Noble Network of Charter Schools Employee Benefit: 401K Plan | Glassdoor

Noble Network of Charter Schools 401K Plan

Updated Apr 26, 2018

28 employees reported this benefit


Employer Summary

In addition to the pension, Noble also offers both traditional 401(k) and Roth 401(k) retirement plan options. If you don’t qualify for the pension and contribute dollars to either 401(k) option, Noble provides a dollar-for-dollar match up to 5% of compensation, with a maximum contribution of $2,000 per semi-annual pay period. Eligibility for the match begins after a year of service and is awarded to nonpensionable staff.

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Employee Comments

Showing 1–7 of 7
  • Mar 07, 2019
    StarStarStarStarStar Current Employee in Chicago, Illinois

    High-quality plan and matching; pension plan is top-of-market matching

  • Feb 24, 2019
    StarStarStarStarStar Current ELA Teacher in Chicago, Illinois

    I have not taken advantage of this so I have very little idea of whether or not it's good but I've heard from other colleagues that it is.

  • Apr 08, 2018
    StarStarStarStarStar Current Science Teacher in Chicago, Illinois

    Great options of mutual funds to invest in and if you are not enrolled in the pension, Noble will match your contributions up to 5% of your salary

  • Feb 14, 2018
    StarStarStarStarStar Current English Language Arts Teacher in Chicago, Illinois

    Noble does not match your 401(k). But, a plan is available.

    Noble Network of Charter Schools Response

    If you are certified to teach in the state of Illinois, we contribute 7% out of the mandatory 9% employee contribution to your pension. Additionally, Noble contributes an extra 11-12% directly to... More

  • Jan 26, 2017
    StarStarStarStarStar Current Employee in Chicago, Illinois

    The 401K is only an option if you are not a certified teacher. If you are a certified teacher you must be in the pension plan. You can still join 401K, but there is not matching provided.

  • Feb 12, 2016
    StarStarStarStarStar Current Dean in Chicago, Illinois

    The Noble network does matching up to 7%. That is nice. I don't know what else to say.

  • Oct 23, 2015
    StarStarStarStarStar Former Math Teacher in Chicago, Illinois

    I was already in the CTU's pension plan.

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