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R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
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R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
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7/24/2015 9:23:55 AM
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Resolution/Ordinance
Res Ord Num
R2014-124
Res Ord Title
APPROVING PRO-ACCOUNT PLAN SPONSOR AGREEMENT WITH NATIONWIDE INVESTMENT ADVISORS, LLC
Approved Date
10/6/2014
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payable at the end of each quarter. The Advice Program Fee is subject to change, and is in addition to any <br /> underlying fund, trustee, custodial, asset, service, administrative, or transactional fees that the plan may incur <br /> through the Nationwide retirement program. <br /> The Advice Program Fee is negotiable, and NIA may offer certain plans discounted Advice Program Fees or <br /> other promotional pricing. Factors NIA considers when negotiating the Advice Program Fee with plan sponsors <br /> typically include: <br /> • Amount of assets in the plan; <br /> • Plan complexity and services required; <br /> • Extent of Nationwide's overall business opportunity with the plan; and <br /> • Competitive forces in the market. <br /> Nationwide Trust Company acts as custodian for assets invested through the Advice Program and is authorized <br /> to deduct any and all Advice Program Fees, when due, from the plan's advisory account and to remit the fees <br /> to NIA as investment adviser. <br /> Certain investment options offered through Nationwide Retirement Clear Advantage, including investment <br /> options selected by the Portfolio Strategist, may impose trade restrictions on certain transactions. Plan <br /> sponsors should consult the applicable fund prospectuses or related materials for additional information on <br /> trade restrictions that may apply to investments offered through the plan. <br /> Compensation to Nationwide Representatives—Investment adviser representatives of NIA involved in offering <br /> the Advice Program to plans are compensated for their services. Compensation may include both a base salary <br /> and incentives based on a plan adding the Advice Program and/or the amount of assets contributed to the <br /> Advice Program account. In addition, certain individuals who provide administrative or wholesale distribution <br /> services in support of the Advice Program may receive incentive compensation based on the amount of assets <br /> contributed to each Advice Program account. <br /> Compensation from Mutual Funds -- To the extent permitted by applicable law or regulation, companies <br /> affiliated with NIA(collectively, "Nationwide") may receive the following types of payments from mutual funds <br /> selected by the Portfolio Strategist for inclusion in Advice Program accounts: <br /> • Rule 12b-1 fees,which are deducted from mutual fund assets; <br /> • Sub-transfer agent fees or fees paid under administrative service plans adopted by the mutual fund, <br /> which may be deducted from mutual fund assets; and <br /> • Payments by a mutual fund's adviser or sub-adviser(or its affiliates). These payments may be derived, <br /> in whole or in part,from the advisory fee that is deducted from mutual fund assets and reflected in the <br /> mutual fund charges. <br /> The standard asset fee that Nationwide charges in connection with the Nationwide retirement program is <br /> reduced by a discount, expressed in terms of basis points, that reflects the amount of mutual fund payments <br /> made to Nationwide as indicated in the Fund Selection Schedule of the applicable retirement program <br /> agreement. As a result, payments that Nationwide receives from mutual funds or their affiliates selected <br /> through the Advice Program will not increase Nationwide's overall compensation. <br /> The Portfolio Strategist will not consider mutual funds for the Advice Program that are affiliated with <br /> Nationwide. The Portfolio Strategist's fees for services provided under the Advice Program are not related to <br /> the mutual funds it selects or otherwise influenced by the revenue NIA or its affiliated companies may receive <br /> from these mutual funds. <br /> Nationwide ProAccount in the Nationwide Retirement Program <br /> ProAccount Clients in the Nationwide Retirement Program are charged a maximum annual fee of up to 1.35% <br /> of their Nationwide ProAccount assets ("Nationwide ProAccount Fee"). The applicable Nationwide ProAccount <br /> Fee is shown within the Nationwide ProAccount investment advisory agreement between NIA and each <br /> 8 <br />
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