The ASRS and Nationwide Retirement Solutions
The Arizona State Retirement System is an advocate of additional retirement savings to supplement members' ASRS benefits in retirement. Partnering with Nationwide Retirement Solutions, the ASRS oversees a selection of supplemental savings plans that employers can participate in and offer to their employees. Employees can learn about these opportunities on the Supplemental Savings page in the Member section, or through materials provided to you by Nationwide.
Employers interested in enrolling their organization should contact:
Jim Keeler, Nationwide Retirement Solutions
(602) 293-1153
[email protected]
An Overview of Available Plans
457(b) Savings Plan
The 457(b) plan offered through Nationwide allows members to contribute either pre-tax or post-tax money into an account that can be drawn upon in retirement.
- Available to: All ASRS Members
- Contributions Options: Traditional Pre-Tax or Roth Post-Tax
403(b) Savings Plan
The 403(b) plan offered through Nationwide allows education employee members to contribute either pre-tax or post-tax money into an account that can be drawn upon in retirement.
- Available to: Only EDUCATION employees ASRS members
- Contributions Options: Traditional Pre-Tax or Roth Post-Tax
401(a) Savings Plan
The 401(a) plan offered through Nationwide allows government employee members to contribute pre-tax money into an account that can be drawn upon in retirement. Due to the distinctive features and benefits this plan, the IRS requires restrictions that are unique to other tax-deferred plans. These restrictions include an irrevocable election to participate and an irrevocable election to contribute either a) a percentage of pay, b) a flat dollar amount or c) a scheduled contribution over time.
- Available to: Only GOVERNMENT employee ASRS members
- Contributions Options: Traditional Pre-Tax