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Cedar Falls Utilities

Cedar Falls Utilities logo 1 Utility Parkway
Cedar Falls, IA 50613 
Fax: (319) 268-5410
 

Plan details specific to the Cedar Falls Utilities 457/401a plans are shown below.  Access additional program information from the left menu. Enrollment is year round!  Take advantage of this great employee benefit today by contacting Voya!

Eligibility   Contributions   Enrollment & Investments   Changes & Distributions
Regular part-time and full-time employees working 20+ hours/week are eligible to participate. Review the RIC Plan Summary for more plan details.   457 employee contributions: Option to save pretax and post-tax Roth through payroll deductions:
  - minimum $25/month
  - maximum up to IRS annual limits*

401a match plan: Employer matches up to $600 of employee contributions annually. There are no vesting requirements.

Catch-up  - Close to retirement, the 3-Year Catch-Up benefit allows qualified participants to contribute over the Age 50+ limit. To find out if you qualify, request a 3-Year Catch-Up Worksheet.

 

  Enrollment: Enrollment is always open. Review the different enrollment options available through your plan's RIC provider Voya.

Investments: Voya offers a variety of investment options and provides help with enrollment, investment selection, and account reviews at no extra cost. A list of fund options by investment category is available in the RIC At-A-Glance PDF.

  Payroll deductions - You may request a change to your existing payroll deduction amount and tax treatment at any time by completing the Cedar Falls Utilities RIC Account Form PDF and forwarding it to your Human Resources Department.

Account management: To manage investment selection, obtain account information, change personal or beneficiary information, access your account online or call your provider.

Distributions: While employed, distribution options are limited. Once separated from employment, contact your provider directly to request distributions.