Nationwide Unveils Public Plan Fiduciary Product

September 16, 2003 ( - Government plan sponsors now have another place to turn to get helpful tips about how to better fulfill their fiduciary responsibilities.

Nationwide Retirement Solutions has opened the curtain on its Fiduciary Fundamentals program, designed to help educate its 8,200 public-sector plan sponsors. According to a news release, Nationwide’s product is one of the first designed to specifically educate government-sector employers about their fiduciary responsibilities associated with offering defined contribution plans.

According to the firm, the product includes help in identifying plan fiduciaries and understanding basic fiduciary responsibilities, and includes a discussion of investment policy statements and participant education to help public employers be aware of best practices used to fulfill their fiduciary roles. The program includes print and electronic material as well as an interactive workshop designed for both small and large group audiences.

The announcement said Nationwide representatives located throughout the country are available to provide a workshop program to governing boards, committees, and others to help them understand the fiduciary role of a government plan sponsor.   The handbook includes various tools that can be used as an ongoing reference as questions arise.