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Denison Municipal Utilities

721 Broadway
Denison, IA 51442
Phone: (712) 263-4154
Fax: (712) 263-8767
 

Plan details specific to the Denison Municipal 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 MassMutual!

Review a webcast recording of the RIC Overview for Denison Municipal Utilities (available in 2 formats-,mp4 and .wmv) presented December 20, 2016.

Eligibility   Contributions   Investment Provider   Payroll deduction changes
Employees who work 40+ hours/week or have a fixed annual salary are eligible to participate.

 

 

  457 employee contributions: Option to save pretax and post-tax Roth through payroll deduction
457 Limits: $25/month up to IRS annual limits
401a employer match contributions (after 6-month probation period):

   - Department managers: Up to $185/month
   - All other employees : Up to $100/month

Catch-up contributions: 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.

 

 

  MassMutual / 800-743-5274
RIC providers offer attractive investment options and services and assists employees with enrollment and account reviews. A list of fund options by investment category is available in the RIC At-A-Glance PDF .

 
  You may request a change to your existing payroll deduction amount at any time by completing Denison Municipal Utilities RIC Account Form PDF and forwarding it to your payroll office.