Report Helps Sponsors Manage Plan Risk

March 13, 2006 ( - Nationwide Financial has introduced Quarterly Plan Checkup, a free electronic report that helps plan sponsors manage their fiduciary risk.

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.