Targets for the new venture will be companies, either without plans, or those with existing plans containing $2 million or less in assets, according to a news release from the companies.
Sun is expected to sell the co-branded plans through SunTrust Securities, its registered broker-dealer affiliate.
Nationwide’s The BEST of AMERICA retirement plans include 45 investment options. To help provide participant education, the two companies created a new Web site.
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