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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.
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 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060

Portfolio Allocated Funds (minimum deposit of $50 per pay period)

N. Conservative Long-Term

O. Moderate Long-Term

P. Aggressive Long-Term

30% - North Shore Bank CD (B)
20% - Transamerica Stock Index R (D)
10% - Federated Hermes Total Return Bond (L)
10% - Transamerica Large Growth R (G)
10% - Transamerica Large Core R (F)
10% - BlackRock Equity Dividend R (C)
10% - American Fund Fundamental Investors R4 (U)

10% - North Shore Bank CD (B)
10% - Transamerica Stock Index R (D)
10% - Federated Hermes Total Return Bond (L)
10% - Transamerica Large Growth R (G)
10% - American Funds EuroPacific Growth R3 (M)
10% - Transamerica Mid Cap Value Opp R (H)
10% - Janus Henderson Triton R (K)
10% - MFS Mid Cap Growth R3 (S)
10% - Undiscovered Mgrs Behavioral Value A (V)
5% - BlackRock Equity Dividend R (C)
5% - American Funds Fundamental Investors R4 (U)
20% - American Funds EuroPacific Growth R3 (M)
15% - Transamerica Large Growth R (G)
10% - Transamerica Mid Cap Value Opp R (H)
10% - Janus Henderson Triton R (K)
10% - Transamerica Stock Index R (D)
10% - MFS Mid Cap Growth R3 (S)
10% - Undiscovered Mgrs Behavioral Value A (V)
5% - BlackRock Equity Dividend R (C)
5% - Transamerica Large Core R (F)
5% - American Funds Fundamental Investors R4 (U)

Mutual Funds/Bonds (minimum deposit of $10 per pay period)

L. Federated Hermes Total Return Bond Instl. R. Eaton Vance High Income Opportunities A Fund

Manage Yourself Mutual Funds/Stocks (minimum deposit of $10 per pay period)

 

VALUE

BLEND

GROWTH

Large Cap C. BlackRock Equity Dividend R G. TAP Large Growth
Mid Cap
Small Cap V. Undiscovered Mgrs Behavioral Value A Q. Goldman Sachs Small Cap Value Instl J. Nicholas Limited Edition Fund
K. Janus Triton R
International   M. EuroPacific Growth R3  

Real Estate Funds (minimum deposit of $10 per pay period)

X. Cohen & Steers Real Estate Securities A
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 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.

Frequently Asked Questions

The minimum deferral is $10.00 per pay period. The maximum deferral may change annually. As of tax year 2018, the maximum shall not exceed the lesser of 100% of “includable compensation” for the year or $18,500.


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 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.

Distributions are not required at the time of retirement, but are required beginning in the year you attain the age of 70½ years. However, you may select 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.

 


You may participate in this plan in addition to Roth and Traditional IRAs as you qualify.

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Contact us with additional questions: Email | 877-672-2265
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