Hoffman Estates Park District Administration & Finance Committee Meeting April 2026
Nationwide named as 457(b) plan service provider
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Description
The board adopted a restated 457(b) Deferred Compensation Plan that allows multiple service providers, including Nationwide Retirement Solutions, Inc., to administer employee retirement accounts. The updated plan aligns with SECURE Act provisions and expands options such as Roth contributions and broader rollovers.
Contract Details
Vendor
NATIONWIDE RETIREMENT SOLUTIONS INC
Agency
Hoffman Estates Park District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Renewal Info
Ongoing participation as an authorized provider under the restated 457(b) plan; specific contract dates are not detailed in the resolution.
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