RE:NACo 457 Deferred Compensation Program

Dear:

I am writing on behalf of the XXX Association of Counties to tell you about a program that the Association endorses that helps county employees save for their retirement. The Section 457 Deferred Compensation Program is also endorsed by the National Association of Counties and is administered by Nationwide Retirement Solutions (NRS). [optional language – If your county already participates in our Program, thank you – please take a few minutes to refresh yourself on our Program’s benefits.]

Our relationship with NACo and Nationwide Retirement Solutions began more than 32 years ago when we started a Program designed exclusively for county employees to voluntarily save for their retirement years. Today, I am proud to tell you that over 2,900 counties and county special districts participate in our Program throughout the country representing more than 355,000 county employees.

I’d like to tell you about the features of our program that distinguish it from programs offered by others.

  1. NACo maintains oversight of this program through its staff and its Deferred Compensation Advisory Committee.
  2. NACo and NRS partner withxxx and 36other state associations of counties to provide competitive products and administration to participating counties.
  3. NACo’s program is the only program that includes oversight by an advisory committee composed of representatives of participating counties from around the country. NACo’s Deferred Compensation Advisory Committee meets at least three times a year to review program activities and results, consult on retirement education concerns, and provide market development and marketing advice.
  4. On an annual basis, NACo hires an independent 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. An independent consultant also conducts an annual creditworthiness test that looks at rankings given by independent rating agencies. In the most recent test, Nationwide was found to be a strong, stable insurer.
  1. NACo and the Advisory Committee oversee regular marketing surveys that Nationwide conducts for the Program to help determine areas for improvement.

I am not aware of any other program that offers this level of oversight and conducts these types of analyses. The nearly 3,000 entities that participate in the NACo program may benefit from these unique features.

Please call xxxx if you have any questions.

Sincerely,

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 RMA and NACo RMA LLC are each a Registered Municipal Advisor and do not recommend the purchase or sale of securities and do not hold or maintain funds or securities. NACo RMA and NACo RMA LLC act as third party marketers/solicitors. NACo RMA receives fees from NRS for such services. The (fill in name of state association) is a member of NACo RMA LLC.

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