OUT OF GRADES K-12: NEA 403(b) endorsement shifting to Security Benefit as Nationwide exits market.(Nationwide Retirement Solutions, Security Benefit Life Insurance Co.)(Brief Article)(Statistical Data Included)

Pensions & Investments, October, 2000 by Jacobius, Arleen

COLUMBUS, Ohio - Nationwide Retirement Solutions Inc. has bowed out of the grades K-12 school 403(b) market and transferred its National Education Association endorsement to a subsidiary, Security Benefit Life. Nationwide Retirement, Columbus, Ohio, and Security Benefit Group, Topeka, Kan., held the NEA's Valuebuilder endorsement from 1991 to 2000 for its 403(b) contracts serving K-12 education professionals.

Both firms are subsidiaries of Nationwide Financial Services. ``In the last year we've made some changes,'' said Duane Meek, president of Nationwide Retirement Solutions. ``We placed a greater emphasis on education, retirement options and choice. And Nationwide now has the ability to reach more people, more often and more effectively, said Mr. Meek of...

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