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Nationwide reports modest asset gain, participant growth in Q4
Summary
Nationwide presented the fourth‑quarter report showing plan assets grew from roughly $667 million to $677 million, participants numbered about 7,906, online account adoption rose to 68% and approximately $11 million in contributions were received in the quarter.
Nationwide presented the deferred compensation plan’s fourth‑quarter report at the Feb. 26 meeting, highlighting that plan assets increased from about $667 million at the start of the quarter to roughly $677 million at quarter‑end, a gain of about $10 million.
Nationwide reported 7,906 participants in the plan, an average participant balance of about $85,950, and Roth/after‑tax assets just under $15 million. The firm said about $11 million in new contributions were received during the quarter and roughly $13 million was distributed (about $5.6 million of that due to rollovers). Online account adoption rose to about 68% and beneficiaries on file were about 89%.
Nationwide noted self‑directed brokerage holdings totaled about $2 million across 11 participants, with an average balance near $182,000. The firm will follow up to clarify a possible data anomaly in the Schwab report that showed an unexpected $5 line item.
The committee received the presentation and asked clarifying questions about product options and reporting.
