Nationwide Retirement Systems 401(k) - Individual Review Summary

If you work for Nationwide Insurance, you might know about the Nationwide Retirement Systems 401K. This company sponsored 401K plan receives mixed reviews here at Viewpoints with a number of pros and cons but no reviewer reacting in a very positive way. The customer service is mentioned as a positve point, but there is little else that reviewers say with much enthusiasm. Nationwide Retirement Systems 401K offers “Pretty Good Investment Options” according to one of the few moderately satisfied 401K enrollees, but another responds with “Nationwide 401K Needs to Communicate Better with Members”. Among the things Nationwide Retirement Systems 401K participants do not like are the changes that have been made to the plan without their knowledge and the mediocre performance of the plan over time. It adds up to a less than stellar 401K or IRA and employees would be wise to select their investment options cautiously.
No one rated Nationwide Retirement Systems 401(k) - Individual as 5 stars
No one rated Nationwide Retirement Systems 401(k) - Individual as 5 stars%
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No one rated Nationwide Retirement Systems 401(k) - Individual as 4 stars
No one rated Nationwide Retirement Systems 401(k) - Individual as 4 stars%
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75% of people rated Nationwide Retirement Systems 401(k) - Individual as 3 stars
75% of people rated Nationwide Retirement Systems 401(k) - Individual as 3 stars%
75%
No one rated Nationwide Retirement Systems 401(k) - Individual as 2 stars
No one rated Nationwide Retirement Systems 401(k) - Individual as 2 stars%
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25% of people rated Nationwide Retirement Systems 401(k) - Individual as 1 star
25% of people rated Nationwide Retirement Systems 401(k) - Individual as 1 star%
25%
50% 50% of people recommend Nationwide Retirement Systems 401(k) - Individual 50% of people don't recommend Nationwide Retirement Systems 401(k) - Individual 50%
 

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Nationwide Retirement Systems 401(k) - Individual Ratings and Reviews

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1
helpful
vote
an moderate investor

APR
29
2008
If your place of business gives you the option of this 401k plan, it is a pretty good plan, at least as good as any of the others that are out there right now. You will get a quarterly statement and can view youyr account on line. There is an online tool to change or add to yor options but it is a bit confusing. All in all, it is well worth it to put some money away for retirement.
3 star rating
reviewer
shadow3619
Chicago, IL



1
helpful
vote
an aggressive investor, an aggressive saver

MAR
13
2009
Nationwide 401K - have this at work and just found out I'm getting a 1099 and a refund.  I don't think Nationwide put together a good solid plan for employee investment based upon this adp test the IRS requires.  No employee was ever told anything about this.  We find out after we've filed taxes.
3 star rating
reviewer
rlclinton
Houston, TX



D
an aggressive saver

NOV
4
2008
limited options, great customer service
3 star rating
reviewer
moocowdude
Glendale, CA



D

MAR
15
2009
We slave our lives away hoping to keep a little something aside, that the government doesn't take from us, to help ourselves in later years.

What happened to an employer matching what an employee put in to a retirement account? When this occured, a person knew there was a safety net there.

Now, we are supposed to put our trust and money in the hands of people who want to "invest" our money for us? What kind of security is that?

You cant count on anything being there from day to day.

I might as well stand on the side of the freeway asking people if the are on their way to Vegas. When I find someone...
read full review »
1 star rating
reviewer
Im1BigBear
Huntington Beach, CA



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