{"id":18621,"date":"2023-07-17T17:20:37","date_gmt":"2023-07-18T00:20:37","guid":{"rendered":"https:\/\/in.nau.edu\/human-resources\/?page_id=18621"},"modified":"2026-06-03T23:47:14","modified_gmt":"2026-06-03T23:47:14","slug":"benefits-orp","status":"publish","type":"page","link":"https:\/\/in.nau.edu\/human-resources\/benefits-orp\/","title":{"rendered":"Benefits &#8211; ORP"},"content":{"rendered":"<h1>Optional Retirement Plan (ORP)<\/h1>\n<div class='shortcode-column-container'><!-- shortcode-column -->\n<div class=\"shortcode-column shortcode-column--count-2\">\n    The <a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2019\/01\/AUS_ORP_ENG_Feb-2026_FINAL.pdf\">ORP<\/a> is a defined contribution plan qualified under Internal Revenue Code 401(a).<\/p>\n<ul>\n<li>This plan is offered to faculty and appointed staff as an alternative to ASRS.<\/li>\n<li>Income at retirement is based on the total accumulation of funds in your account, including any investment gains or losses.<\/li>\n<\/ul>\n\n<\/div>\n<!-- shortcode-column -->\n<div class=\"shortcode-column shortcode-column--count-2\">\n    \n<p><img decoding=\"async\" class=\"alignnone wp-image-18706\" src=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-464x348.jpg\" alt=\"Graphic of investment returns\" width=\"374\" height=\"281\" srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-464x348.jpg 464w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-300x225.jpg 300w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-1024x768.jpg 1024w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-768x576.jpg 768w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-1536x1152.jpg 1536w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-2048x1536.jpg 2048w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-800x600.jpg 800w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-232x174.jpg 232w, https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/Investment-returns-photo-by-allison-saeng-on-unsplash-600x450.jpg 600w\" sizes=\"(max-width: 374px) 100vw, 374px\" \/>\n<\/div>\n<\/div>\n<h2><strong>Contributions<\/strong><\/h2>\n<p>Both you and NAU contribute 7% of your pay each pay period. \u00a0NAU also pays for your long-term disability benefit.<\/p>\n<ul>\n<li>Maximum annual contribution for both employee and employer contributions cannot exceed the IRS limit of $66,000 for 2023.<\/li>\n<li>The compensation on which you can make contributions, is limited by the IRS compensation limit. For 2023 the limits are:\n<ul>\n<li>Enrolled on June 30, 1996 or earlier &#8211; $430,000<\/li>\n<li>Enrolled after June 30, 1996 &#8211; $330,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Vesting<\/strong><\/h2>\n<p>Vesting refers to the service requirement before \u201cowning\u201d all funds in your account.<\/p>\n<ul>\n<li><strong>Your Contributions:\u00a0<\/strong>You are always 100% vested in your own contributions.<\/li>\n<li><strong>NAU\u2019s Contributions: <\/strong>You are 100% vested in NAU\u2019s contributions after five years of continuous service or age 65, whichever is earliest.\u00a0\u00a0Academic year employees, are 100% vested at the end of the fifth full academic year.<\/li>\n<\/ul>\n<p><strong>Immediate vesting<\/strong> may be available if you have an active retirement account (funds on deposit) through another institution of higher education. For more information contact Human Resources.<\/p>\n<p><em>\u00a0<\/em><em>If you leave NAU before you meet vesting qualifications, you relinquish the employer contributions.<\/em><\/p>\n<h2><strong>Investing <\/strong><\/h2>\n<p>Your retirement benefit is based on the performance of the investments you select. You select one of the plan\u2019s investment managers: Fidelity or TIAA. Each investment manager offers a broad array of investment options from which you can choose.<\/p>\n<p>To learn more, contact the investment manager\u2019s representative for more information on the funds and services offered or go to the investment manager website.