plan or its participants and reduces fiduciary responsibility when participants choose investments outside of the plan's fund lineup.

Partner fund families

In 1982, we first introduced the concept of offering multiple funds from some of the nation's best-known fund families all in one customized package.
And that was just the beginning.

We offer investment options from known and respected brands, including these:
American Century Investments Capital Group American Funds BlackRock
Federated Fidelity Investments J.P. Morgan Asset Management
nuveen A TIAA Company Oppenheimer Funds

The fund families shown above and Nationwide are not affiliated entities.

Proposals and Forms

Please contact your plan administrator or the Nationwide Solutions Center at 1-800-626-3112, option 1, with any form requests.

Client-Approved Materials

SEE ALL

Retirement education for plan sponsors and participants

Our Retirement Readiness experience helps you help your plan sponsor and their employees to break down and simplify retirement planning. Nationwide provides simple, easy-to-understand ideas to consider in order to lessen the potential gap between projected retirement income and anticipated retirement need. The experience is simple and actionable.

Plan sponsor experience

Participant experience

Financial Professional-Only Materials

THE OPPORTUNITY
Only about half of small and midsize businesses currently offer retirement accounts to their employees.⁶

The recently passed Setting Every Community Up for Retirement Enhancement (SECURE) Act incentivizes these businesses to create retirement plans for their workers, offering a potential tax credit for establishing a qualified retirement plan.

THE SOLUTION

The services included in a straightforward, streamlined retirement plan program such as Flexible Advantage Foundations could help ease small-business owners' concerns about recordkeeping, administration and fiduciary responsibilities.

[1] Not all offerings are approved for use with all financial professionals/brokers/dealers.
[2] The investment options offered through Nationwide's Fund Window have not been individually selected and are not monitored by the plan representative. Nationwide does not monitor the funds offered through Fund Window.
[3] The following competing funds cannot be offered with the Nationwide Fixed Select Contract: stable value collective funds, other fixed annuity products, money market funds, and certain bond and index funds.
[4] DALBAR Plan Participant Service Award (2014-2019).
[5] Participants who elect to enroll in ProAccount are charged an investment advisory fee as more fully described in NIA's Form ADV Part 2A.
[6] "Employer Barriers to and Motivations for Offering Retirement Benefits," The Pew Charitable Trusts,
https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2017/06/employer-barriers-to-and-motivations-for-offering-retirement-benefits (June 2017).

Restrictions may apply to exchanges if the plan is utilizing a third-party money manager. Transfers out of this contract to other funding providers are also subject to certain limitations. Specific information regarding these restrictions, as well as other fees and charges, are detailed in the contract.

Nationwide Investment Advisors LLC (NIA) provides investment advice to plan participants enrolled in Nationwide ProAccount. NIA is an SEC-registered investment adviser and a Nationwide affiliate.

NIA assesses participants an asset-based fee for the managed account services.

Neither Nationwide nor its affiliates, unless affirmatively communicated in writing to the contrary, are undertaking to provide impartial investment advice or to give advice in a fiduciary capacity.

Retirement Resource Group includes Retirement Specialists and Personal Retirement Counselors. Retirement Specialists are registered representatives of Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, OH. The information they provide is for educational purposes only and is not legal, tax or investment advice. Personal Retirement Counselors are registered representatives of Nationwide Securities LLC, member FINRA, SIPC. DBA Nationwide Advisory Services LLC in AR, CA, FL, NY, TX and WY.

Nationwide Retirement Flexible Advantage, Nationwide ClearCredit, Nationwide Fixed Select Contract and Nationwide ProAccount are service marks of Nationwide Mutual Insurance Company. The Best of America, Retirement Advisor and My Interactive Retirement Planner are service marks of Nationwide Life Insurance Company.