Nationwide Launches Legislation Made Real.Newsletter Highlights Legislative and Regulatory Changes Impacting Retirement Plans COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. -- With the passage of the Pension Protection Act and numerous legislative provisions impacting retirement plans in 2007, plan administrators will be expected to keep pace with a rapidly changing regulatory environment. Nationwide Financial Services, Inc. (NYSE NYSE See: New York Stock Exchange :NFS (Network File System) The file sharing protocol in a Unix network. This de facto Unix standard, which is widely known as a "distributed file system," was developed by Sun. See file sharing protocol and WebNFS. NFS - Network File System ) has developed Legislation Made Real, a free, periodic newsletter for Nationwide-affiliated plan administrators highlighting legislative, regulatory and administrative changes. "Nationwide recognizes that retirement plan legislation can be complex, even overwhelming, for retirement plan professionals who already have so much on their plates," said Karen Eisenbach, vice president of retirement plans marketing for Nationwide Financial. "This new resource is designed to keep administrators up-to-date with the regulatory landscape and arm them with information they need to successfully manage their retirement plans." Legislation Made Real was developed in partnership with McKay Hochman Co., Inc., a division of Newkirk Products Inc., a leading provider of qualified plan documents, newsletter services and retirement education services. Each edition will provide timely, easy-to-understand explanations of the various provisions and useful tips on implementing necessary changes to ensure plans are in compliance. "We are very pleased Nationwide has chosen McKay Hochman to assist in keeping their plan administrators and staff informed," said Rich Hochman, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "This newsletter is a great example of professional retirement plan education and the importance of providing administrators with the resources they need to help their clients make informed decisions regarding their retirement plans." From proposed default investment rules to participant statement requirements, Legislation Made Real prepares plan administrators and plan sponsors for important changes in the coming year. For more information, plan administrators should contact their Nationwide account manager toll free at 800-548-6436 option 3. About Nationwide Financial Nationwide Financial Services, Inc. (NYSE:NFS), a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets Long-Term Assets 1. Reported on the balance sheet, it's the value of a company's property, equipment and other capital assets, less depreciation. 2. A stock, bond or other asset that you plan on holding in your portfolio for a lengthy period of time. , and offers retirement plans and services through both public- and private-sector employers. It's part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. History Beginnings as Farm Bureau Mutual , which is ranked No. 98 on the Fortune 100 based on 2005 revenue2. To obtain investor materials, including the Company's 2005 Annual Report to Shareholders, 2005 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly statistical supplements and other corporate announcements, please visit the investor relations Investor relations The process by which the corporation communicates with its investors. section of the Company's Web site at www.nationwide.com. Nationwide, Nationwide Financial and the Nationwide Framemark are federally registered service marks of Nationwide Mutual Insurance Company. On Your Side is a service mark of Nationwide Mutual Insurance Company. About McKay Hochman McKay Hochman, a division of Newkirk, is one of America's most respected and recognized consulting firms serving the employee benefits field. Since 1979, the firm has built its reputation as an innovator in developing unique products and technical services to help clients establish and administer IRS-approved retirement plans. In addition, McKay Hochman has created a niche as an expert prototype plan Prototype plan A qualified retirement plan sponsored by a financial institution. It may be adopted by executing a written agreement. A prototype is generally more flexible than the IRS Form 5305 or 5305-A and may have additional special features. Also called a master pension plan. Mass Submitter serving financial institutions, attorneys, accountants, and consultants from Maine to California plus Alaska and Hawaii. For more information call 973-492-1880 or visit www.mhco.com. 1 Nationwide Investment Services Corporation, member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . In MI only: Nationwide Investment Svcs. Corporation. 2 Fortune Magazine, April 2006 |
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