Nationwide accelerates adoption of in-plan protected retirement solutions with launch of Dynamic Default feature [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Yahoo! Finance
COLUMBUS, Ohio April 24, 2024 /PRNewswire/ -- In 2020, Nationwide led the industry with the launch of an entire suite of in-plan protected retirement solutions to help employer-sponsored retirement plan participants convert their savings into protected income they won't outlive in retirement. Now Nationwide will accelerate adoption of these solutions by being the first in the industry to allow plan sponsors to automatically default participants into a protected retirement solution through Dynamic Default . While many employers are familiar with setting a default investment for participants – Nationwide's dynamic default will allow the employer to select multiple default investment options based on age. In the past year, adoption of Nationwide's in-plan protected retirement solutions has skyrocketed. As of the end of the first quarter of 2024, 6,931 plans offered in-plan protected retirement solutions supported by Nationwide with $4.95 billion in assets under management (AUM) for 64
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SPGI
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- 4/26/24 - Miss
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- 4/25/24 - Form 10-Q
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- SPGI's page on the SEC website