The report provides defined contribution plan sponsors regular updates on investment performance, plan processes and fiduciary responsibilities, the announcement said.
The Quarterly Plan Checkup combines the following reports into one:
- Plan Statement – shows sponsors employee contribution levels, withdrawal and loan activity and rate of return on investments.
- Fiduciary Investment Review – investment analysis that allows plan sponsors and investment professionals to review the diversity and performance of the plan’s investment options.
- Participant Activity – detailed information that helps plan sponsors gauge whether plan participants are fully utilizing the services within their 401(k) plan.
- Best Practices – tips, resources and other market and product information.
Investment professionals who would like more information or want to sign up a plan sponsor client to receive the Quarterly Plan Checkup report, should contact a Nationwide retirement plan consultant at 1-800-626-3112 and select option one.