Understanding Your Fiduciary Obligations

As a plan sponsor, you would be a plan fiduciary with certain fiduciary obligations imposed by law. Meeting these obligations may seem intimidating at first, but it does not have to be.

Nationwide can provide several fiduciary tools to help you understand the fiduciary obligations involved in sponsoring and maintaining a retirement plan.

Key among the resources we provide is The Nationwide Financial Fiduciary SeriesSM.

The Series* is designed to help plan sponsors understand the fiduciary obligations imposed by the Employee Retirement Income Security Act of 1974 – commonly known as ERISA.

This comprehensive collection of print and web-based resources contains such customizable online tools as:

• The Model Investment Policy Statement Template to help you draft a written statement providing guidelines and standards that plan fiduciaries will use when selecting and monitoring the plan’s investment options and service providers
• A checklist of requirements that plan fiduciaries follow if the plan is designated as an ERISA Section 404(c) plan
• The Fiduciary Responsibility Success Quiz to test your understanding of your fiduciary obligations
• The Q&A Brochure to assist in communicating retirement plan information to your employees
• The Due Diligence File Checklist to help ensure you are investigating and documenting plan-related decisions
• The Plan Fiduciary Meeting Checklist to help you document the activities and decisions made of any plan fiduciary meetings
• Your Quarterly Plan Checkup that provides an overall view of the activity of your plan each quarter

Taking the next step
Learn more about Nationwide retirement plans by calling 1-888-262-401k.

*The Nationwide Financial Fiduciary Series is general in nature and is not intended to constitute legal or investment advice on any particular matter. Neither Nationwide nor any of its representatives provide tax, financial or legal advice. The Nationwide Financial Fiduciary Series is not for participant use.

The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities and trust programs. The unregistered group fixed and variable annuities are issued by Nationwide Life Insurance Company. Trust programs and trust services are offered by Nationwide Trust Company, FSB a division of Nationwide Bank®. Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.