By Katie Logisz
March 28, 2005

Last week, Conference of Mayors Platinum Partner Nationwide Retirement Solutions (NRS) announced that it was once again selected by the state of California as the Third Party Administrator (TPA) for the state's Savings Plus Program, reiterating NRS's prominence in the market. The California Savings Plus Program has both 457 and 401(k) components with approximately $5.4 billion in assets and more than 130,000 participating public employees. The contract renewal is the second consecutive five year contract Nationwide has won with the state of California.

Participants will have access to NRS specialists who will provide them with investment education, as part of NRS's commitment to help individuals maximize their assets throughout their lives.

NRS President Matt Riebel said, "As the retirement savings landscape continues to change, one thing remains certain: personal savings programs like the California Savings Plus Program can be the difference that leads to a financially secure retirement."

NRS continues its quarter century position as the industry leader. California's decision is further evidence that the NRS/USCM partnership continues to deliver a program that best suits public employers. During this 26-partnership with the Conference of Mayors, NRS has worked tirelessly to help mayors and all public employers and employees reach their retirement goals. To date, the USCM/NRS deferred compensation program is at work in 4,000 cities assisting over 300,000 municipal employees.