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Clallam County moves to select Nationwide as deferred-compensation record keeper; committee cites participant tools and fees
Summary
A county committee recommended consolidating multiple deferred-compensation record keepers into a single vendor, favoring Nationwide for participant tools and potential fee savings; commissioners will consider a resolution Feb. 4.
Clallam County staff and an outside consultant recommended on Jan. 27 that the county move forward with Nationwide Retirement Solutions as the county's consolidated deferred-compensation record keeper, pending the commissioners' formal vote at the Feb. 4 regular meeting.
The recommendation followed an RFP process run with Multnomah Group. David Williams of Multnomah Group told commissioners the benefits of consolidation include scale-driven fee reductions and consistent services for participants. "More assets typically provide scale from a purchasing standpoint," Williams…
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