May 23, 2012 --- Nationwide Financial unveiled a 408(b)(2)
Solutions Kit to help clients adapt to the Department of Labor (DOL) fee
disclosure regulations, which take effect July 1. ---
Designed for retirement
plan advisers, the Solutions Kit has a guide
that outlines Nationwide's tools and services to use with
plan sponsors to help them understand and comply with the requirements.
Other features include:
Summary of the
Summary to help plan
fiduciaries understand their responsibilities for reviewing the reasonableness
of the fees paid to service providers; and
Pointers advisers can use with plan sponsors to explain the services they provide that add value to their retirement plan.
Nationwide also has created an Employee Retirement Income Security Act (ERISA) and Regulatory
Online Resource where advisers can have their questions answered by the company’s
"Nationwide understands plan sponsors will be depending on their advisers
to help them navigate and comply with the upcoming regulatory changes that
affect their plan and its participants," said Anne Arvia, president of
Retirement Plans for Nationwide Financial.