Saving in the Supplemental Plans makes a big difference
Why these plans?
- Paying less for diverse investments*
- Exceptional value
- Meaningful board oversight
- Only supplemental plans offered by the State of NC
Get ready to enroll
Find your eligible plan(s) and enroll
These numbers will be required for enrollment:
Plan Number:
Sub-Plan Number:
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 Name | Eligibility | Investments | Access to Money | Fee Structure |
---|---|---|---|---|
NC 401(k) Plan |
Employees actively contributing to:
Also includes law enforcement officers and participants in the Optional Retirement Program |
Diverse investment options available
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
While employed, withdrawal options include:
|
For details see |
NC 457 Plan |
Employees of participating state and local governmental entities
|
Diverse investment options available
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
While employed, withdrawal options include:
|
For details see |
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1Amounts withdrawn are subject to applicable taxes and plan restrictions.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, 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.

Need assistance?
Contact your Empower Retirement Education Counselor or call 866-NCPlans (866-627-5267).