The NC 401(k) and NC 457 Plans are defined contribution plans, which consist of your personal contributions, any employer contributions (if applicable), and any earnings on the plan investments you’ve selected. Features of these plans include:
- Pre-tax contributions
- Roth after-tax contributions
- Full vesting from the day you begin investing
- Variety of investment options
- GoalMaker asset allocation feature
- Flexible withdrawal options
The features of the NC 401(k) and NC 457 Plans are similar, but also have distinct differences. The following information to help you make an informed decision:
Investment Options within the 401(k) and 457 Plans
provide access to a diversified array of investment strategies to help you meet your retirement needs. Investment strategies are available across market cap, style category and national location. The purchasing power of the State ensures that portfolios are managed at highly-competitive fee levels that would be hard to match elsewhere.
Choosing a mix of investments just might be one of the most important steps you will ever take when it comes to preparing for retirement. Asset allocation is the process of dividing your money among different types of assets—such as stocks, bonds, balanced investments, and stable-value investments.
The NC 401k and NC 457 Plans offer the optional and easy-to-use GoalMaker Program. At no additional cost, GoalMaker helps members target
one of twelve model investment portfolios that is best suited to their retirement goals. Keep in mind that application of asset allocation and diversification concepts does not assure a profit or protect against loss.