1. NC 401(k) & NC 457 Retirement Plans
Speaker Text:
Hello and welcome to our presentation today.
My name is [speaker] and I’m a Retirement Counselor with Prudential Retirement. [Give a little information about who you are and what you do]
We’re here to discuss how you can begin to address the “how do I save for retirement” challenge.
Jennifer Willis
Regional Retirement Education Manager

2. Differences Between the NC 401(k) and NC 457 Plans
NC 401(k) Plan
NC 457 Plan
Eligibility
Employees Actively Contributing to TSERS or LGERS
Anyone receiving W-2 income from State or Local Government Employer
Employer Contributions
Does not reduce annual maximum contribution allowance
Does reduce annual maximum contribution allowance
3-Year Catch-Up Provision No
Yes
Loans/Hardship Withdrawals
Yes, under six conditions as approved by IRS
Yes, under four conditions as approved by IRS
Withdrawals While Working
At or after 59½
At or after 70½
Early Withdrawal Tax Penalty
Possibly, depending upon age at separation from service and withdrawal method
No early withdrawal penalty, regardless of age at separation of service
Speaker will read slide

3. Thanks for Coming! Speaker Text:
Prudential Retirement provides the communications and recordkeeping services for the NC Total Retirement Plans 401(k)|457. Investments offered to you within the plan(s) are not offered by or affiliated with Prudential Financial or any of its companies or businesses. Prudential Retirement is a Prudential Financial business. North Carolina Total Retirement Plans and the North Carolina Total Retirement Plans logo are service marks of the North Carolina Department of State Treasurer. Retirement Counselors are registered representatives of Prudential Investment Management Services LLC, (PIMS), Three Gateway Center, 14th Floor, Newark, NJ PIMS is a Prudential Financial company. Prudential Retirement is a Prudential Financial business. Amounts withdrawn before age 59½ may be subject to a 10% federal income tax penalty, applicable taxes and plan restrictions. Withdrawals are taxed at ordinary income tax rates. Neither Prudential Financial nor any of its representatives are tax or legal advisors and encourage you to consult your individual legal or tax advisor with any specific questions. © 2016 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.
Speaker Text:
Thanks so much for coming to our presentation today. I encourage you to take what you’ve learned here, along with the tools that Prudential provides and get started on your retirement. But be sure to act today to protect your tomorrow.
NOPPRE8