Section 457 & Deferred Compensation

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The North Shore Bank Deferred Compensation Plan is a Wisconsin based plan with over 35 years of providing savings options and retiree Healthcare Reimbursement Arrangements (HRA) for our customers. We offer hands-on service to help you meet your goals.  

Deferred Compensation plans are tax sheltered savings programs under IRS code section 457(b). Congress created these plans for municipalities, school districts, and other governmental units to help their employees save for a more comfortable retirement. Through this plan, you are contributing pre-tax dollars to a retirement account which will not be taxed until you decide to withdraw them.
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Toll Free: 800.236.4672  |  414.964.3390  |  Email a representative.
 
  • 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 and Nicholas 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.

Still have questions?

Contact us with additional questions: Email | 877.672.2265