Contributing to NEFP

During the enrolling process, you determine the percentage you want withheld. You may contribute a percentage (in whole percentages) up to the maximum permitted by law. When you submit the Deferral Rate Notification form to your employer, you are authorizing them to withhold a certain percentage from your pay pre-taxed on a regular basis. This amount is then deposited into your account.

Federal law limits the amount you can contribute to your account. For 2010, you may contribute a maximum of $16,500. If you are age 50 or older, you may contribute an extra $5,500 to your account.

You may also rollover contributions from another qualified plan as a direct rollover. A direct rollover is made directly from another plan without being distributed to you first. NEFP permits direct rollovers from the following:

• Qualified plans (generally, these are plans that meet the requirements of Section 401(a) of the Internal Revenue Code, such as 401(k) or profit sharing plans).
  
  
• Annuity contracts as described in Section 403(b) of the Internal Revenue Code.
  
  
• Eligible plans under Section 457(b) of the Internal Revenue Code maintained by state, political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state.
  
  
• IRAs

You may not rollover the following:

• Loans
  
  
• After-tax employee contributions
  
  
• Other amounts or lump-sum distributions for which the NEFP is required to separately account.

You may be required to provide NEFP with information showing that the savings you want to rollover meet NEFP’s requirements.