(954) 262-HR4U (4748)
Whether you're a seasoned investor or new to the world of retirement savings, we've got you covered!
Employees contributing to their retirement savings at NSU have access to independent financial advice through our partnership with CAPTRUST. The financial advisors at CAPTRUST are here to work with you and our retirement investment vendors, TIAA and VALIC, to provide objective investment advice and wealth management strategies for all of your retirement savings accounts, including personal accounts and accounts from other employers.
Be sure to take advantage of the many retirement services available to you as an NSU employee to gain the edge you need to meet your financial goals and attack retirement readiness like a shark!
Eligibility for non-matched contributions
If you are an eligible employee who is 21 years of age or older and working 19.2 hours or more per week, you can contribute to the NSU 401(k) Plan on a non-matched basis on the first of the month following your date of hire.
Eligibility for the NSU Match
If you are an eligible employee who is 21 years of age or older and working 19.2 hours or more per week, you can receive the NSU 401(k) Match on the first of the month following your one-year anniversary.
For more information, please review the Nova Southeastern University 401(k) Summary Plan Description.
How does the NSU Match Work?
Once you are eligible, NSU will match your contributions up to the first 4%! You can contribute more than 4% to your retirement savings account at NSU, but those contributions will not be matched.
The NSU Basic Match and NSU Additional Match are vested after 3 years of employment. Your contributions and the NSU Safe Harbor Match are vested immediately (subject to eligibility and participation).
Check out our YouTube tutorial to learn how to Maximize your Match from NSU!
You can save as much as you are comfortable contributing each pay period up to the IRS annual limit.
Use the bi-weekly contribution calculator to get an estimate of the retirement savings contribution percentage to use when making your elections in the My Retirement Manager Portal.
Contributions to the NSU Retirement Savings Plan are not limited to the percentage of your salary that NSU matches.
You can contribute almost any percentage of your gross bi-weekly earnings you are comfortable with, up to the limits set by the IRS each year. Annual limits are generally set by the IRS each year in October for the next calendar year, and are listed below for the calendar year beginning January 1, 2018 and ending December 31, 2018.
Retirement savings contributions are made using the My Retirement Manager Portal. Getting started is easy and only takes a few minutes to setup. Once you are eligible, you can make new elections and change your contributions as often as you require.
To register for access and start on the path toward retirement readiness, visit the My Retirement Manager Portal Online or click on the image below to be directed to the portal.
If you need help setting up your account, feel free to download our Interactive PowerPoint Tutorial.
CAPTRUST provides independent and objective financial advice for Nova Southeastern University employees to help them become retirement ready and build a healthy, well-balanced portfolio.
CAPTRUST advisors can help you review your investments with Nova Southeastern University as well as accounts you may have privately and from previous employers. For more information about the services CAPTRUST can provide you, please review the interactive "BrainShark" online.
If you have questions or want to conduct a consultation via phone, you can contact the CAPTRUST Advice Desk at 800-967-9948. The hours are Monday to Thursday 8:30 AM EST to 5:30 PM EST and Friday 8:30 AM to 4:00 PM EST.
Once you have made your elections in the My Retirement Manager portal at www.myretirementmanager.com, you will need to create an account with each retirement plan vendor you choose to invest with. To create an account with TIAA, visit them online at www.tiaa.org/nsu and register for access.
Advisors are available toll free by calling 800-842-2252, you can also schedule a counseling session by phone 888-211-3868 or using TIAA's online advisory session scheduling form.
Additional resources from TIAA
Once you have made your elections in the My Retirement Manager portal at www.myretirementmanager.com, you will need to create an account with each retirement plan vendor you choose to invest with. To create an account with VALIC, visit them online at www.valic.com/nova and register for access.
You can contact an advisor for general assistance by calling 800-448-2542, or contact a VALIC representative in your local area to schedule an individual advice session.
Additional resources from VALIC
Summary of Material Modifications No. One - NSU 401(k) Plan
Summary of Material Modifications No. Two - NSU 401(k) Plan
Summary of Material Modifications No. Three - NSU 401(k) Plan
Summary of Material Modifications No. Two - NSU Grande Oaks 401(k) Plan
Summary of Material Modifications No. Three - NSU Puerto Rico 401(k) Plan
TIAA-CREF Share Class Change (Effective 4/24/2015)
Transition Guide for Investment Menu Changes
TIAA-CREF Supplemental Fee Disclosure
VALIC Supplemental Fee Disclosure
VALIC Grande Oaks - Supplemental Fee Disclosure