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Council adopts State of Indiana deferred-compensation agreement with Nationwide
Summary
The council unanimously adopted a resolution and signed an employer adoption agreement to make the State of Indiana deferred compensation plan (HoosierStart) available to town employees through Nationwide, citing lower fees and administrative assistance to town staff.
The Newburgh Town Council voted Wednesday to adopt the State of Indiana’s deferred-compensation plan, referred to in meeting materials as HoosierStart, and to execute a participating-employer adoption agreement with Nationwide.
Deputy Town Manager Andrea Balboni explained the action: Newburgh already offers a Nationwide deferred…
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