The NC 401(k) Plan is sponsored by the state of North Carolina, governed by the NC Department of the State Treasurer and administered by Prudential Retirement. The NC 401(k) Plan is a supplemental retirement program that allows employees to set aside payroll-deducted contributions on either a tax-deferred or after-tax (Roth) basis.
Who is Eligible to Participate?
Permanent full-time employees scheduled to work 30 or more hours per work week are eligible to participate. Employees who are enrolled in either the TSERS or ORP mandatory retirement plan are eligible to participate in the NC 401(k) plan.
How Do I Enroll?
Eligible employees may enroll in the NC 401(k) plan at any time. Employees may obtain enrollment information by contacting the local NC 401(k) Prudential representative. The representative can assist you with enrolling in the plan and answer any questions you may have about the plan.
You must use the Prudential Portal at https://ncplans.retirepru.com/enrollment.html or you can print out forms and send completed form to the following address or fax it to 1-866-439-8602. If
faxing, please keep original for your records.
NC Plans Processing Center
PO Box 5340
Scranton, PA 18505
Commonly Used Forms:
How Does the Plan Work?
Your Supplemental Retirement Plan Decision Guide provides information (including a comparison chart) about all of the supplemental retirement plans available to eligible faculty and staff.
Contributions and Limits
For 2020, employees may contribute up to the following limits each calendar year via payroll deduction:
- Up to age 49 – $19,500 per year
- Age 50 or older – $26,000 per year
Note: Combined, 401(k) and 403(b) contributions cannot exceed the federal annual maximum contribution limit; however, additional contributions may be made to a 457(b) plan.
- NC 401(k) Plan Brochure
- NC 401(k) Plan Service Center: 866-627-5267
Call the Prudential Service Center at 866-627-5267, or contact a member of the UNC Asheville Benefits team for additional information: 828-251-6605.