NC 401(k) Plan and NC 457 Plan - Supplemental Retirement Plans

Information about Empower (Plan Administrator for the NC Plans)

Effective April 1, 2022, Empower officially acquired the full-service retirement business of Prudential.

Review the important information associated with the acquisition

FAQ Document

July 21 Prudential Retirement Press Release

 

 

A common retirement misconception is that your pension and social security benefits will be enough to replace at least 80 percent of your income after retirement, also known as being “retirement ready.” In reality, only about 44 percent of our state and local government employees with just those two accounts are ready for retirement. By contrast, about 71 percent of participants who are enrolled in a pension, social security and at least one supplemental retirement plan are on the right track to retirement readiness.

 

Image showing percentage of people who are financially prepared for retirement because they have at least one supplemental plan

Participant Frequently Asked Questions about the NC 401(k) Plan and NC 457 Plan

Employer Frequently Asked Questions about the NC 401(k) Plan and NC 457 Plan