(954) 262-HR4U (4748)
Whether you're a seasoned investor or a retirement savings rookie, NSU has you covered with access to best-in-class retirement vendors, TIAA and VALIC, and independent financial advice through our partnership with CAPTRUST.
CAPTRUST advisors are here to provide independent financial advice to help you navigate the investments you make with TIAA and VALIC, as well as investments you may hold privately and accounts you may have from previous employers. Be sure to take advantage of all of the resources available to help you gain the edge you need to attack retirement readiness like a shark!
Check out CAPTRUST's newest video about the steps you can take to make sure you are headed in the right direction on your path toward financial success.
Time Is Money from CAPTRUST Financial Advisors on Vimeo.
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).
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, 2020 and ending December 31, 2020.
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 Monday to Thursday 8:30 am to 5:30 pm and Friday from 8:30 am to 4:00 pm.
Onsite consultations with the CAPTRUST team are available throughout the year, but spots fill up quickly! Visit the online registration portal to check availability and monitor your NSU email for announcements about when the CAPTRUST team will be available near your campus!
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. Creating an online account with TIAA is fast and easy! To get started, visit TIAA online at www.tiaa.org/nsu and register for access.
Register online for one-on-one advice from TIAA on NSU's Fort Lauderdale Campus at https://www.tiaa.org/public/tcm/nsu/home or by calling 866-549-1238, Monday through Friday from 9:00 am to 8:00 pm (EST). Space is limited, so please RSVP as soon as you can.
Advice is also available over the phone by calling 888-211-3868, online using TIAA's online scheduling form or through TIAA's Customer Support Center available by calling 800-842-2252. Customer Support is available Monday through Friday from 8:00 am to 10:00 pm (EST) and Saturday from 9:00 am to 6:00 pm (EST).
Additional resources from TIAA
TIAA's Onsite Advice Schedule for 2019
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