Nationwide Offers Participants Access to Retirement Readiness Report
COLUMBUS, OH, June 6, 2017 -- Planning for retirement can be challenging with only 22 percent of retirement plan participants stating they feel very prepared for retirement, and less than half say they have attempted to estimate their retirement income needs. To help participants, Nationwide is offering participants access to a personalized Retirement Readiness Report, designed to help them easily understand if they are on track to meet their retirement goals and take action to improve their retirement outlook.
By answering a few simple questions, participants will see a total picture of their retirement readiness along with suggested actions to consider. Each report provides a comprehensive look at an individual's retirement income picture by including Social Security benefits, pension benefits, spousal assets and other applicable retirement assets. It then identifies potential income gaps and provides next steps to consider, such as increasing contributions, reviewing investment options or talking with a financial professional.
"Nationwide understands the retirement challenges America's workers face, and has the expertise and experience to help them address those challenges." said Eric Stevenson, senior vice president of retirement plan sales for Nationwide. "This report, along with the educational services Nationwide provides to participants, helps simplify the retirement income picture so participants can quickly see and understand their unique situation."
The new report builds on Nationwide's award-winning digital capabilities and utilizes a fully responsive mobile design that allows participants to use their device of choice for additional ease and greater accessibility.
Later this summer, Nationwide will begin offering additional plan level reports to plan sponsors and advisors. These reports will help plan sponsors and advisors better understand how prepared their participants are, so they can partner with Nationwide to drive improved plan health and retirement outcomes.
"Nationwide has a long history of supporting its plan sponsor and advisor clients with the tools, resources and digital capabilities they need to help participants prepare for and live in retirement. The Retirement Readiness Report is another example of our commitment to improving the retirement planning process through customized support," added Stevenson.
Nationwide has proudly served the retirement planning needs of America's employers for more than 40 years and is one of the largest providers of retirement plans with $120 billion in assets under management.
For more information, please visit www.nationwide.com/myretirement or contact a Nationwide representative.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor's. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.
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 Nationwide Participant Messaging Platform and Needs study (Q2 2013).
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