Hands-off, Hands-on or Somewhere in Between – We Offer Options
All plan participants are different when it comes to how they want to handle their accounts. Some want a hands-on approach; others want investments to be managed for them while others prefer a mix of the two.
That’s why we encourage you to consider offering a range of options – with no additional expenses to you as the plan sponsor.
Nationwide ProAccount® was designed for participants who prefer the convenience of having their accounts managed by a professional money manager. Unlike some managed account programs, there’s no minimum account value requirement to enroll in a Nationwide ProAccount.
- Professional investment managers make informed decisions based on participants’ retirement age and risk profile
- Periodic communication and updates
- Professional research and analysis on your behalf
Nationwide Investment Advisors and Wilshire Associates perform these essential steps to manage the portfolios and help keep participants’ retirement plan accounts on track.
Participants who enroll in a Nationwide ProAccount are charged an annual fee of up to 1% of their ProAccount assets, which is in addition to any asset or service fees they may incur through the Nationwide retirement program and any management fees, charges or expenses associated with each investment option.
Wilshire Associates Incorporated (“Wilshire®” or “Wilshire Associates”) is not an affiliate of Nationwide or Nationwide Investment Advisors, LLC (NIA). NIA has retained Wilshire Associates Incorporated as the Independent Financial Expert for Nationwide ProAccount. Wilshire Funds Management, a business unit of Wilshire Associates, uses mathematical and statistical investment processes to allocate assets, select investment options and construct portfolios in ways that seek to outperform their specific benchmarks. Such processes may not achieve the desired results. Wilshire® is a registered service mark of Wilshire Associates Incorporated, Santa Monica, California. All other trade names, trademarks and/or service marks are the property of their respective holders.
Target Date Funds are portfolios that adjust allocations based on a target retirement date and give participants a “little of both” approach to saving for retirement.
They are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Target Date Funds, an investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds.
It’s important to remember that no strategy can assure a profit or prevent a loss in a declining market; the principal value is not guaranteed at any time including the target date. Investing involves risk, including loss of principal. When redeemed, the amount received may be less than the amount invested.
Investor Profile Funds build a portfolio that invests for a specific risk level from conservative to aggressive mixes.
The portfolio is rebalanced periodically to maintain the desired risk level.
The Self-Directed Option offered through Charles Schwab & Co., Inc. is designed for participants who want a greater role in selecting their investments and managing their accounts.
Should you elect to offer this option, participants can choose from an array of investment vehicles that cover all asset classes.
Brokerage services for the Self-Directed Brokerage Account (SDBA) are provided by Charles Schwab & Co., Inc.