Nationwide Retirement Solutions, a subsidiary of Nationwide Financial Services, has been chosen as the retirement plan provider for the San Diego County Deferred Compensation Program.
Once finalized, Nationwide will provide plan administration, record keeping, and participant education services for the next three years with two optional one-year extensions.
The county currently has more than $768 million in assets in its deferred compensation plans and has approximately 18,000 employees.
Nationwide will provide local service and support to the plan by staffing an office in San Diego and providing bi-lingual services to help serve all plan participants.
Dan McAllister, treasurer-tax collector and plan administrator of the San Diego County, said: The selection of Nationwide was made after an extremely thorough and objective procurement process that took nearly one year to complete. We are confident that Nationwide will provide our participants and employees with best-in-class services at the most reasonable cost.