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, 2022, and ending December 31, 2022.
|401(k) Plan Contribution Limits
||2022 Calendar Year
|Employee Limit (under age 50)
|Employee Limit (age 50 and up)
|Employee 457(b) Limit
|NSU Employer Limit