No matter your investment style, Savings Plus has an option for you
Knowing your investment style can help you make the best investment decisions. Most investors fall into three categories:
- Do it for me
- Manage it for me
- Do it myself
1. How would you rate your knowledge of the following investing concepts?
| Excellent | Average | Poor | None | Score | |
|---|---|---|---|---|---|
| Asset allocation | 3 | 2 | 1 | 0 | ___ |
| Investment risk | 3 | 2 | 1 | 0 | ___ |
2. How often do you perform the following tasks in your 401(k) and/or 457(b) account(s)?
| Weekly | Monthly | Quarterly | Yearly | Score | |
|---|---|---|---|---|---|
| Check your 401(k)/457(b) balance(s) | 3 | 2 | 1 | 0 | ___ |
| Change the investments in your 401(k)/457(b) account(s) | 3 | 2 | 1 | 0 | ___ |
3. How confident are you that you understand the following aspects of your 401(k) and/or 457(b) account(s)?
| Very | Mostly | Not Very | Not at all | Score | |
|---|---|---|---|---|---|
| Investment choices | 3 | 2 | 1 | 0 | ___ |
| Retirement income and savings rate projection tools | 3 | 2 | 1 | 0 | ___ |
4. How confident are you about your ability to:
| Very | Mostly | Not Very | Not at all | Score | |
|---|---|---|---|---|---|
| Choose the right investments | 3 | 2 | 1 | 0 | ___ |
| Forecast your income needs in retirement | 3 | 2 | 1 | 0 | ___ |
5. In the past, how satisfied have you been in your ability to:
| Very | Mostly | Not Very | Not at all | Score | |
|---|---|---|---|---|---|
| Choose the right investments | 3 | 2 | 1 | 0 | ___ |
| Know the right time to make changes to your portfolio | 3 | 2 | 1 | 0 | ___ |
Total Score: _______
| Total score | Likely investing personality | Possible Investment Service |
| Under 15 | Do it for me or Manage it for me | Consider using a Target Date Fund or enrolling in the Professional Management program. |
| 15 or more | Do it myself | Consider using the Savings Plus core investment funds and possibly opening a Personal Choice Retirement Account (PCRA) for additional choices.
You can also use our My Investment Planner, our online advice tool to help you make decisions. |
For investors who prefer a less hands-on experience, we offer Target Date Funds.
Each Target Date Fund offers a diversified mix of investments that becomes more conservative as the fund approaches a specific target date. Instead of choosing a fund based on risk (such as conservative or aggressive), you choose one fund based on the time frame in which you expect to begin taking distributions from your account (such as your retirement date).
The asset allocations in the Target Date Funds are rebalanced periodically, becoming more conservative as the target date approaches. Each Target Date Fund assumes age 62 as the date you will begin taking distributions, but you should choose the Target Date Fund that best matches your goals.
Note: If you do not select how you want your contributions invested when you first enroll in Savings Plus, your contributions will post to the Target Date Fund that more closely aligns with your date of birth.
| If you were born between... | You might choose this fund (assumes taking a distribution at age 62) |
| 1955 or earlier | Target Date Fund—Income |
| 1956-1960 | Target Date Fund—2020 |
| 1961-1965 | Target Date Fund—2025 |
| 1966-1970 | Target Date Fund—2030 |
| 1971-1975 | Target Date Fund—2035 |
| 1976-1980 | Target Date Fund—2040 |
| 1981-1985 | Target Date Fund—2045 |
| 1986-1990 | Target Date Fund—2050 |
| 1991-1995 | Target Date Fund—2055 |
| 1996-2000 | Target Date Fund—2060 |
| 2001-2005 | Target Date Fund—2065 |
Please consider the fund’s investment objectives, risks, charges and expenses carefully before investing. The Fund Fact Sheets contain this and other important information about the investment company. Fund Fact Sheets are available on the website or by calling 1-855-616-4776. Read the Fund Fact Sheets carefully before investing.
Target Date Funds invest in a wide variety of underlying funds to help reduce investment risk - you pay only the proportionate share of the expenses of those funds. Like other funds, Target Date Funds are subject to market risk and loss. Loss of principal can occur at any time, including before, at, or after the target date. There is no guarantee that Target Date Funds will provide enough income for retirement.
If you prefer to have a professional investment management firm actively managing your portfolio, you can elect to invest through Nationwide ProAccount®, a service that manages your portfolio based on your risk tolerance and age. While enrolled, your account is monitored and adjusted over time to keep you on track toward your retirement goals.
Nationwide ProAccount is a fee-based managed account service that creates and maintains a personalized retirement investment strategy. This service manages your account using the Savings Plus core investment funds lineup.
Fees associated with ProAccount
Example: the fee assessed on an account with an average balance of $10,000 would be $45 per year or $11.25 charged on a quarterly basis.
To enroll in the Nationwide ProAccount Professional Management program, or obtain additional information, call our Solutions Center at (855) 616-4776.
Nationwide ProAccount will send you a personalized plan, help put your plan into action, and routinely monitor your account.
You can cancel anytime without penalty.
Investment advice for Nationwide ProAccount is provided to plan participants by Nationwide Investment Advisors, LLC (NIA), an SEC-registered investment adviser. NIA has hired Wilshire Associates Incorporated ("Wilshire") as the Independent Financial Expert for Nationwide ProAccount. Wilshire® is a service mark of Wilshire Associates, Inc., which is not affiliated with NIA or any Nationwide affiliate. Nationwide representatives are Registered Representatives of Nationwide Investment Services Corporation, member FINRA. Nationwide Retirement Specialists cannot offer investment, tax or legal advice. You should consult your own counsel before making retirement plan decisions.
There are two ways you can build and manage a customized portfolio through an account with Savings Plus:
- Select funds from the list of Savings Plus core investment funds.
- Invest through the Schwab Personal Choice Retirement Account® (PCRA), a Self-Directed Brokerage Option.
Savings Plus core investment funds
You can select funds from the list of Savings Plus core investment funds that cover a broad range of asset classes with different risk/reward potential.
Schwab Personal Choice Retirement Account® (PCRA)/Self-Directed Brokerage Option
You can invest through the Schwab Personal Choice Retirement Account® (PCRA), a Self-Directed Brokerage Option. The PCRA provides greater flexibility by allowing you the freedom to select and manage your portfolio from a much larger array of investments that include mutual funds, individual stocks, bonds and a variety of other options. Additional transaction fees may apply. Contact Schwab for details regarding its PCRA Fee Schedule. You must maintain a minimum balance of $2,500, or 50% of your account, whichever is less, in the Savings Plus core investment funds.
Investment strategy
Use our free My Investment Planner, offered through Wilshire, to create a more guided investment strategy. Once your strategy is in place, you can manage your account and implement or modify the recommendations provided. If you choose this investment method, remember to check in regularly with your Retirement Specialist to ensure your investing style is accurate and you are on track to reach your savings goals.
Keep in mind that investing involves market risk, including possible loss of principal.