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Nationwide reports rising balances, strong quarter for San Joaquin County deferred comp plan
Summary
Nationwide presented third-quarter plan statistics to the San Joaquin County Deferred Compensation Advisory Committee, reporting roughly $667 million in combined plan assets, 7,757 participants, growth in average balances and rising Roth adoption. Online enrollment and e-delivery rates exceeded benchmarks.
Nationwide presented its third-quarter program status to the San Joaquin County Deferred Compensation Advisory Committee on Nov. 7, reporting growth in participant assets, continued contributions into target-date funds and rising electronic engagement.
Key numbers and participant metrics: Nationwide reported approximately $667,000,000 in combined plan assets for the county—s deferred compensation programs (457 and 401(a)) as of Sept. 30. The 457 plan had 7,757 participants with an average account balance above $80,000. Roth after-tax adoption continued to grow:…
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