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Please choose the applicable option below for your 403(b), Roth 403(b) or 457(b) retirement plan. If you have questions, please contact SchoolsFirst at 1-800-462-8328 Ext. 4116, Option 1.

403(b)

A defined contribution plan similar to a 401(k) plan, but one which is sponsored by public schools and universities, some nonprofit employers and cooperative hospital service organizations. Typically, employees (“participants”) contribute pre-tax money each payday into an annuity or a custodial trust account set up for them by the 403(b) plan, and invest that money so that it can grow tax-deferred. When a participant withdraws money from the plan, it’s taxed as ordinary income.

Roth 403(b)

Roth contributions are designated employee after-tax pay that’s contributed to a 403b plan account. Subject to certain restrictions, distributions of earnings from the Roth account may be taken tax-free.

457(b)

A defined contribution plan for governmental employees that is governed under Section 457(b) of the Internal Revenue Code and commonly known as a governmental deferred compensation plan. Typically, public employees (“participants”) contribute pre-tax money each payday into an annuity or a custodial trust account set up for them by the 457(b) plan, and invest that money so that it can grow tax-deferred. When a participant withdraws money from the plan, it’s taxed as ordinary income.

Do it for me vs. Do it myself—which one are you?

Discover the type of investor you may be.
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Do it for me

Nationwide ProAccount®, a fee-based managed account service, will select investments for you. We’ll monitor and adjust them over time to help keep you on track toward your retirement goals.

Enroll in ProAccount
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Do it myself

You can build your own portfolio, choose Asset Allocation funds and contribute to Target Maturity Funds.

Enroll in this option
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Need assistance? Call SchoolsFirst at 1-800-462-8328 ext. 4116, option 1

Diversification and Asset allocation do not assure a profit or prevent a loss in a down market.

Target Maturity Funds are designed for people who plan to begin withdrawing money during or near a specific target date, like at retirement. These funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. The Funds offer continuous rebalancing over time to become more conservative as investors approach their planned retirement date. In addition to the expenses of the Target Maturity Funds, an investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. The principal value of the fund is not guaranteed at any time, including the target date.

Nationwide Investment Advisors, LLC (NIA) provides investment advice to plan participants enrolled in Nationwide ProAccount. NIA is an SEC-registered investment adviser and a Nationwide affiliate.

NIA assesses participants an asset-based fee for the managed account services.

Retirement products are offered by Nationwide Trust Company, FSB or Nationwide Life Insurance Company.