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Changes While Employed

Payroll
To change existing salary reduction, submit a completed Salary Reduction Form to your payroll office

Personal Info
Your name, address, beneficiaries

Investments/Providers
Provider. Investment mix, Direction of future contributions


 

Update your personal information

Whenever you have a change in your name, address, or beneficiaries, contact your provider (inactive provider) directly. Your provider will explain the process and forms to complete these changes.

 

Change investments

You may change your active provider asset allocations at any time with no fees. Call your active provider or change your accounts online (see the provider section for contact information and web access). All participants may choose to sell their current investments and reinvest them in alternative investments within RIC (some inactive provider restrictions or fees may apply). Active employees may leave current assets invested as is and redirect future contributions to alternative investments if they wish.

If you are with an inactive provider, changes may or may not be allowed by phone or internet. Your provider may require that you make your request in writing. Fees and restrictions may apply to these transactions. Contact your inactive provider to ask what is required for making these changes.

 

Exchange your provider

A provider exchange refers to the movement of some or all of your RIC assets from one investment provider to another provider in the plan. Check your employer's plan details for possible exchange restrictions.

If you still have assets invested with an inactive provider and wish to make an exchange, be aware that the receiving provider must have an Information Sharing Agreement (ISA) with planwithease or RIC (see list of providers with ISAs) in order to process. Be sure to contact your old provider and ask if there are any fees and/or restrictions on moving your money out.

See Exchanges for more information.

Instructions for completing an exchange are available here.

NOTE: Exchanges between active providers are not recommended unless you have been dissatisfied with your current active provider services or investments over a reasonable amount of time. Investments with an active provider have no restrictions or fees to consider.

 

Redirect your future contributions

If you are with an active provider, you may redirect your future contributions to different investments (within your provider product) at any time. There are no transaction fees. You may wish to keep invested assets as they are or reallocate them to different investment options. Contact your provider/advisor or make the changes to your accounts online (links to provider websites are available on the active provider page).

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Education-Related Employees