Eric Stevenson will be the new leader of Nationwide’s retirement plans business lines succeeding John Carter. Carter was recently named President-elect over all of Nationwide’s financial services business lines.
“I’m confident in Eric’s ability to expand our retirement plans market share as we strive to help America’s workers prepare for retirement and protect their financial legacies,” Carter said. “His experience with our retirement plan solutions, combined with his vision for the future, has undoubtedly prepared him to lead us into the future.”
Stevenson brings nearly 15 years of industry experience, most recently serving as Senior Vice President of distribution for Nationwide’s retirement plan business, which is responsible for nearly $145 billion in assets under management for more than 2.5 million participants. He’s overseen recent plan wins including the City of Baltimore, the City of Scottsdale, AZ and the City of Philadelphia.
“I’m honored and humbled to be the next leader of a business that is focused on the noble purpose of helping America’s workers prepare for and live in retirement,” Stevenson said. “Our experience serving small and medium-sized businesses and public sector plans for state, city and county employees, as well as first responders, puts Nationwide at an advantage to best understand the unique needs of plan sponsors and their participants.”
Eric earned his Bachelor of Business Administration in Finance from the University of Oklahoma and his Master of Business Administration degree from Northwestern University Kellogg Graduate School of Management.
Nationwide is a market leader in the sale of 457 plans for public sector entities and 401(k) plans for small to mid-size businesses. The company also provides 403(b) plans for educators and health savings accounts as part of a comprehensive retirement planning portfolio.