Nationwide 401(k) Rollover: Transfer Guide
How to roll over your Nationwide retirement plan to an IRA. Complete instructions for former employees.
Key Takeaways
- 1Nationwide offers retirement plans for many employers
- 2Rollover through nationwide.com/retirement or 1-877-677-3678
- 3Direct rollover avoids tax withholding
- 4Process typically takes 7-14 business days
- 5Check for surrender charges on annuity products
- 6Compare fees before choosing rollover destination
- 7Gold IRA provides diversification option
Nationwide Retirement Plans
Nationwide is an insurance and financial services company that provides retirement plans to many employers.
- Insurance-based retirement plan provider
- Offers 401(k), 403(b), 457, and pension plans
- Account access: nationwide.com/retirement
- Phone support: 1-877-677-3678
- Products may include both mutual funds and annuities
Nationwide Rollover Process
Follow these steps to roll over your Nationwide account.
- 1Log into your Nationwide retirement account
- 2Navigate to "Transactions" or "Withdrawals"
- 3Select "Rollover to IRA" option
- 4Open IRA at destination provider
- 5Choose direct rollover (trustee-to-trustee)
- 6Complete required documentation
- 7Submit and track request
- 8Verify funds arrive at new IRA
Key Considerations
Important factors to consider before rolling over from Nationwide.
- **Surrender charges**: Some Nationwide products have multi-year surrender periods
- **Guaranteed features**: Annuity guarantees lost when you roll out
- **Vesting**: Check your vesting status before rolling
- **Loan payoff**: Outstanding loans become distributions if not repaid
- **Fee comparison**: Nationwide may have higher fees than low-cost IRAs
Check Surrender Charges
Nationwide annuity products often have 5-7 year surrender charge periods. Rolling over during this period may incur fees.
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Consider a Gold IRA Rollover
Nationwide retirement plans typically offer insurance and mutual fund products. A Gold IRA provides access to physical precious metals for diversification.
- Escape annuity surrender charges (after surrender period)
- Physical gold diversification
- No ongoing insurance product fees
- Same tax-free direct rollover process
- Augusta Precious Metals handles the paperwork
Frequently Asked Questions
1Does Nationwide charge rollover fees?
Nationwide typically doesn't charge a rollover processing fee, but check for surrender charges on annuity products within your account.
2Can I roll over only part of my Nationwide account?
Yes, partial rollovers are usually allowed. Check if surrender charges apply differently to partial vs. full withdrawals.
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