1. NSU 403(b) Plan Conversion To Safe Harbor 401(k) Plan Office of Human Resources

2. Safe Harbor Plan  A safe harbor 401(k) plan will be established effective January 1, 2012  This plan will replace the 403(b) plan

3. Why Are We Making This Change? The new 401(k) plan:  Provides flexibility for employees to choose contribution levels  Improves vesting opportunities for employees making contributions to the plan  Keeps the same basic plan benefits and investment choices

4. What is the Same?  Employees can still receive up to 10% of their salary in NSU contributions  TIAA-CREF and Valic will continue to provide us with investment advice and with the same investment options  Plan features such as loans and hardship distributions are still available

5. What is different?  Employees can now contribute 1%, 2%, 3%, 4%, in the 403(b) they could only contribute 2% or 4% in matching contributions  It is no longer required to be employed on the last day of the year in order to keep NSU’s contribution for the current year

6. What Happens To The 403 (b) Plan?  The 403 (b) plan will be “frozen”, no new contributions will be made into the plan after December 31, 2011  Participants will direct the investments in their 403 (b) accounts, just as before  Loans, hardship distributions and in-service distributions will be administered according to the 403 (b) plan rules, just as before

7. “Quiet Period”  To ensure a smooth transition there will be a “Quiet Period” from December 12, 2011 to January 13, 2012  Employees will not be able to make contribution changes during this time

8. Contributions Max Min EmployeeEmployer Basic Employer Safe Harbor Matching Employer Matching Employer Total Employer & Employee Total 0%2%0% 2% 1%2%1% 4%5% 2% 6%8% 3%2%3% 8%11% 4%2%4% 10%14% 100% Vested Immediately 3 yr Vesting100% Vested Immediately 3 yr Vesting Employees no longer need to be employed at end of the year to keep the employer contributions

9. Plan Comparison EEEmployer Contributions ER & EE Basic Safe Harbor Matching ER Total Total 0%2%0% 2% 1%2%1% 4%5% 2% 6%8% 3%2%3% 8%11% 4%2%4% 10%14% 3 yr Vesting Immediate Vesting 3 yr Vesting Employees DO NOT need to be employed until the end of the year (employed as of Dec 31) to keep NSU’s contribution for the current year EEEmployer ContributionsER & EE BasicMatching ER Total Total 0%2%0%2% 1% No additional Match 2% 4%6%8% 3% No additional Match 4%2%8%10%14% Immediate Vesting 3 yr Vesting Employees need to be employed until the end of the year (employed as of Dec 31) to keep NSU’s contribution for the current year 403 (b) Plan401 (k) Plan

10. Safe Harbor Plan Contributions  Voluntary employee contributions are still allowed (employee contributions above 4%)  The IRS limit for 2011 limit is $16,500 or $22,000 for employees age 50 and older

11. What Action Must Employees Take?  At this time, no action is required from employees  TIAA CREF and VALIC will use present plan elections and beneficiary designations to set up new employee accounts

12. What will Happen to my 403 (b)?  Your current 403 (b) account will stay as is  You will continue to direct and make changes to your investment  Your account balance will grow as you earn interest  No new contributions will be made to the 403(b) plan after December 31, 2011

13. Can I roll-over my 403(b) account into my new Safe Harbor account?  Unfortunately, no. A roll-over is considered distribution and distributions can not be made while you are still employed  A distributable event occurs if you become disabled, retire, or separate from service

14. Where can I learn more? WEBINARS Friday, October 21 10 a.m. – 11 a.m. 3 p.m. – 4 p.m. Instructions were sent out by email Monday, October 17

15. Where can I learn more? VISIT THE BENEFITS WEBSITE http://www.nova.edu/cwis/hrd/benefits/ Meeting Schedule Frequently Asked Questions

16. Where can I learn more? Retirement Manager Find Retirement Manager Overview www.nova.edu/cwis/hrd/benefits/

17. Where can I learn more? CONTACT HR4U 954-262-HR4U (4748) HR4U@NOVA.EDU

18. Where can I learn more? TIAA-CREF Contact information VALIC Contact information For general plan information www.tiaa.cref.org/nsuhttps://my.valic.com/online To speak with an Advisor call 1-800-842-2252 To speak with an Advisor call 1-800-448-2542 To schedule a counseling session Call 1-800-732-8353 To schedule a counseling session Tammy Kotaska, 954-494-0314 Steve Proffitt, 954-684-6306

19. Thank You Office of Human Resources