NSU Retirement Plans
NSU is committed to offering a retirement plan that best fits your needs for your retirement while building long-term financial security.
Start saving for your retirement today!
Retirement Plans
- NSU 401(k) Plan
- Grande Oaks 401(k) Plan
- NSU Puerto Rico 401(k) Plan
- NSU 457(b) Deferred Compensation Plan
- NSU 403(b) Plan (Frozen)
Enrollment
You can enroll in your appropriate retirement plan by visiting the Tiaa.org/nsu website. You can also change your contribution percentages and investment selections.
if you need assistance with your enrollment or contribution/investment change, you may review our step-by-step guide or contact Tiaa at 800-842-2252
NOTE: To ensure TIAA has received your demographic information, you may enroll in the plan the 3rd week after your hire date.
Adding/Updating Your Beneficiary Information
Naming your beneficiaries puts you in control. Keep your beneficiary information updated in your retirement plan to ensure your loved ones are protected and that your wishes are followed.
Why should you update your Beneficiary information?
- Ensures your assets go to the right people, specially if you recently had a major life event like marriage, divorce, or having children.
- Avoids delays in paying out benefits
- Protects your family's future
- Beneficiary designation in your retirement plan takes priority over your will.
To confirm or update your beneficiary information, see TIAA's Instruction Flyer.
Note: Updating/confirming your beneficiary for Basic Life Insurance and Optional Life Insurance plans is also very important. To do so, you must access your ICUBA profile through Sharklink and click on "My Profile". Updating your beneficiaries in TIAA will not transfer over to your life insurance plans.
Investment Lineup
You may invest your contributions among 38 investments which fall into 3 tiers:
To review the investment lineup in detail, please visit TIAA's investment options webpage HERE
Loans and Withdrawals
Employees have the option to request a loan or withdraw funds from their NSU retirement plans. There are taxes and penalties that apply to hardship withdrawals (but not to loans), so you should consider such an option as a last resort before accessing funds.
Note: Not all plans qualify for loans or withdrawals. Click on the links above to your respective retirement plan for more details.
Distributions
Distributions are taxable unless rolled over to a qualified retirement plan or Individual Retirement Account (IRA). Click on the links above to your respective retirement plan for more details.
Financial Advice
As a participant in the NSU retirement plans, you have access to personalized advice on the NSU retirement plans’ investment options from both CAPTRUST and TIAA.
Whether you’re just starting out or close to retirement, you can meet online, by phone or in person to discuss your specific financial goals and how to plan for them. This service is available as part of your retirement program at no additional cost to you.
- To schedule an advice session, call the CAPTRUST Advice Desk at 800-967-9948. Or visit captrustadvice.com/scheduler and click Get Personal Advice Here in the upper-right corner.
- To schedule a TIAA session you can use our Single Sign-on link and use your NSU credentials. You can also visit TIAA.org/schedulenow or call 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET).
TIAA online tools
Visit TIAA.org/tools for convenient resources that can help you on the path to retirement. You supply the information, and the tools do the rest.
You can schedule an individual meeting with a TIAA financial advisor, click HERE
Upcoming Webinars
AIG/VALIC (Corebridge Financial) to TIAA Transition
In October 2022, NSU began the transition to consolidate AIG/VALIC (Corebridge Financial) Retirement Services to the TIAA Retirement Service platform, with the objective of improving the services provided as well as reducing recordkeeping fees.
Disclaimer
In the event of any conflict or inconsistency between the information described and contained on this website and the official Plan Document, the terms and conditions of the Plan Document shall control. NSU is not responsible for any investment advice provided to participants by Captrust and/or TIAA.
For questions regarding NSU retirement plans, please contact the Office of Human Resources at ohr-retirement@nova.edu