drakecohen Posted September 23, 2022 Posted September 23, 2022 Thinking about working with Nationwide as a TPA for 401(k) plans. Does anybody have comments on pros and cons of working with them versus other platforms.
Riley Britton Posted September 26, 2022 Posted September 26, 2022 I find them very easy to work with. Their website is user friendly and they have great reports. No cons.
msmith Posted September 26, 2022 Posted September 26, 2022 They are very helpful. However, I find their website to be rather cumbersome.
Lou S. Posted September 26, 2022 Posted September 26, 2022 My experience with them has been mostly positive. The pros are they are responsive and they give you a lot of leeway to correct client mistakes without giving you much grief to do so. The cons are they typically expect you to do more than some other custodians with respect to supporting the client and processing information. But overall I wouldn't have a problem recommending them. As a side note though it does seem they have tried to price themselves out of the really small plan market with their most recent pricing model so your target market might have an impact on how you view Nationwide v other providers. hr for me 1
hr for me Posted September 27, 2022 Posted September 27, 2022 I've used them on the client side and like them better than some others I have used. I found their employer side website to be friendly, although sometimes their reporting had to be tweeked to use the right transaction dates needed (pay date vs transaction date for example). I'd recommend them to a smaller client.
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