<\/p>\n<h3><strong><em>Still have questions?? <\/em><\/strong><\/h3>\n<p>Contact the Benefits Team at nauhrbenefits@nau.edu or call (928) 523-2223.<\/p>\n<!-- shortcode-right-column -->\n<div class=\"shortcode-right-column\" >\n    <div class=\"shortcode-right-column__container\">\n<h3 style=\"text-align: center\"><div class=\"eplus-bg-color-row bg-color-nau-yellow\"><div class=\"eplus-bg-color-row-content\"><strong>\u00a0<\/strong><strong>Questions??<\/strong>\u00a0<a href=\"https:\/\/in.nau.edu\/human-resources\/benefits-faqs-optional-retirement-plan\/\"> Review FAQs<\/a><\/div><\/div><\/h3>\n<\/div>\n<\/div>\n\n<!-- shortcode-right-column -->\n<div class=\"shortcode-right-column\" >\n    <div class=\"shortcode-right-column__container\">\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<!-- shortcode-block -->\n<div class=\"shortcode-block\">\n      <div class=\"block-header\">\n        <h3>Resources<\/h3>\n    <\/div>\n          <div class=\"block-body\">\n      <div><ul>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/benefits-orientation-videos\/\">Orientation Videos<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2020\/04\/Accessible-Appendix-A-Benefit-Eligibility-by-Benefit-Plan-and-Employment-Category.pdf\">Eligibility Chart<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/primary-retirement-plan-comparison\/\" target=\"_blank\" rel=\"noopener\">Primary Retirement Plan Comparison<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2019\/01\/AUS_ORP_ENG_Feb-2026_FINAL.pdf\">ORP Guide<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2023\/07\/ASRS-Enrollment-Guide-NAU.pdf\">ASRS Enrollment Guide<\/a><\/li>\n<li><a href=\"\/Human-Resources\/Benefits\/Benefit-Plan-Document\/\">Plan Documents and Policies<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/benefit-contact-information\/\">Vendor Contact Information<\/a><\/li>\n<\/ul><\/div>\n          <\/div>\n  <\/div>\n<\/div>\n<\/div>\n\n<!-- shortcode-right-column -->\n<div class=\"shortcode-right-column\" >\n    <div class=\"shortcode-right-column__container\">\n<h4><div class=\"eplus-bg-color-row bg-color-nau-yellow\"><div class=\"eplus-bg-color-row-content\">Investment\u00a0 Providers<\/div><\/div><\/h4>\n<h4><strong><u>403(b) Plan<\/u><\/strong><\/h4>\n<p><strong>Fidelity Investments <\/strong><\/p>\n<ul>\n<li>Ryan Barton<\/li>\n<li>(480) 322-9743<\/li>\n<li>ryan.barton@fmr.com<\/li>\n<li><em><a href=\"https:\/\/getguidance.fidelity.com\/nau\">\u00a0Schedule an appointment<\/a><\/em><\/li>\n<\/ul>\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<p><strong>TIAA<\/strong><\/p>\n<ul>\n<li><strong>Account\\Plan Information<\/strong><\/li>\n<li>800-842-2252<\/li>\n<li><strong>Financial planning<\/strong><\/li>\n<li>855-728-8422<\/li>\n<li><strong>Schedule a meeting <\/strong><\/li>\n<li>&#8211; 800-732-8353<\/li>\n<li>&#8211; <a href=\"http:\/\/www.tiaa.org\/schedulenow\">Appointment scheduler<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Optional Retirement Plan (ORP) Contributions Both you and NAU contribute 7% of your pay each pay period. \u00a0NAU also pays for your long-term disability benefit. Maximum annual contribution for both employee and employer contributions cannot exceed the IRS limit of $66,000 for 2023. The compensation on which you can make contributions, is limited by the [&hellip;]<\/p>\n","protected":false},"author":619,"featured_media":18149,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"ring_central_script_selection":"","footnotes":""},"class_list":["post-18621","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=18621"}],"version-history":[{"count":2,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18621\/revisions"}],"predecessor-version":[{"id":24400,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18621\/revisions\/24400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media\/18149"}],"wp:attachment":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=18621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}