Voluntary/Supplemental Retirement Plans

NC State offers voluntary retirement plan options, in addition to the mandatory retirement plans (TSERS or ORP), to help eligible staff and faculty plan and save for retirement. These voluntary plans help staff and faculty supplement their retirement savings to meet retirement goals and also offer potential tax benefits.

NC State does not make contributions to the voluntary retirement plans. Contributions are deducted from employees pay on a pre-tax or Roth (after-tax) basis.

Enrollment & Change Forms | On-Campus Financial Advisers | Supplemental Plan Decision Guide

Voluntary/Supplemental Retirement Plan Options

Plan Options

UNC 403(b) Plan

NC 401(k) Plan

UNC 457 Plan

NC 457 Plan

VendorsTIAA & FidelityPrudentialTIAA & FidelityPrudential
EligibilityAny Employee whose pay is subject to FICA taxesOnly available to employees eligible for the mandatory retirement plan(s)Any employee whose pay is subject to FICA taxesAny employee whose pay is subject to FICA taxes
Maximum Annual Contribution Limit 2019$19,000; an additional catch-up contribution of $6,000 is available if age 50 or older
Plan CoordinationThe UNC 403b Plan and NC 401(k) plan share the same contribution limit and are aggregated. The maximum you can contribute to one/both of these plans is $19,000 or if age 50 or older $25,000The UNC 457 Plan and NC 457 plan have a seperate limit from the 403(b)/401(k) plans and are aggregated. The maximum you can contribute to one/both of these plans is $19,000 or if age 50 or older $25,000
Contribution OptionsBoth Pre-Tax and After-Tax (Roth) options are available for all plans
Accessing FundsEarliest to occur of: separation from service, age 59½, retirement, disability or death. Contact your vendor for loan and hardship withdraw options while still employed.
Early Withdrawal Penalty (Before age 59.5)YesYesNoneNone

Pre-Tax or After-Tax (Roth)

One of the great things about these plans are that you have payroll deductions on a pre-tax or after-tax basis. Unlike an IRA or Roth IRA, you have much higher contribution limits through payroll deduction.

  • If you get tax refunds back each year, you may want to consider contributing on an after-tax basis.  You pay the taxes on your contributions now, and the money grows tax free.
  •  If you pay taxes every year after you do your taxes, you may want to consider pre-tax deductions.  These lower taxable income and you pay less taxes now.  In retirement, when you take out the money, you then pay taxes on distribution from the plan or through minimum distributions at age 70 1/2 if you are no longer worker for NC State.


Enrollment & Changes to Coverage

Employees may enroll and change their supplemental plan contributions at any time throughout the year. After researching the plan options and vendors to enroll or make changes employees must take the following steps:

1. Complete an Enrollment/Change Form

To begin a monthly deduction, employees must complete one the below enrollment/change forms and submit them to the University Human Resources Benefits Office at hrsbenefits@ncsu.edu, via fax at 3-2528, or by campus mail at Campus Box 7215. Forms must be received no later than the 10th of the month in order to be effective in the current month’s payroll.

Form Options

UNC 403(b) Plan

NC 401(k) Plan

UNC 457 Plan

NC 457 Plan

Enrollment Form Salary Reduction Agreement Prudential 401(k) Enrollment Form Salary Deferral Agreement Prudential 457 Enrollment Form
Change Form Salary Reduction Agreement Prudential 401(k) Change Form Salary Deferral Agreement Prudential 457 Change Form
Leave Payout  Deferral Form Salary Reduction Agreement One Time Contribution Form Salary Deferral Agreement One Time Contribution Form

2. Setup your account online with your chosen vendor.

Once you have chosen a plan and a vendor, you must set up your online account, choose your investments, and elect your beneficiaries.

  • TIAA: (select your UNC institution and then ENROLL NOW)
  • Fidelity: (click the UNC 457(b) Plan and then ENROLL NOW)
  • Prudential: To set up your account contact our local 401(k) representative Christy Kelly christy.kelly@prudential.com | 919-602-8226

On-Campus Financial Planners

Meet with representatives from our retirement plan vendors for financial and retirement related advice. These certified financial advisers meet with employees at no cost or obligation to the employee and provide expert advice and resources to NC State Staff and Faculty.

Fidelity Investments

TIAA

Prudential

CAPTRUST

CAPTRUST is a third-party, independent group of  advisors working with the UNC System.  Captrust provides institutional and private investors with financial advice and fiduciary support.  For nearly 30 years, CAPTRUST advisors have been helping investors make informed, strategic investment decisions.  You may contact CAPTRUST directly at 1-800-967-9948 or click here to schedule an appointment online.

Supplemental Retirement Decision Guide (pdf)

Human Resources Guiding Policy Disclaimer