Orange County NC Website
i <br />Benefits 401(k) Plan 457 Deferred <br />Compensation <br />Fees: <br />Administrative None None <br />Asset Fee 0.30% annually on all accounts 0.70 - 0.90% annually on Mutual <br /> Fund options <br />Loan Fee $60.00 for each loan Not applicable <br />Catch Up Option Calendar yeaz catch up available. Calendaz year catch up available. <br /> Also <br /> An individual can contribute up to <br /> $15,000 per yeaz for three yeazs <br /> prior to retirement eligibility. <br />Universal Life and <br />Term Life Insurance No Yes (premiums aze paid with pre- <br /> tax dollars) <br />Additional Information Related to Employer Contributions <br />FICA Not subject to FICA taxes Subject to FICA taxes <br />Retirement Not subject to retirement Not subject to retirement <br />Contributions <br />Markets Private Sector nationwide and Public Service nationwide <br /> N.C. Governmental employees Govennmental employees only <br /> only <br />Contributions Fixed contributions amounts: Contributions may be made to all <br /> Contributions aze to be made to all employees on the same basis or <br /> general employees exactly the on a tiered basis based on <br /> same. longevity, job classification, <br /> salary, etc. <br />Waiting Periods County may elect no waiting Any waiting period as the County <br /> period or may impose up to a six decides. <br /> month waiting period. <br />Amount of I May be a percentage or may be a I May be a percentage or may be a <br />Contributions flat dollaz amount flat dollaz amount <br />Matching Options I Yes, available. <br />and/or combinations <br />Yes, available. <br />17 <br />