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Nationwide tells committee Sacramento deferred-comp plans approach $889 million; rollovers drive most outflows
Summary
Nationwide reported the city's deferred-compensation plans ended the quarter near $889 million, with distributions of about $12 million and rollovers accounting for roughly $7.2 million. The committee discussed education and targeted marketing to retain assets.
Nationwide presented the fourth-quarter report to the Good Defined Contribution Plans Committee on March 18, reporting positive market gains and raising retention concerns as rollovers accounted for more than half of distributions for the period.
"The plan ended roughly $889,000,000 as of the end of the year," Nationwide’s presenter said, walking the committee through quarter-by-quarter activity, participation statistics and plan-level trends. Nationwide reported roughly $12 million in distributions for the quarter; about $7.2 million of that total was…
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