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Retirement Savings

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!

Frequently Asked Questions

When am I eligible to contribute?

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 much does NSU match?

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. 

Your Contribution NSU Basic Match* NSU Safe Harbor Match NSU Additional Match* Total NSU Match Total Retirement Savings
0 2% 0 0 2% 2%
1% 2% 1% 1% 4% 5%
2% 2% 2% 2% 6% 8%
3% 2% 3% 3% 8% 11%
4% 2% 4% 4% 10% 14%

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!


How much can I save?

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.

1. Enter Gross Bi-Weekly Earnings 2. Enter Bi-Weekly Savings Goal 3. Calculate Your Results 4. Review Your Estimate
%
  1. Enter your average gross bi-weekly earnings, round up or down to the nearest dollar.
  2. Enter your bi-weekly savings goal, round up or down to the nearest dollar.
  3. Click on the Calculate button to get your results!
  4. Review your personalized estimate (rounded up/down to the nearest whole number). 
What are the annual limits from the IRS?

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.

401(k) Plan Contribution Limits 2018 Calendar Year
Employee Limit (under age 50) $18,500
Employee Limit (age 50 and up) $24,500
Employee 457(b) Limit $18,500
Where do I make my elections?

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.

My Retirement Manager Page Image

Who is CAPTRUST?

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. 

How do I invest with 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 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

How do I invest with VALIC?

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. 

Valic Representative Location Contact Number
Nicholas R. Brown South Florida 850-322-8240
Steve Proffitt South Florida 954-684-6306
Paul Fibbe Jacksonville 904-448-7200 or 904-568-5360
Dan Stamey Tampa 813-300-7983
Kelly J. Torresin Orlando 407-212-5003

Additional resources from VALIC

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