Deferred Comp Recruitment Letter

Deferred Comp Recruitment Letter

DATE

XXXXX

XXXXX,

XXXXXXXXXXXXXXXX

XXXXXXXXXXXXXXXX

Re: A Proven Partnership: The National Association of Counties and Nationwide Retirement Solutions

Dear XXXX XXXX:

I am writing on behalf of the (state association) and the National Association of Counties (NACo) to tell you about a program that the Associations endorsethathelps county employees save for retirement. The NACo Deferred Compensation program is administered by Nationwide Retirement Solutions (NRS).

As a partner with NACo,(State Association) has teamed with NRS to provide competitive market-leading retirement planning products and education for county employees.Iencourage your county to consider being a part of this growing program.

TheNACo and NRSrelationship began more than 33years ago when NACo started a program designed exclusively for county employees to voluntarily save for their retirement years. Today, I am proud to tell you that nearly 3,000 counties and county special districts participate in the program throughout the country and, more than 345,000 county employees participate.

NACo, (state assn. name) and NRS are unified in their mission to help county leaders find better retirement solutions for their employees. That is why NACo has chosen NRS as the exclusive Deferred Compensation Program administrator time after time, and why we have recently renewed the relationship once again. NACo is confidentNRS has the proven experience, financial strength, corporate integrity and public sector focus to serve our members best.

The features of the program that distinguish it from those offered by others:

  1. NACo maintains oversight of this program through its staff and its Defined Contribution and RetirementAdvisory Committee.
  2. NACo and NRS partner with 38state associations of counties to provide products and administration specifically designed for counties.
  3. NACo’s program is the only program that includes oversight by aDefined Contribution and Retirement Advisory Committee (Advisory Committee) composed of representatives of participating counties from around the country. The Advisory Committee meets at least three times a year to review program activities and results, consult on retirement education concerns, and provide other feedback.
  4. On an annual basis, NACo hires a qualifiedindependent consultant to conduct a “competitiveness analysis” of its fixed option. The most recent study reconfirms the findings of previous studies and ranks NRS and the NACo program at the top.
  5. A qualifiedindependent consultant also conducts an annual creditworthiness test that looks at rankings given by independent rating agencies. In the most recent test, NRS’s parent company Nationwide Insurance Co was found to be a strong, stable insurer.
  6. NACo and itsAdvisory Committee also oversee the regularmarketing surveys that NRSconducts for the Program to help determine areas for improvement in working with both county employees and employers.
  7. NACo staff is dedicated to the growth and success of the NACo Deferred Compensation Program. As Executive Director of the (state association), I meet several times a year with the NACo and the NRSteam to assist ourcounties.

I am not aware of any other program that offers this level of oversight and conducts these types of analyses. The ongoing oversight assures that county employees have a program that will help secure their retirement and financial future. The nearly 3,000 entities that participate in the NACo program have the opportunity to benefit from these unique features.

In addition, NACo's Program has recently been expanded with additional options and new educational offerings for plan sponsors. Now is the time to take a new look at the program to see how it might benefit you and your employees.

Should you have any questions, please feel free to contact me at xxx/xxx-xxxx or email me atxxxx.

Sincerely,

(insert name)

Executive Director

cc:

Lisa Cole, NACo

NACo, NACo RMA and NACo RMA LLC do not recommend the purchase or sale of securities and do not hold or maintain funds or securities.

Securities are offered through Nationwide Investment Services Corp. (NISC), a registered broker dealer and a member of FINRA. Nationwide Retirement Solutions (NRS) is a subsidiary of NISC. Retirement Specialists of NRS are Registered Representatives of NISC.

NACo, NACo RMA and NACo RMA LLC are NOT affiliates of Nationwide Investment Services Corp. or Nationwide Retirement Services.