Nationwide Retirement Solutions (Nationwide) makes payments to The United States Conference of Mayors and its affiliate United States Mayors Enterprises (collectively USCM) in return for the value of their sponsorship and other services that they provide generally for all their members related to Nationwide’s products and services. USCM’s sponsorship and services include:
USCM chose Nationwide as its exclusive provider of products and services for USCM’s deferred compensation program because it believed Nationwide to be best qualified to provide the retirement education, comprehensive investment choices and superior service for public employees. USCM’s sponsorship is based on its ongoing evaluation and review of the products and services offered by Nationwide. USCM's members benefit generally from USCM's oversight and ongoing evaluation of the program to keep it competitive for public employees. USCM members are free to choose Nationwide or any other provider for their deferred compensation.
Nationwide is permitted to use USCM's name and logo in connection with the deferred compensation program. The overall amount paid by Nationwide during the fiscal year ending on December 31, 2009 was a fixed amount of $3,000,000. Fees paid go directly to USCM's corporate accounts.