North Carolina 401(k) and 457 retirement savings plans

E683033

The North Carolina 401(k) and 457 retirement savings plans are tax-advantaged investment programs that help North Carolina public employees save and invest for retirement through payroll contributions and professionally managed options.

All labels observed (3)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf defined contribution plan ⓘ
public employee retirement savings program ⓘ
tax-advantaged retirement savings plan ⓘ
administeredFor North Carolina public employees ⓘ
availableTo eligible North Carolina community college employees ⓘ
eligible North Carolina local government employees ⓘ
eligible North Carolina public school employees ⓘ
eligible North Carolina state employees ⓘ
eligible North Carolina university system employees ⓘ
benefitDetermination account balance based on contributions and investment performance ⓘ
benefitType supplement to North Carolina public pension benefits ⓘ
componentPlan North Carolina 401(k) Plan ⓘ
North Carolina 457 Plan ⓘ
contributionFrequency each pay period ⓘ
contributionLimitBasis annual IRS contribution limits ⓘ
contributionMethod payroll deduction ⓘ
country United States ⓘ
eligibilityCriterion employment with a participating North Carolina public employer ⓘ
feature employee-directed investment choices ⓘ
potential Roth after-tax contributions ⓘ
pre-tax contributions ⓘ
professionally managed investment options ⓘ
tax-deferred contributions ⓘ
fundingSource employee contributions ⓘ
governedBy Internal Revenue Code section 401(k) ⓘ
Internal Revenue Code section 457(b) ⓘ
investmentOptionType core index funds ⓘ
mutual funds ⓘ
target date funds ⓘ
operatedInJurisdiction State of North Carolina ⓘ
linked to: North Carolina
ownership individual participant accounts ⓘ
planType 401(k) plan ⓘ
governmental 457(b) deferred compensation plan ⓘ
purpose help participants save for retirement ⓘ
provide supplemental retirement income ⓘ
risk investment risk borne by participant ⓘ
sponsorType state government ⓘ
targetParticipant career public employees ⓘ
early-career public employees ⓘ
late-career public employees ⓘ
taxAdvantage potential reduction of current taxable income through pre-tax contributions ⓘ
taxAdvantage tax-free qualified withdrawals of Roth contributions and earnings if requirements are met ⓘ
taxTreatment earnings grow tax-deferred until withdrawal for pre-tax contributions ⓘ
withdrawalEvent certain hardship or unforeseeable emergency situations ⓘ
retirement ⓘ
separation from service ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

State Treasurer of North Carolina → oversees → North Carolina 401(k) and 457 retirement savings plans ⓘ
North Carolina 401(k) and 457 retirement savings plans → componentPlan → North Carolina 401(k) Plan ⓘ
linked to: North Carolina 401(k) and 457 retirement savings plans
North Carolina 401(k) and 457 retirement savings plans → componentPlan → North Carolina 457 Plan ⓘ
linked to: North Carolina 401(k) and 457 retirement savings plans