Plan Information and Enrollment

Saving in the Supplemental Plans makes a big difference

77%

of those enrolled in the plan are on track to be retirement ready^†

vs.

44%

of those NOT enrolled are on track to be retirement ready^†

Why these plans?

Top 4 Reasons

these plans are outstanding choices for members

Paying less for diverse, strong-performing investments
Exceptional value
Meaningful board oversight
Only supplemental plans offered by the State of NC

Get ready to enroll

Find out what plan(s) you may be eligible for:

Select your employer type and name

Employer type

Employer name

I want to learn more about key plan features
Select your enrollment form(s) for download

What plan is best for me?

Understanding some of the differences may help you decide which works best for you—if your employer offers more than one plan.

Plan Features

Plan Features Comparison
Plan Name	Eligibility	Investments	Access to Money	Fee Structure
NC 401(k) Plan	Employees actively contributing to: Teachers' and State Employees' Retirement System (TSERS) Local Governmental Employees' Retirement System (LGERS) Legislative Retirement System (LRS) Consolidated Judicial Retirement System (CJRS) A pension sponsored by a local government Also includes law enforcement officers and participants in the Optional Retirement Program	Diverse investment options available Stable value, inflation protection, fixed income and equity Passive and active management GoalMaker^® assists with investment selection at no additional cost For additional information, see the Fund Fact Sheets opens in new window for details.	After employment, withdrawal options include:^1,5 Systematic withdrawals Full or partial withdrawals² While employed, withdrawal options include: Hardship withdrawals³ Loans⁴ In-service distributions⁵ (on or after age 59½)	Recordkeeping and communications fee: $31 per year Administrative fee: 0.025% of account balance per year. (Board waived this fee for 2020) Investment management fee: varies by fund Custodial fee: varies by fund For details see NC Supplemental Retirement Plans Fee Statement PDF opens in new window
NC 403(b) Program	Employees of participating school districts and community colleges Eligibility is determined by your employer	Diverse investment options available Inflation protection, fixed income and equity Passive and active management GoalMaker^® assists with investment selection at no additional cost For additional information, see the Fund Fact Sheets opens in new window for details.	After employment, withdrawal options include:^1,5 Systematic withdrawals Full or partial withdrawals² While employed, withdrawal options include: Hardship withdrawals³ Loans⁴ In-service distributions⁵ (on or after age 59½)	Recordkeeping and communications fee: $31 per year Administrative fee: 0.050% of account balance per year Mutual fund expenses: varies by fund Third-party administrative fee: varies by employer For details see NC Supplemental Retirement Plans Fee Statement PDF opens in new window
NC 457 Plan	Employees of participating state and local governmental entities Full-time, temporary or part-time employees Elected and appointed officials Rehired retired employees	Diverse investment options available Stable value, inflation protection, fixed income and equity Passive and active management GoalMaker^® assists with investment selection at no additional cost For additional information, see the Fund Fact Sheets opens in new window for details.	After employment, withdrawal options include:^5,6 Systematic withdrawals Full or partial withdrawals² While employed, withdrawal options include: Hardship withdrawals³ Loans⁴ In-service distributions⁵ (on or after age 70½)	Recordkeeping and communications fee: $31 per year Administrative fee: 0.025% of account balance per year. (Board waived this fee for 2020) Investment management fee: varies by fund Custodial fee: varies by fund For details see NC Supplemental Retirement Plans Fee Statement PDF opens in new window

Footnote

¹Amounts withdrawn are subject to applicable taxes and plan restrictions. If taken before age 59½, they may also be subject to a 10% federal income tax penalty unless another exception applies.

²If you terminate from service, requests for withdrawals or distributions from your account (not associated with retirement) will not be processed for 60 days.

³Hardship withdrawals are subject to income tax. For the NC 401(k) Plan and the NC 403(b) Program, a withdrawal prior to age 59½ also is subject to a 10% penalty, unless an exclusion applies.

⁴Any outstanding loan balance not paid back under plan rules after termination of employment becomes taxable in the year of default. Under the Tax Cuts and Jobs Act, for defaults related to termination of employment after 2017, the individual has until the due date of that year's return (including extensions) to roll over the outstanding loan amount to an IRA or qualified employer plan.

⁵Amounts rolled over to another qualified retirement savings vehicle or used to purchase service credits are not subject to current income tax.

⁶Amounts withdrawn are subject to applicable taxes and plan restrictions.

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Education

The best way to prepare for tomorrow is by getting information you need today.

Transcripts

Need assistance?

Contact your Retirement Education Counselor or call 866-NCPlans (866-627-5267).