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Section 457(b) Investment Options

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This plan will provide you with the opportunity to simplify the investment selection process and “diversify” within an exclusive group of investment opportunities. The letter next to each option below corresponds to the investment choices located on our Enrollment Form.

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Investment Performance Summary
FDIC Insured Savings Certificates (minimum deposit of $10 per pay period)
A. North Shore Bank (NSB) Variable-Rate Certificate Short Term Certificate
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B. North Shore Bank Blended-Rate Certificate Long-Term Certificate
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Target Date Fund (minimum deposit of $10 per pay period)
Y. T. Rowe Price Retirement Funds
2005 (Opens external PDF)2010 (Opens external PDF)2015 (Opens external PDF)2020 (Opens external PDF)2025 (Opens external PDF)2030 (Opens external PDF)
2035 (Opens external PDF)2040 (Opens external PDF)2045 (Opens external PDF)2050 (Opens external PDF)2055 (Opens external PDF)2060 (Opens external PDF)
Portfolio Allocated Funds (minimum deposit of $50 per pay period)

N. Conservative Long-Term

30% Eaton Vance High Income Opportunities A Fund (R)
20% - Transamerica Stock Index R (D) (Opens external PDF)
10% - Federated Hermes Total Return Bond (L) (Opens external PDF)
10% - Transamerica Large Growth R (G) (Opens external PDF)
10% - MFS Research R2 (F)
10% - BlackRock Equity Dividend R (C) (Opens external PDF)
10% - American Fund Fundamental Investors R4 (U) 

imgPieChart-ConservativeLongTerm(Opens external PDF)

O. Moderate Long-Term

10% - Transamerica Stock Index R (D) (Opens external PDF)
10% - Federated Hermes Total Return Bond (L) (Opens external PDF)
10% - Transamerica Large Growth R (G)(Opens external PDF)
10% - American Funds EuroPacific Growth R3 (M) (Opens external PDF)
10% - Transamerica Mid Cap Value Opp R (H) (Opens external PDF)
10% - Janus Henderson Triton R (K) (Opens external PDF)
10% - MFS Mid Cap Growth R3 (S) (Opens external PDF)
10% - Undiscovered Mgrs Behavioral Value A (V) (Opens external PDF)
10% - BlackRock Equity Dividend R (C) (Opens external PDF)
10% - American Funds Fundamental Investors R4 (U) 

imgPieChart-ModerateLongTerm(Opens external PDF)

P. Aggressive Long-Term

20% - American Funds EuroPacific Growth R3 (M) (Opens external PDF)
15% - Transamerica Large Growth R (G) (Opens external PDF)
10% - Transamerica Mid Cap Value Opp R (H) (Opens external PDF)
10% - Janus Henderson Triton R (K) (Opens external PDF)
10% - Transamerica Stock Index R (D)
10% - MFS Mid Cap Growth R3 (S) (Opens external PDF)
10% - Undiscovered Mgrs Behavioral Value A (V) (Opens external PDF)
5% - BlackRock Equity Dividend R (C) (Opens external PDF)
5% - MFS Research R2 (F) (Opens external PDF)
5% - American Funds Fundamental Investors R4 (U) 

imgPieChart-AggressiveLongTerm(Opens external PDF)
Mutual Funds/Bonds (minimum deposit of $10 per pay period)
L. Federated Hermes Total Return Bond Instl. (Opens external PDF)R. Eaton Vance High Income Opportunities A Fund (Opens external PDF)
Manage Yourself Mutual Funds/Stocks (minimum deposit of $10 per pay period)
 
VALUE
BLEND
GROWTH
Large CapC. BlackRock Equity Dividend R (Opens external PDF)
F. MFS Research R2 (Opens external PDF)
G. TAP Large Growth (Opens external PDF)
Mid Cap
S. MFS Mid Cap Growth R3 (Opens external PDF)
Small CapV. Undiscovered Mgrs Behavioral Value A (Opens external PDF)Q. Goldman Sachs Small Cap Value Instl (Opens external PDF)J. Nicholas Limited Edition Fund
K. Janus Triton R (Opens external PDF)
International M. EuroPacific Growth R3 (Opens external PDF) 
Real Estate Funds (minimum deposit of $10 per pay period)
X. Cohen & Steers Real Estate Securities A
  • Our representatives may not give legal or tax advice. Please consult your attorney or tax advisor for answers to your specific tax questions.
  • Your North Shore Bank 457(b) Plan can be funded by both FDIC Insured North Shore Bank certificates of deposit and/or non-Bank investments provided through TransAmerica Funds.
  • Investments held in North Shore Bank CDs are FDIC insured (options A & B listed above).
  • However, investments other than North Shore Bank CDs are NOT a deposit or other obligation of the bank or its affiliates; NOT insured by the FDIC or any other agency of the United States; are subject to investment risk, including possible loss of value.
  • All options except A & B are non-deposit investment products.

FAQs

Distributions are not required at the time of retirement, but are required beginning in the year you attain the age of 72 years. However, you may elect to take your distribution at termination of employment as a lump sum, monthly, quarterly or annual payment. You may also choose to roll over your funds as permitted in your plan document. North Shore Bank will assist you in structuring your repayments to meet your individual needs and goals.

 

Yes, participation in a 457 plan does not preclude you from participating in other retirement plans.

The minimum deferral is $10.00 per pay period. The maximum deferral may change annually. As of tax year 2024, the contribution limit is $23,000. Employees age 50 and older are eligible for catch up contributions of an additional $7,500 with total allowable to $30,500.

Since the inception of the North Shore Bank Deferred compensation program, the bank has assessed no service charges or administrative fees for funds allocated to a North Shore Bank Certificate of Deposit. A small annual asset fee is incurred when funds are allocated to the mutual fund options.

Note:

  • Our representatives may not give legal or tax advice. Please consult your attorney or tax advisor for answers to your specific tax questions.
  • Your North Shore Bank 457(b) Plan can be funded by both FDIC insured North Shore Bank Certificates of Deposit (CDs) and/or non-Bank investments provided through TransAmerica Funds.
  • Investments held in North Shore Bank CDs are FDIC insured.
  • However, investments other than North Shore Bank CDs are NOT a deposit or other obligation of the Bank or its affiliates; NOT insured by the FDIC or any other agency of the United States; are subject to investment risk, including possible loss of value.

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