Quarterly asset fee erroneously doubled

The quarterly asset fee assessed on June 30, 2020 and reflected on your 2nd Quarter 2020 participant statement was double the amount that it should have been.

Nationwide is aware of this error and is taking steps to refund the extra amount assessed. The week of July 6, 2020, you will see a positive unit adjustment processed on your account to return 50% of the units/shares deducted from your account on June 30. Because units/shares will be returned to your account, any earnings will automatically be included in the correcting unit adjustment. For this reason, the dollar amount of the correcting unit adjustment may be slightly more or less than half of the amount of the original fee transaction. This transaction can be viewed on your online account and will be included on the 3rd Quarter 2020 statement you will receive in October.

We at Nationwide apologize for this error. If you have any questions, please contact Nationwide’s Participant Solutions Center at (877) 677-3678.

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