Get Ready to Enroll

Enroll

It’s easy to participate with Nationwide® in your employer’s 403(b) retirement plan. You can get started right away.

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Why Enroll Now?

If you’re not already investing for retirement, it’s time to get started. Your pension and Social Security benefits may not provide enough retirement income for you to live the way you want to in retirement.

With your Defined Contribution 403(b) Retirement Plan, you decide when, where and how much to invest. And that’s just the beginning — here are three more reasons why it’s smart to participate in a 403(b) plan with Nationwide:

  1. You can start anytime — Your defined contribution plan may work for you whether you’re approaching retirement or just getting started saving. This is because time and compounding could potentially work together to help build momentum for your money. The sooner you start, the more you could have at retirement.
  2. Something is better than nothing — Even a little bit of savings can really add up over time. And if you continue to bump up contributions on a regular basis, the overall impact to your paycheck may not seem too painful. Consider putting raises or bonuses into your 403(b) plan — it’s an easy way to save a little more.
    • Use the Future Value Calculator to see how delaying enrollment could impact your savings.
    • Talk to your Financial Advisor about the benefits of consolidating your eligible retirement plan accounts with your 403(b) plan.
  3. Service you can count on — Nationwide is a Columbus, Ohio based company and has been helping private and public sector employees save for retirement for more than 30 years. So we know the kinds of questions you may have about your plan. We’ll give you the tools and information to help you feel confident about investing for retirement. Keep in mind that investing involves market risk, including possible loss of principal, and there’s no guarantee that investment objectives will be achieved.

Get the help you need

The sooner you enroll, the more you can save. Take a look at the Enrollment Checklist for tips on what you'll need to have handy and speak with your Financial Advisor to enroll today.

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What are my Investment Options?

Keep in mind that investing involves market risk, including possible loss of principal. As you get started in the plan, we’ll help you understand market risk and strategies that may help you deal with it.

Help me do it

If you want to be involved but want some help along the way, consider target maturity funds. You select an asset mix aligned to the time frame in which you plan to retire.* Or work with your financial advisor to select funds from a variety of asset classes and fund menus.

I'll do it by myself

If you want to do it on your own, go for it. You will have a selection of core funds to choose from or, once you enroll and establish online access, a Nationwide Fund Window allows you to research and choose additional funds that you may consider as part of your investment options.**

Get the help you need

Talk to a Financial Advisor about your investment options.


*Target Date Funds invest in a wide variety of underlying funds to help reduce investment risk. So, in addition to the expenses of the Target Date Funds, you pay a proportionate share of the expenses of the underlying funds. Target Maturity Funds are designed for people who plan to withdrawal funds during or near a specific year. Like other funds, target date funds are subject to market risk and loss. Loss of principal can occur at any time, including before, at or after the target date. There is no guarantee that target date funds will provide enough income for retirement.

**Please note that the investment options offered through Nationwide’s Fund Window have not been individually selected and are not monitored by the Plan Representative. Nationwide does not monitor the funds offered through Fund Window. These investment options may require investment expertise and/or professional management advice to prudently manage. In addition, some of these investment options may have higher Nationwide asset fees than the designated investment options. Nationwide does not make recommendations or give investment advice.

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Enrollment Checklist

It only takes a few minutes to sign up. Here are some things you'll need:

Get the help you need

We’ve been helping private and public sector employees save for retirement for more than 30 years. Once you are enrolled you can use our participant website to manage your account and our interactive voice response phone system. Speak with your Financial Advisor to enroll today.

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How Does it Work?

A Defined Contribution 403(b) Retirement Plan allows university employees like you to put aside money from each paycheck toward retirement. Remember, investing involves market risk, including the possible loss of principal. A 403(b) plan with Nationwide can help bridge the gap between what you may receive in Social Security, and how much you’ll need in retirement. Your employer allows you to make Roth contributions to your 403(b) retirement account.

Here are some frequently asked questions about the Defined Contribution 403(b) Retirement Plan:

  • What sets a 403(b) apart from other retirement plans? A 403(b) may offer benefits other retirement plans can’t, like penalty-free withdrawals once you stop working for your employer. Withdrawals are taxed as regular income in the year that payments are made to you.
  • What does tax-deferred mean? Basically, you don’t pay income taxes on your defined contribution plan contributions or earnings until you retire and/or begin to take payments from your account. This may lower your taxable income now – if you take income at that time it would not lower your taxable income.
  • How much should I put in my account? If you're unsure, you can use our tools to help decide how much to contribute, what funds to choose and how to use your money when you retire. To see the big picture of how much income is needed in retirement, use the My Interactive Retirement PlannerSM. Also, review the IRS current contribution limits to understand how much you’re permitted to contribute to your plan.  
  • Can I combine retirement accounts? Your Financial Advisor will work with you to combine, or consolidate your eligible retirement accounts into your 403(b) retirement account. This may make managing your investments a little easier.

    Qualified retirement plans, defined contribution plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Assets rolled over from your account(s) may be subject to surrender charges, other fees and/or a 10 percent tax penalty if withdrawn before age 59½.
  • What is a Roth contribution? Roth contributions to your retirement account are made after income taxes are withheld from your paycheck. These contributions do not reduce your current taxable income; however, withdrawals during retirement are typically income tax-free.

    This option can be attractive to younger employees who don't intend on retiring for many years, to employees who expect their tax rate to increase when they retire, and to investors who want the option of making income tax-free withdrawals during retirement. Note: If withdrawn before five years, investment earnings are subject to tax and a possible 10% early withdrawal penalty.

Get the help you need

The sooner you enroll, the more you can possibly save. Take a look at the Enrollment Checklist to see what you’ll need to have handy to begin saving for retirement. Speak with your Financial Advisor to enroll today.

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Set up Online Access

Once you enroll, you’ll want to set up online access so you can view account details 24/7. We offer convenient, secure account access with encryption and firewall protection.

If you’re already enrolled, it’s easy to set up online access. It takes just a few minutes. To get online access, you'll be asked to:

  • Verify your identity for security purposes
  • Set up your online account
  • Set your preferences and agree to the terms and conditions

Set Up Online Access Now

Here are some things you can do once you have online access to your account:

Manage your account

  • Check your account balance
  • Update your personal information
  • Get current and past statements

Manage your money

  • Verify your contribution dates and amounts
  • Change how your money is invested
  • Review available investment options, see fund performance and research funds
  • Sign up to have your account automatically rebalanced through our Automatic Asset Rebalancing (AAR) feature

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